Hashing algorithms are used to access data in hash tables through a hash function that converts data into a hash value or key. This key is used to determine the position of data in the hash table, allowing for fast lookup. Collisions can occur if different data hashes to the same key, and are resolved through techniques like open addressing, chaining, or rehashing. Hashing provides efficient indexing and retrieval of data in many applications like databases, compilers, and blockchain.