How DFINITY USA May Change Life as You Know It
Blockchain technology has the potential to revolutionize the way that people bank, buy property or store sensitive information. As one of the leading companies in the blockchain space, DFINITY USA has already helped to develop dozens of decentralized websites. If the company has its way, the Internet Computer blockchain will be something that the average person will use as part of their daily lives.
What Is a Blockchain?
When someone mines, transfers or sells a digital coin, information related to that transaction is encoded in a secure block. Each time a new transaction occurs, the most recent block is stacked on top of blocks that have already been created. As the name suggests, these blocks form a chain of information that can only be accessed with a private or public key.
What Are the Potential Benefits of Adopting Blockchain Technology?
One of the key benefits of blockchain technology is its decentralized nature. In other words, you no longer need a bank to facilitate a loan or a big server to store personal or corporate information. Furthermore, you can create websites that are owned by its users as opposed to corporations. In recent years, DFINITY USA has used its Internet Computer protocol to help people create clones of sites such as Reddit, LinkedIn and Facebook.
Information on a Chain Cannot Be Tampered With
Another key benefit of the Internet Computer protocol is that information contained within its blockchain cannot be tampered with. If information is changed for any reason, the block itself must generally be replaced with a new one. This greatly reduces the risk of fraud, identity theft or other information security issues that often arise using traditional systems.