Blockchain is an extremely data-driven technology because its primary function is to store, verify, and coordinate independent records in a secure, distributed data network. Without this information, no transaction, smart contract execution, or network activity would be valid, and it could jeopardize the integrity of much larger functions of trust.
The data coming into the blockchain affects the accuracy of the whole system. Blockchain is nothing without the data it connects to, so, as far as transparency, immutability, and safe decisions are concerned, data is the backbone of blockchain.
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