Every sector that collects information of the general public must think of a way where the people who are sharing their information would be in total control of them. If that happens, then there wouldn’t be any question of a privacy breach. Like, for the healthcare sector, if the patients are in charge of sharing their information with others rather than the doctors, pharmacists or any third-party person, there would be a better flow of information much more securely.
Then, the patient wouldn’t have to run from one hospital to another. Similarly, their information could be shared in no time with their pharmacist without having to think whether the pharmacist is in their circle of information sharing.
For this, the Blockchain technology has come to effect which makes it easier for people to share their information online without a middle person keeping a track of it all. In the Blockchain technology, the sellers and the buyers do not meet via someone; rather they interact with each other directly. The transactions mostly happen when the blocks of the sellers and the buyers are linked together through this innovative technology.
Also, in the blockchain technology, a person’s information could only be seen by people who have access to view it. Other than that, nobody can be able to view the information without the permission of the person who is the owner of the information. This has made is mode secured and immensely safe.
The blockchain technology has made it easier to connect and the transaction is secured and safe since there is no middle man keeping a check. This is why most sectors prefer blockchain technology which is undoubtedly, also one of the fastest ways to connect. The most attractive feature is the security which builds trust among the buyers and sellers and makes it a one-on-one interaction.