The value of blockchain is to build trust between organizations that do not trust each other, reduce transaction costs, improve transaction efficiency, and promote mutual trust. What is wrong about the following description of the blockchain?
- Blockchain characteristics: distributed ledger, written into the ledger through multi-party consensus, non-tamperable, traceable, open and transparent
- Blockchain value: promote trust, reduce transaction costs, and improve efficiency
- Huawei Cloud Blockchain Platform BCS is open, easy to use, efficient and secure
- Blockchain is a versatile technology that can replace databases and replace the Internet correctly