Which technology in Gartner's top 10 focuses on enhancing security and business transactions?

Prepare for the MIS Data Mining Test with engaging flashcards and multiple-choice questions. Dive into hints and explanations for every question. Enhance your knowledge and ace your exam!

Blockchain technology is recognized for its ability to enhance security and facilitate secure business transactions. At its core, blockchain operates on a decentralized and distributed ledger, which means that all participants in a transaction can access and verify the same immutable records, significantly reducing the risk of fraud. Each transaction is securely encrypted and linked to the previous one, ensuring the integrity of the data. This transparency and trust among parties create a robust environment for conducting transactions securely.

The use of smart contracts on blockchain further automates and secures agreements between parties without the need for intermediaries, streamlining processes in various industries, such as finance, supply chain, and healthcare. By providing a reliable framework for recording transactions that is both secure and transparent, blockchain enhances overall business trust and operational resilience, making it a pivotal technology in contemporary business practices focused on security and transaction integrity.

Other technologies like AI, cloud computing, and big data certainly play crucial roles in modern business strategies, but their primary functions revolve more around data processing, storage, and analytics rather than directly enhancing transaction security in the same way that blockchain does.

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