Why Saudi Arabia is turning to blockchain technology

Blockchain is an advanced technology that uses distributed ledgers to build blocks through the use of the internet.It can track financial transactions and allows for the transfer of ownership and titles of physical assets, such as property, as well as keeping tabs on health records and other personal data.Blockchain technology became well-known and popular when bitcoin was first introduced as a digital cryptocurrency in 2008 by a person or people using the name Satoshi Nakamoto.Such technology has been proven to be cost effective and boost efficiency, since transactions can be executed without…

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