Thanks to this technology, many processes and procedures that used to be under the control of people are now much more risk-free and transparent.
All kinds of tools needed to ensure trust in advance have ceased to be needed thanks to the blockchain. In addition, the control of supply chains has again become a much more transparent and consistent process with this technology. Nowadays, there are many settlements that integrate blockchain technology into their voting systems. It is known that technology has the potential to lead to revolutionary changes and transformations in almost all business models around the world. Among the areas of blockchain use, there dec be numerous official and informal use cases ranging from banks to governments, smart contracts to notary transactions. How Does the Blockchain Work?Īlthough Blockchain technology, which has a very wide field of work, is often referred to as cryptocurrencies, it is used in many industries with or without a center. When the calendars show October 31, 2008, it was stated in the white paper document titled “Bitcoin: Peer-to-Peer Electronic Cash System” published by a person or group named Satoshi Nakamoto that the BTC infrastructure is completely based on blockchain technology. In today's sense, the first Blockchain is the same as the first cryptocurrency Bitcoin in history.
For this reason, according to many, the inventor of this technology is not Satoshi Nakamoto, but News and Stornetta. based on the “hash tree” concept patented by Ralph Merkle in the 1970s, two experts have managed to approach the definition of modern blockchain today, although they have not fully conceptualized their work. The basis of Blockchain technology, which is called blockchain/blockchain, was laid in the early 1990s with the work of cryptographers Stuart Haber and Scott Stornetta.
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