Blockchain transaction7/25/2023 Blockchain for digital IDs. Microsoft is experimenting with blockchain technology to help people control their digital identities, while also giving users control over who accesses that data.Blockchain for monitoring of supply chains. Using blockchain, businesses could pinpoint inefficiencies within their supply chains quickly, as well as locate items in real time and see how products perform from a quality-control perspective as they travel from manufacturers to retailers.Blockchain for payment processing and money transfers. Transactions processed over a blockchain could be settled within a matter of seconds and reduce (or eliminate) banking transfer fees.While blockchain is still largely confined to use in recording and storing transactions for cryptocurrencies such as Bitcoin, proponents of blockchain technology are developing and testing other uses for blockchain, including these: Open Source and Software Supply Chain NewsĪs explained by Wikipedia, “Blockchain was invented by Satoshi Nakamoto”-the pseudonym of an unknown person or persons-“in 2008 to serve as the public transaction ledger of the cryptocurrency bitcoin… made it the first digital currency to solve the double-spending problem without the need of a trusted authority or central server.”.Resources go back Go Back close sub navigation Blog Quality & Security Standards ComplianceĬustomer Success go back Go Back close sub navigation Customer Success. Open Source Security & License Management.Solutions go back Go Back close sub navigation Manage Business and Software Risk Tools & Services go back Go Back close sub navigation Integrated AppSec Solutions
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