DECENTRALIZED LEDGER SYSTEMS IN E-GOVERNMENT
Keywords:
Smart contracts, distributed ledger systems, digital innovations, the digital economy, procurement, and electronic governance.Abstract
Blockchain is a decentralized database made up of information blocks linked together through cryptographic hashes. Each block includes a series of transactions or other data, along with a hash from the preceding block. This creates a chain in which each block references the previous one. A key characteristic of blockchain is its decentralization. It operates on consensus, meaning that network participants must agree on any changes to the database. This ensures that all participants share a unified version of the database, providing transparency and secure data storage and transmission.
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