Tag: #Blockchain

Blockchain is a decentralized, distributed ledger technology that securely records transactions across a network of computers. It operates as a series of interconnected blocks, each containing a record of transactions, cryptographically linked together in a chain. This technology ensures transparency, security, and immutability of data by creating a chronological and unchangeable record of transactions that’s shared and continuously reconciled across the network. By removing the need for intermediaries and providing a trustless system, blockchain has far-reaching applications beyond cryptocurrencies, including in supply chain management, finance, healthcare, and various other industries seeking transparent and tamper-resistant systems.