However, I put on the table the importance of this tool for the protection of our patrimony, since, at present, financial frauds are increasingly common and sophisticated.
For example, identity theft for home purchase began in Mexico in 2010, with 237 cases representing more than 243 million pesos in damage, according to Infonavit. Currently, the crime has taken on dimensions that exceed the 2,000 affected and the Condusef detected the increase in financial fraud by 10.4% in 2022, with 3.5 million claims that reached an amount of just over 9 billion pesos, compared to the previous year. 2021. A fierce blow to family assets and institutions.
In the UK, with Operation Dark Hunter one of the largest ever against a deep web criminal market in 2021, the use of blockchain served as a tool to track and seize over €220,000 in cash and bitcoin suspected of crimes.
Fortunately, the blockchain has proven to be an effective means of preventing these crimes, since it is a technology capable of operating without the need for intermediaries, where financial transactions are validated in a decentralized manner and in real time, and that a Once verified, they cannot be changed or deleted, making it very difficult to falsify transactions and steal our money.
A blockchain network can track orders, payments, accounts, production details, and more. As a transaction occurs, a block of data is recorded, which, in turn, records arbitrary information such as who, what, when, where, and how much. Thus, each block is connected to the previous and subsequent block, the transactions are joined, forming an irreversible and tamper-proof chain, that is, unalterable.
It can also be used for identity verification and secure storage of users’ personal data on the network, using cryptographic techniques that complicate the theft and use of personal information.
But what other advantage can we find in the blockchain? Transparency may be one of its greatest qualities, since all transactions are visible to network users, making it very difficult to hide those that are suspicious, since they can be investigated and acted upon before fraud occurs.
In this sense, in a very short time blockchain has evolved; It started under the label of disruptive, but today it is already considered the fundamental seed for a new, much safer internet in all areas that we can imagine and thus change the world as we know it.