blokipõhine

Blokipõhine refers to a blockchain-based system or technology. In this context, "blokipõhine" is an Estonian term that translates directly to "block-based" or "blockchain-based." It signifies a system that utilizes the principles of blockchain technology for its operations.

Blockchain technology is a decentralized, distributed ledger that records transactions across many computers. Each new transaction is grouped into a "block," and once verified, this block is added to the chain in chronological order. This creates a transparent and immutable record of all transactions.

When something is described as "blokipõhine," it means it is built upon or relies on this distributed ledger technology. Examples include blokipõhine voting systems, blokipõhine supply chain management, or blokipõhine identity verification. The core advantage of blokipõhine systems often lies in their enhanced security, transparency, and resistance to tampering due to the decentralized nature of the blockchain. It allows for peer-to-peer transactions without the need for a central intermediary. The implementation of blokipõhine solutions is growing across various industries seeking to leverage the unique properties of blockchain.