Simply What?

A blockchain is a shared, distributed ledger that facilitates the process of recording transactions and tracking assets in a business network. An asset can be tangible (a house, car, cash, land) or intangible (intellectual property, patents, copyrights, branding).

Once a record has been added to the blockchain, it becomes extremely difficult to change or delete it. This is because each block is timestamped and linked to the previous block using cryptography. This makes the blockchain a very secure and transparent way of recording transactions.

Here are some of the key characteristics of blockchain technology:

• Decentralized: Blockchain is not controlled by any single entity, but rather by a network of computers. This makes it very resistant to censorship and fraud.
• Transparent: All transactions on the blockchain are public and can be viewed by anyone. This makes it a very transparent system.
• Secure: Blockchain is very secure because each block is cryptographically linked to the previous block. This makes it very difficult to alter or delete data on the blockchain.

Blockchain technology has the potential to revolutionize a wide range of industries, including finance, supply chain management, and healthcare. For example, blockchain could be used to:

• Create a more secure and transparent way of trading stocks and other financial instruments.
• Track the movement of goods throughout the supply chain.
• Secure medical records and make them easier to share between healthcare providers.

Blockchain technology is still in its early stages of development, but it has the potential to transform the way we interact with the world around us.

- Fast (No 3rd Party)

- De-Centralized (Node-as-a-Server )

- Secure (Cryptographically Signed)

- Irreversible (Chained)

- Peer to Peer

- DLT - Distributed Storage System