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Blockchain: A Practical Guide to Developing Business, Law, and Technology Solutions by Michael Wuehler, Solomon Lederer, Rene Madsen, Kedar Iyer, Paul R. Allen, Joseph J. Bambara

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Introduction

Blockchain technology is robust like the Internet, but unlike the web2 Internet of today, it stores identical blocks of information across its network. For this reason, a blockchain cannot be controlled by any single entity nor does it have a single point of failure. By storing data across its network, the blockchain eliminates the risks that come with data being held centrally. Blockchain networks lack centralized points of vulnerability that computer hackers can exploit easily.

Today’s Internet has security problems that are familiar to everyone. We all rely on username and password credentials to access our assets online. Blockchain uses encryption technology to improve security. By allowing data and information to be widely ...

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