Mame Badugu Danjuma's post on Goodwall - BENEFITS OF BLOCKCHAIN TECHNOLOGY. ✅GREATER TRUST As a member of blockchain, you can rest assured that you are receiving accurate and timely data, and your data is 100% confidential in the blockchain records. Note, records will only be shared with members the account holder grants permission. ✅DECENTRALIZED STRUCTURE Blockchain allows sharing data in an ecosystem Without intermediaries included. (Third party). ✅MAXIMUM SECURITY AND PRIVACY Another leading benefit of blockchain is its security and privacy as it does not include any intermediary, which minimizes the chances of fraud or theft. Blockchain builds an unaltered ledger that provides all the transactions with end-to-end encryption, shutting doors to suspicious activities. Additionally, the data is never stored in a single computer; it is spread across a network of computers, eliminating the chances of unauthorized activities such as hacking. ✅REDUCED COST Blockchain is a decentralized structure, which means no involvement of a third party. This reduces manual tasks as well as promotes cost-saving activities. ✅SPEED Blockchain promotes much faster and more reliable transactions than conventional methods. It is recorded that blockchain can complete transactions within a fraction of seconds. However, the speed majorly depends upon various factors, such as network traffic. ✅VISIBILITY AND TRACEABILITY Blockchain can easily track the origins of various items, including organic items and machines. ✅IMMUTABLE Blockchain promotes time-spammed and data-spammed transactions, which means there’s a permanent record of everything happening, making it a secure and reliable network to carry out transactions. ✅ INNOVATION Blockchain trace and solve the existing problems, which improves the outcome.. BLOCKCHAIN TECHNOLOGY Transformed my COMMUNITY through: ✅ HEALTH CARE Blockchain promotes the easy transfer of files and information about patients to medical professionals. These contracts display all the relevant information along with the details of personalized health plans for every patient. ✅ MUSIC By using the network, which is decentralized and does not involve a third party, musicians acquire the money they deserve and actually get paid on time. ✅ PERSONAL SECURITY By keeping all the important information confidential, including birth certificates, birth dates, social security numbers on the blockchain ledger, there has been a rapid fall in the number of thefts. ✅ IDENTITY SECURITY Civic is an organization that allows individuals to have a closer look at who has their information. The company uses the blockchain-based ecosystem where the users have the power to decide who can enter into their personal details and how much. ✅ INDUSTRIAL TRAINING. The Blockchain Technology lets individuals decide who can enter their information.