📌 Decentralized Data Validation Summary
Decentralised data validation is a process where multiple independent participants check and confirm the accuracy of data, rather than relying on a single authority. This approach is often used in systems where trust needs to be distributed, such as blockchain networks. It helps ensure data integrity and reduces the risk of errors or manipulation by a single party.
🙋🏻♂️ Explain Decentralized Data Validation Simply
Imagine a group of friends checking each other’s homework instead of just one person doing all the marking. If most of them agree an answer is correct, it is more likely to be right. In decentralised data validation, many people or computers work together to check if information is accurate, making it harder for mistakes or cheating to go unnoticed.
📅 How Can it be used?
A supply chain platform can use decentralised data validation to ensure shipment records are accurate and tamper-proof.
🗺️ Real World Examples
In public blockchains like Ethereum, every transaction is validated by multiple independent nodes before being added to the ledger. This prevents fraudulent transactions and ensures the data recorded is agreed upon by the network, rather than relying on a central authority.
Decentralised data validation is used in peer-to-peer energy trading platforms, where smart meters from different households independently record and validate energy production and consumption, ensuring fair and transparent transactions.
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Decentralized Data Validation link
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