POLAND The Polish Chamber of Information Technology and Telecommunications believe that Blockchain will revolutionise business over the next decade.
According to the ‘Blockchain in Poland. Opportunities and applications’ report most data processing systems are currently based on centralised IT platforms with cloud storage, but such data is vulnerable to attack and often requires trust to be placed in intermediaries and arbitrators to verify transactions and this increases costs. With blockchain, each new transaction is given a time stamp and forms a block that is added to the end of a chain of encrypted data. Each user has a copy
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