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How Does Blockchain Technology Help Organizations When Sharing Data?

Blockchain technology help organizations with a secure and transparent way to share data, which can improve collaboration, reduce costs, and increase trust between parties.

Moreover Agencies can use blockchain technology to create a decentralised network where data can be securely shared between authorised parties.

This means that data can be shared without a centralised authority or intermediary, lowering the risk of data breaches or unauthorised access.

Hence Blockchain technology help organizations to control who has access to data through the use of smart contracts, which are self-executing contracts with the terms of the agreement between buyer and seller written directly into lines of code.


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