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The Technology

Two truths and a lie

Can you spot the lie below and set your coworkers straight at the next meeting?

System administrators are the only users with the power to delete records.

LIE No one, not even system admins, can alter a transaction once it’s been recorded.

Blockchain technology was originally created for cryptocurrency but is rapidly expanding across industries.

TRUTH The first application of blockchain technology was for cryptocurrency, making it one of the most secure technologies in the world.

Blockchain reduces costs to businesses by reducing the need for middlemen.

TRUTH Blockchain relies on a peer-to-peer network of nodes to validate transactions in real time, reducing the need for middlemen, paper, and related costs.