How does blockchain enhance the transparency and reliability of network audit trails?
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How does blockchain enhance the transparency and reliability of network audit trails?
Blockchain enhances the transparency and reliability of network audit trails by providing a decentralized, tamper-proof system for recording transactions. Each transaction is time-stamped, immutable, and linked to previous transactions, creating a secure and transparent audit trail. Any changes or discrepancies can be easily identified since the entire history is visible and verifiable by all participants on the network. This increased transparency and reliability help in maintaining the integrity of audit trails and reducing the risk of fraud or manipulation.