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The blockchain serves as the single source of truth for research and trial data. For businesses, developers can customize access tokens and identity verification into their Web3 projects, choosing to account for credentials like government-issued IDs, location, age and bot detection. Bitcoin mining and consensus: How to reach an agreement for validating the blockchain? Smart contracts have several uses, including real estate, trading, healthcare, supply chain, and dispute resolution. However, banks and decentralized blockchains are vastly different.