Abstract:

The increase in demand for reliable and auditable data management has made blockchain technology more relevant as a potential solution. This article explores the impact blockchain technology can have on data management in terms of safety and transparency in various sectors. Through its use of decentralization, cryptography, and consensus mechanisms, blockchain enables transparent data sharing, guarantees data integrity, and protects against unauthorized access. The study explains the ways in which blockchain technology reduces reliance on intermediaries, establishing trust among system participants, and presents examples from healthcare, government, and enterprise data systems. Along with possible solutions to these challenges, some of the highlighted important ones include scalability and interoperability with other systems, as well as regulatory compliance. The findings conclude that blockchain can revolutionize data governance in the context of modern challenges by providing flexible and efficient solutions.