How can blockchain enhance security in digital transactions?
An example of an AI chatbot conversation about blockchain's role in enhancing security.
How can blockchain enhance security in digital transactions?
Blockchain enhances security by providing a decentralized ledger that is immutable and transparent, making fraud more difficult.
What are some real-world applications of blockchain in security?
Real-world applications include secure voting systems, supply chain management, and identity verification.
Are there any limitations to using blockchain for security?
Yes, limitations include scalability issues, energy consumption, and the potential for smart contract vulnerabilities.
How does blockchain compare to traditional security methods?
Blockchain offers greater transparency and trust, while traditional methods often rely on central authorities, which can be compromised.
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