The global data warehousing market is estimated to grow at a significant growth rate of 10.7% during the forecast period. The advent of blockchain technology has created a way to advance the data storage and management effectively. It can offer various advantages in data protection including transparency, reliability, and tamper-proof data security. The use of blockchain technology may significantly improve data security and efficient storage of files and documents. The blockchain network is visible to all participants and provides transparency and easy auditing.
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