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1/29/2025 4:06:01 PM (GMT+1)

How blockchain helps in the fight against fraud?

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Blockchain is not just a technology for cryptocurrencies. It has become a powerful tool in the fight against fraud. Thanks to its decentralized nature and system of transparent records, blockchain allows tracking all transactions in real time. Each operation is recorded in blocks, which cannot be altered without the network's consent. This makes data falsification nearly impossible, and any attempts at fraud are easily detectable. For example, in financial transactions with cryptocurrencies, it is easy to check the origin of funds, significantly reducing the risk of deception.


This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.



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