One of the most significant issues people are faced with today is the thought that all their information could be compromised by hackers because most of our personal information is digitized. It also seems that it has become too easy for complete strangers to access, copy and tamper with our data. However, it is still a risk that we all take despite the increasing probability of being hacked. Blockchain technology was created to help ensure that doesn’t happen or in the very least make it more challenging to try.
For someone to hack the blockchain system, they would need to go back and change every single block. That would require a ton of effort and patience because blockchains could have upwards of billions of chains linked that a person would have to go through and change. Changing just one or two blocks would automatically send an alert that the system is being hacked. This is only one of the many reasons why blockchain technology has become so popular.
Blockchain technology can be used for a variety of other things as well. It can also be used for global payments, sharing music, or tracking diamond sales.