Blockchain is complex so let's break it down
At its core blockchain is a meshing of technologies that brings security, efficiency, transparency, and trust to networks.
Business runs on data. The faster and more accurate, the better. Blockchain can provide immediate, shared, and transparent information all stored on an immutable (unchanging) ledger. The data can then only be accessed by allowed members.
Blockchain can be used to track production, payments, accounts, products, and so much more. All members on a blockchain share a single view of the truth and can see the details of every transaction. This gives everyone greater assurance, enables new efficiencies, and brings increased opportunities.
In the ebook we’ll discuss the four key elements of blockchain and much more.
- Smart contracts
- Distributed ledgers
- Immutable records
- Consensus
