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Blockchain technology is a distributed database that records and stores data in a secure, decentralized manner. The data is secured through cryptography, and each block in the chain is linked to the previous block, forming a chain. This chain is then replicated across a network of computers, ensuring that the data is secure and cannot be tampered with. When a new block is added to the chain, it is broadcast to the network and verified by the computers in the network. Once verified, the new block is added to the blockchain and the chain is updated. The data stored on a blockchain is immutable,
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Identity and access management Blockchain identity management helps organizations to ensure that records are permanent and tamper-proof to solve issues. ID proof of individuals can be stored on a blockchain by the government authorities with the assurance of safety and reliability. https://lbmblockchainsolutions.com/
Key management Efficient and secure key management is a challenge for any cryptographic system. If intruder is able to discover the keys by any mechanism like bruit force, side channel attack, physical access of system, weak encryption, replay attack etc. then intruder is able to steal everything from the targeted system. Therefore, management of keys is one of the most critical component of the cryptographic system. No infrastructure is secure if its keys are not secure. https://lbmblockchainsolutions.com/
Data privacy If there is no personal data involved with the issue then there is no privacy issue and if yes, then one might be under the General Data Protection Regulation, and data privacy is forbidden unless you have the legal basis to proceed with the data. https://lbmblockchainsolutions.com/
Secure communication The private blockchain is deployed for a single organization and handles the encrypted communication inside the organization by storing the encrypted key of a chatroom with a unique id as a transaction in the block and afterwords accessing that block for establishing a secure a connection. https://lbmblockchainsolutions.com/
Smart contract security Smart contracts are simply programs stored on a blockchain that run when predetermined conditions are met. They typically are used to automate the execution of an agreement so that all participants can be immediately certain of the outcome, without any intermediary's involvement or time loss. https://lbmblockchainsolutions.com/
Transaction endorsement An endorsement policy, is a condition on what endorses a transaction. Blockchain peers have a pre-specified set of endorsement policies, which are referenced by a deploy transaction that installs specific chaincode. Endorsement policies can be parametrized, and these parameters can be specified by a deploy transaction. https://lbmblockchainsolutions.com/