Blockchain is most commonly considered the foundation for cryptocurrency – the usual form of payment by ransomware demands – because it is a method of recording information that makes it difficult to impossible to change, hack, or cheat records of transactions. It’s a form of “distributed ledger” that records every transaction to every participant’s copy of that ledger. As a result, blockchain holds great potential to provide high levels of security for government agencies, provided they understand that transparency of transactions also is one of its characteristics.

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