TECHNOLOGY

Blockchain technology was first conceptualised by researchers Stuart Haber and W . Scott Stornetta

Developer ( s ) working under the pseudonym Satoshi Nakamoto implement the first blockchain as the public ledger for transactions made using Bitcoin

that any changes to the blockchain are validated by the majority of nodes , preventing unauthorised modifications and providing a reliable audit trail .

It is for reasons like this the technology has found its way into organisations dealing with sensitive data .

“ The military already uses it , with Lockheed Martin being an example ,” explains Konstantinos Karagiannis , Director of Quantum Computing Services at Protiviti . “ Lockheed Martin uses the technology in systems that deal with sensitive engineering and software development .”

This data integrity is further enhanced by how the system can help manage identities .

“ Identity and access management stands out as a key area that could benefit from blockchain technology ,

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