{"id":179800,"date":"2024-05-17T14:56:41","date_gmt":"2024-05-17T13:56:41","guid":{"rendered":"https:\/\/datascientest.com\/en\/?p=179800"},"modified":"2024-02-25T17:38:45","modified_gmt":"2024-02-25T16:38:45","slug":"blockchain-how-this-technology-works-its-advantages-and-limitations","status":"publish","type":"post","link":"https:\/\/datascientest.com\/en\/blockchain-how-this-technology-works-its-advantages-and-limitations","title":{"rendered":"Blockchain: How this technology works, its advantages and limitations"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"179800\" class=\"elementor elementor-179800\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-fc9a5e7 e-flex e-con-boxed e-con\" data-id=\"fc9a5e7\" data-element_type=\"container\" data-settings=\"{&quot;content_width&quot;:&quot;boxed&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-8705bda elementor-widget elementor-widget-heading\" data-id=\"8705bda\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.15.0 - 02-08-2023 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><h2 class=\"elementor-heading-title elementor-size-default\">Blockchain a technology for storing and transmitting information. It is often defined as a decentralized, distributed ledger that stores ownership of digital assets. Indeed, any data stored on the Blockchain is impossible to modify, making this technology a real revolution in sectors such as cybersecurity or healthcare. This technology is mainly used as a protocol for the secure transfer of money, goods, contracts.... Thanks to the Internet, all this is done directly, without the need for a third-party intermediary such as a bank or government.<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4301a01 elementor-widget elementor-widget-text-editor\" data-id=\"4301a01\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.15.0 - 02-08-2023 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p><a href=\"https:\/\/datascientest.com\/en\/4-blockchain-data-science-projects-to-discover\">Blockchain<\/a> is a particularly promising and revolutionary technology, as it reduces security risks, eradicates fraud and brings enormous transparency to all transactions.<\/p><p>Popularized by its association with crypto-currencies and NFTs, <a href=\"https:\/\/datascientest.com\/en\/blockchain-course-traps-to-avoid\">blockchain technology<\/a> has since evolved into a business solution for all types of global industries. Today, blockchain enables transparency in many sectors such as the food supply chain, secure healthcare data, innovation in video games.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-a7bb7b3 e-flex e-con-boxed e-con\" data-id=\"a7bb7b3\" data-element_type=\"container\" data-settings=\"{&quot;content_width&quot;:&quot;boxed&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-c3faee9 elementor-widget elementor-widget-heading\" data-id=\"c3faee9\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">What makes this technology unique?<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6ee1cda elementor-widget elementor-widget-text-editor\" data-id=\"6ee1cda\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>One of the most important concepts of <a href=\"https:\/\/datascientest.com\/en\/microsoft-stops-speculating-and-gets-involved-in-blockchain\">blockchain technology is decentralization.<\/a> No single computer or organization can own the technology. Instead, it is a large distributed notebook via nodes connected to the blockchain. Blockchain nodes can be of many types, but they are necessarily electronic devices that maintain copies of the chain and keep the network running.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-59d46be elementor-widget elementor-widget-image\" data-id=\"59d46be\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.15.0 - 02-08-2023 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".svg\"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}<\/style>\t\t\t\t\t\t\t\t\t<figure class=\"wp-caption\">\n\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/datascientest.com\/wp-content\/uploads\/2022\/11\/blockchain-ged1229fbe_640.png\" title=\"\" alt=\"\" loading=\"lazy\" \/>\t\t\t\t\t\t\t\t\t\t\t<figcaption class=\"widget-image-caption wp-caption-text\"><\/figcaption>\n\t\t\t\t\t\t\t\t\t\t<\/figure>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-551734c elementor-widget elementor-widget-text-editor\" data-id=\"551734c\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Each node has its own copy of the<strong> blockchain.<\/strong> For each new block mined, the network approves it with the help of an algorithm to keep the system up to date. Thanks to this and the transparency of\u00a0 <strong>blockchains<\/strong>, these systems are considered highly secure.<\/p><p>Each participant receives a unique alphanumeric identification number, which indicates his or her transactions.<\/p><p>It&#8217;s important to know that<strong> blockchains<\/strong> can be &#8220;permissionless&#8221;, i.e. accessible to all, like bitcoin, or &#8220;permissioned&#8221;, when they are built by a company or group that allows access only to certain people.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6f0c3ec elementor-align-center button-principale elementor-widget elementor-widget-button\" data-id=\"6f0c3ec\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm elementor-animation-grow\" href=\"https:\/\/datascientest.com\/en\/data-courses\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-text\">Discover our training courses<\/span>\n\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-201c777 e-flex e-con-boxed e-con\" data-id=\"201c777\" data-element_type=\"container\" data-settings=\"{&quot;content_width&quot;:&quot;boxed&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-8edb129 elementor-widget elementor-widget-heading\" data-id=\"8edb129\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Blockchain and Bitcoin<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7d8ab9f elementor-widget elementor-widget-text-editor\" data-id=\"7d8ab9f\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><strong>Bitcoin is a crypto-currency<\/strong>, i.e. a virtual currency designed to act as a form of money and means of payment beyond the control of any individual, group or entity, thus eliminating the need to involve a third party in financial transactions. Bitcoin was first introduced to the public in 2009 by one or more developers using the name Satoshi Nakamoto.<\/p><p>The<a href=\"https:\/\/datascientest.com\/en\/bitcoin-how-it-works-its-advantages-and-limitations\"> Bitcoin blockchain<\/a> is a type of distributed database that stores Bitcoin transactions. Instead of a conventional database where information is stored in arbitrary folders, Bitcoin transactions are stored in &#8220;blocks&#8221;. When new transactions occur, they are grouped into these &#8220;blocks&#8221;.<\/p><p>Any movement of an asset within the blockchain is recorded in a block. The addition of each block and each transaction is irreversible, enabling the chain to remain perfectly accurate.<\/p><p>Bitcoin miners contribute to the construction of this blockchain by extracting new blocks. A miner adds data to a new block and creates a new division within the base block, adding it to the chain.<\/p><p>A miner must fill in a mathematical equation to verify the blocks and guarantee their accuracy.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4ddfa77 elementor-widget elementor-widget-image\" data-id=\"4ddfa77\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t<figure class=\"wp-caption\">\n\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/datascientest.com\/wp-content\/uploads\/2022\/11\/blockchain-g37b43098c_640-e1669800091915.jpg\" title=\"\" alt=\"\" loading=\"lazy\" \/>\t\t\t\t\t\t\t\t\t\t\t<figcaption class=\"widget-image-caption wp-caption-text\"><\/figcaption>\n\t\t\t\t\t\t\t\t\t\t<\/figure>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f942879 elementor-widget elementor-widget-text-editor\" data-id=\"f942879\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><strong>Transparency<\/strong> is one of the key factors of this blockchain. Indeed, all transactions on the Bitcoin blockchain are recorded on the network&#8217;s computers. Transactions are totally transparent because the addresses and transaction histories of crypto-currency wallets are publicly visible, but the owners of each wallet connected to these public addresses are <strong>anonymous and unrecorded.<\/strong><\/p><p>Bitcoin and other popular crypto-currencies rely on public blockchain networks, meaning that anyone can join. This is what has really made this virtual currency so important in such a short space of time, today it is considered that over 40 million people worldwide own Bitcoin.<\/p><p>All transactions on the <strong>Bitcoin blockchain<\/strong> are recorded on the network&#8217;s computers. Transactions are totally transparent, as the addresses and transaction histories of the crypto-currency wallets are publicly visible, but the owners of each wallet connected to these public addresses are anonymous and unrecorded.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-a5e94ea e-flex e-con-boxed e-con\" data-id=\"a5e94ea\" data-element_type=\"container\" data-settings=\"{&quot;content_width&quot;:&quot;boxed&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-50c0888 elementor-widget elementor-widget-heading\" data-id=\"50c0888\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">What are the advantages of blockchain? <\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-01a8bf2 elementor-widget elementor-widget-heading\" data-id=\"01a8bf2\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Enhanced safety<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ffc9fb5 elementor-widget elementor-widget-text-editor\" data-id=\"ffc9fb5\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Your <strong>data is sensitive and crucial,<\/strong> and blockchain can dramatically change the way your critical information is perceived. By creating a record that cannot be altered and is encrypted from end to end, blockchain helps prevent fraud and unauthorized activity.<\/p><p>Information is stored on a network of computers rather than on a single server, making it difficult for hackers to access the data.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-818b46f elementor-widget elementor-widget-heading\" data-id=\"818b46f\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Instant traceability<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d0861b5 elementor-widget elementor-widget-text-editor\" data-id=\"d0861b5\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><strong>Blockchain<\/strong> creates a path that documents the provenance of an asset at every stage of its journey. In sectors where consumers are concerned about environmental or human rights issues linked to a product&#8217;s provenance, this acts as a real revolution. Traceability data can also <strong>highlight weaknesses in any supply chain.<\/strong><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4c85d63 elementor-widget elementor-widget-image\" data-id=\"4c85d63\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t<figure class=\"wp-caption\">\n\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/datascientest.com\/wp-content\/uploads\/2022\/11\/blockchain-g2933958b0_640.jpg\" title=\"\" alt=\"\" loading=\"lazy\" \/>\t\t\t\t\t\t\t\t\t\t\t<figcaption class=\"widget-image-caption wp-caption-text\"><\/figcaption>\n\t\t\t\t\t\t\t\t\t\t<\/figure>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a06c9e7 elementor-widget elementor-widget-heading\" data-id=\"a06c9e7\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Quick and efficient<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-fe13542 elementor-widget elementor-widget-text-editor\" data-id=\"fe13542\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Cumbersome traditional processes are time-consuming, prone to human error and often require the intervention of an intermediary. Documentation can be stored on the blockchain along with transaction details, eliminating the administrative burden.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8210efb elementor-widget elementor-widget-heading\" data-id=\"8210efb\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Automation<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-bba2578 elementor-widget elementor-widget-text-editor\" data-id=\"bba2578\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Transactions can even be automated using &#8220;smart contracts&#8221;, which increase efficiency and speed up the process even further. Smart contracts reduce human intervention, for example.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4eeb06e elementor-align-center button-principale elementor-widget elementor-widget-button\" data-id=\"4eeb06e\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm elementor-animation-grow\" href=\"https:\/\/datascientest.com\/en\/data-courses\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-text\">Find out more about our training courses<\/span>\n\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-6655431 e-flex e-con-boxed e-con\" data-id=\"6655431\" data-element_type=\"container\" data-settings=\"{&quot;content_width&quot;:&quot;boxed&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-bc13532 elementor-widget elementor-widget-text-editor\" data-id=\"bc13532\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>In conclusion, we have seen that today, Blockchain appears to be a real revolution, and that many projects are seeing the light of day thanks to this new system. Even if it&#8217;s sometimes overlooked, Blockchain is truly linked to Data Science.<\/p><p>To use it, you need to understand how data works. This requires a solid theoretical foundation to make the link between the two. We offer training courses that will enable you to master this knowledge, such as our Data Scientist course.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-51116a6 elementor-widget elementor-widget-shortcode\" data-id=\"51116a6\" data-element_type=\"widget\" data-widget_type=\"shortcode.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-shortcode\"><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-38ed064 e-flex e-con-boxed e-con\" data-id=\"38ed064\" data-element_type=\"container\" data-settings=\"{&quot;content_width&quot;:&quot;boxed&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-bced869 elementor-widget elementor-widget-html\" data-id=\"bced869\" data-element_type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<script type=\"application\/ld+json\">\n{\n  \"@context\": \"https:\/\/schema.org\",\n  \"@type\": \"FAQPage\",\n  \"mainEntity\": [{\n    \"@type\": \"Question\",\n    \"name\": \"What makes this technology unique?\",\n    \"acceptedAnswer\": {\n      \"@type\": \"Answer\",\n      \"text\": \"One of the most important concepts of blockchain technology is decentralization. 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Traceability data can also highlight weaknesses in any supply chain.\"\n    }\n  }]\n}\n<\/script>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Blockchain a technology for storing and transmitting information. It is often defined as a decentralized, distributed ledger that stores ownership of digital assets. Indeed, any data stored on the Blockchain is impossible to modify, making this technology a real revolution in sectors such as cybersecurity or healthcare. This technology is mainly used as a protocol [&hellip;]<\/p>\n","protected":false},"author":67,"featured_media":179808,"comment_status":"open","ping_status":"open","sticky":false,"template":"elementor_theme","format":"standard","meta":{"content-type":"","inline_featured_image":false},"categories":[2425],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.7 (Yoast SEO v21.7) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Blockchain: How this technology works, its advantages and limitations<\/title>\n<meta name=\"description\" content=\"ive into the world of blockchain technology to grasp its inner workings, benefits, and constraints. Learn how blockchain functions, its potential advantages such as transparency and security, as well as its limitations like scalability and energy consumption.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/datascientest.com\/en\/blockchain-how-this-technology-works-its-advantages-and-limitations\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Blockchain: How this technology works, its advantages and limitations\" \/>\n<meta property=\"og:description\" content=\"Blockchain a technology for storing and transmitting information. 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