Data Verification Blockchain Technology Expected to Solve Problems Derived from Digital Transformation
, 2022-11-28 00:01:42,
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Entering the era of the Internet of Everything, it is expected that we will exchange digital data more frequently in the future online world. When the data goes digital and is not in the traditional black-and-white word format any longer, verifying the data’s credibility becomes a major challenge. At this time, blockchain technology with the characteristics of anti-tampering and decentralization has become one of the feasible solutions.
In the past Web 2 era without blockchain, most databases were easily predominated by a single industry. Now, blockchain changes that. According to “AWS,” data in the world of blockchain is stored in blocks connected to the same chain and cannot be deleted or modified without network consensus. For example, asset transactions can be recorded by establishing a decentralized anti-tampering system through the blockchain, and it is likely that we will see more and more blockchain systems getting involved in industries such as energy, finance, media, entertainment, and retail.
Fueled by this trend, many Taiwanese startups have invested in the research and development of blockchain technology in recent years, trying to grasp new business opportunities through this revolutionary innovation. Among them, two startups, International Trust Machines Corporation (ITM) and Turing Chain/Turing Certs Limited, with the assistance…
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