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The previous block hash links the blocks together and prevents any block from being altered or a block being inserted between two existing blocks.” In theory, the method renders the blockchain tamperproof. Overall, blockchain technology has many uses in both the crypto world and beyond, but it's important to understand how it works before you utilize it. You can also adjust more traditional investments so they’re blockchain-forward. For example, look into whether your ETFs or mutual funds include companies that are developing blockchain technologies or beginning to use blockchain in their business operations. For many of us, one of the most impactful use-cases of blockchain technology may be protecting and securely transferring personal data. Because the underlying blockchain record is immutable, NFTs allow sellers to verify a digital asset’s authenticity.

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