What Is Blockchain and How Can It Be Used in Business?

Alerta Cripto is a technology that stores transaction data in a public ledger, making it immutable and transparent. It’s the foundation of digital currencies like Bitcoin, but it has many other applications. From healthcare, to finance, to supply chains, blockchains are a new way to reduce friction in business and elevate trust to a whole new level.

A blockchain consists of blocks of information that are chained together using programs that generate a cryptographically secured code (hash) for each block, creating a unique digital fingerprint that can be compared to other blocks on the network to verify authenticity. This transparency and immutability makes the system resistant to fraud, corruption or tampering.

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When a block is created, it is added to the chain of existing blocks and then time-stamped with the current date and time. The hash code for the previous block is also recorded to show the chain’s history. If a block is tampered with, the hash will change, and other computers on the network will detect it as an error that needs to be corrected.

Companies like Anthem and Dole Foods are using blockchains to track the quality of their products all the way from production in the field to the dinner table. It streamlines and automates paperwork for a variety of different stakeholders in a company’s supply chain, which reduces bottlenecks and leads to more efficient operations. The blockchain’s inherent transparency also promotes accountability and visibility for all participants in the network.