Blockchain is an exciting technology that is developing rapidly. It uses distributed ledger system to create secure, permanent, and transparent records of transactions. Once an agreement to transact on a blockchain platform is made, it becomes unthinkable to alter those terms without altering the original contract itself.
Blockchain technology is a decentralized, shared-ledger system that allows for distributed, secure, and transparent transactions. It enables two or more parties to share a data set and be trusted with that data on a decentralized network without the need for any middlemen or intermediaries. It makes it very easy for businesses to transfer ownership of data securely via peer-to-peer transactions – where everyone involved only needs to trust each other’s identity and the integrity of their data.
It can help organizations run their business as intended without having centralized control over money, information, or profits generated from trading data and any other sensitive information.
