What is a blockchain?
The "blockchain" is the latest technology emerging today. This is a concept that uses "encryption" to ensure data security. It is a continuously growing list of records called blocks that are internally linked together by a cryptographic hash code containing the previous block.
"The blockchain is basically an open, distributed digital ledger that can effectively record transactions between two parties in a secure manner. It follows a peer-to-peer architecture [decentralized and distributed].
how about it Blockchain Ensure the highest level of security? Or how does it work?
The blockchain provides the highest level of security, which is why it is used to store transaction data. It works just as soon after the first block is created, each neighboring block in the ledger uses its hash value of the previous block to calculate its own hash value. Before adding a new block to the chain, the truth and uniqueness must be verified through a computational process. This process also includes the licensing and assurance that other blocks of the newly added block have been verified. This verification process also ensures that all copies of the distributed ledger share the same state.
Due to this mechanism of adding hash codes and checking, newly added blocks can be referenced in subsequent blocks, but cannot be changed. If someone tries to swap out or block a block, the hash values of the previous and subsequent blocks will also change and destroy the shared state of the ledger. Whenever this happens, other computers on the network will find that the problem has occurred and will not add new blocks to the chain until the problem is resolved. The block that caused the error will then be discarded and the entire verification process will be repeated.
How does the blockchain benefit CRM?
With CRM software, Blockchain can actually add exciting data security features [options]. The integration of CRM and blockchain enables organizations to obtain validated [or verifiable] records protected by blockchain technology. Especially if CRM is cloud based.
This means it can benefit CRM applications by limiting access to tracking data from unwanted sources. Currently, CRM users around the world are faced with the problem of duplicate or incorrect data. Because blockchain technology stores data in blocks, it can allow customers to have a single block that is unique to them and their personal information, related transaction details, and other related data.
Blockchain limits duplicate or risky data from hampering the database, speeding up the CRM process and ensuring customer satisfaction.
Orignal From: Blockchain: the next level of security for CRM
No comments:
Post a Comment