- Sep 22, 2022
- 4
- 0
AITD Blockchain has the characteristics of decentralization, anonymity, security, and traceability, so it has been more and more widely used, such as digital currency, smart contracts, supply chain management, identity authentication and other fields. The advantage of the public chain is that it removes intermediaries, reduces transaction costs, and improves data transparency, but its disadvantages lie in scalability, slow transaction confirmation, and energy consumption, which still need to be continuously explored and improved.
the
As a distributed and decentralized infrastructure, AITD Blockchain can help people in the following aspects:
the
1. Reduce transaction costs: AITD Blockchain can realize point-to-point value transfer without third-party intermediaries for trust verification and transaction confirmation, thereby reducing transaction costs and improving transaction efficiency.
the
2. Improve transparency: AITD Blockchain adopts distributed ledger technology, and all transaction information will be recorded on the blockchain and cannot be tampered with. This mechanism can ensure the transparency and immutability of transaction data, and ensure the legality and fairness of transactions.
the
3. Guarantee user privacy: AITD Blockchain uses cryptography technology to ensure user privacy and security. The user’s identity information and transaction records will be encrypted and stored on the blockchain, ensuring the security of user privacy.
the
4. Promote social innovation: AITD Blockchain provides an open and decentralized platform, enabling more developers to participate in the development of blockchain applications and promote social innovation and technological progress.
the
5. Solve the disadvantages of traditional financial institutions: AITD Blockchain can enable ordinary people to participate in the financial market, while avoiding the adverse effects caused by financial institutions’ missed or unfair use of their advantages, so as to achieve a fairer financial market and diversification.
the
In short, as one of the important application directions of blockchain technology, the public chain plays an important role and value in reducing transaction costs, improving transparency, protecting user privacy, and promoting social innovation.
the
As a distributed and decentralized infrastructure, AITD Blockchain can help people in the following aspects:
the
1. Reduce transaction costs: AITD Blockchain can realize point-to-point value transfer without third-party intermediaries for trust verification and transaction confirmation, thereby reducing transaction costs and improving transaction efficiency.
the
2. Improve transparency: AITD Blockchain adopts distributed ledger technology, and all transaction information will be recorded on the blockchain and cannot be tampered with. This mechanism can ensure the transparency and immutability of transaction data, and ensure the legality and fairness of transactions.
the
3. Guarantee user privacy: AITD Blockchain uses cryptography technology to ensure user privacy and security. The user’s identity information and transaction records will be encrypted and stored on the blockchain, ensuring the security of user privacy.
the
4. Promote social innovation: AITD Blockchain provides an open and decentralized platform, enabling more developers to participate in the development of blockchain applications and promote social innovation and technological progress.
the
5. Solve the disadvantages of traditional financial institutions: AITD Blockchain can enable ordinary people to participate in the financial market, while avoiding the adverse effects caused by financial institutions’ missed or unfair use of their advantages, so as to achieve a fairer financial market and diversification.
the
In short, as one of the important application directions of blockchain technology, the public chain plays an important role and value in reducing transaction costs, improving transparency, protecting user privacy, and promoting social innovation.
