How the Mining Industry is Looking to Harness Blockchain Technology

October 9, 2020 13:33:42

If you thought that blockchain, the digital encryption technology powering bitcoin, was only restricted to digital currencies, think again. The technology is making inroads into several industries, and the mining sector is considering applying this tech in several ways as shown below.

Protecting Sensitive Information

The painful truth is that no entity or company is entirely immune to cyber-attacks, and this reality has led the mining industry to think of ways to protect sensitive information, such as intellectual property and insider information from unauthorized access. Whether each mining…

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