- The Blockchain is a data structure, it can be used to store any type of information. Industries can benefit from blockchain record types since they can fully utilise what it has to offer. The following are the most typical types of records/data that will be unbroken in blockchain:
- Medical transaction records
- Identity administration
- Processing of transactions
- Management activity, business transactions
- Documentation
- It is contingent on the blockchain. Every blockchain serves a distinct purpose. Some blockchains are made for financial transactions, while others are made for contracts and IoTs. It is also possible to develop your own blockchain. One transaction is stored in the Bitcoin blockchain, for example.
- Blockchains, on the other hand, aren't built to hold enormous amounts of data. Ethereum, for example, is built specifically for smart contracts. A block of code can be stored on the blockchain.
Read More: Name some popular platforms for developing blockchain applications
