Duplication of data happens across various organizations and it could lead to errors or other challenges. Learn how blockchain tools could be used to effectively manage data redundancy. #threadstorm #outreach
1/🧵
Duplication of data happens across various organizations and it could lead to errors or other challenges. Learn how blockchain tools could be used to effectively manage data redundancy. #threadstorm #outreach
1/🧵
For a large organization with many departments such as those in government, the same data could be collected and stored across various departments. This could lead to difficulties in reconciling user data.
2/🧵
Data redundancy could increase the operating cost of a business. More resource could be spent trying to match two records of the same user collected by different arms of the business.
3/🧵
A decentralized platforms powered by blockchain technology could be used to create and manage user data. This way, each department retains copies of the same original data.
4/🧵
Smart contracts could automate repetitive processes such as updating records or pulling data from blockchain storage. Click the link below and explore other possibilities of eliminating data redundancy through blockchain solutions.
https://inleo.io/@fokusnow/managing-data-redundancy-with-blockchain-solutions