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Importance of Blockchain Technology
Blockchain can be implemented in two ways namely: permissions less and permissioned.
Blockchain can be public or private.
All the nodes have access to all ledgers in a public blockchain, meaning every node will have access to the full database.
In a private blockchain, we can limit few nodes to access it. With the ability to coordinate their business network through a shared ledger, blockchain networks can reduce the time, cost, and risk associated with private information and processing while improving trust and visibility.
Hyperledger Fabric is one of the blockchain projects within Hyperledger. Like other blockchain technologies, it has a ledger, uses smart contracts, and is a system by which participants manage their transaction
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IEEE/ICACT20220037 Slide.06
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