Blockchain is a particularly promising and revolutionary technology as it helps to reduce risk, eradicate fraud and create transparency in a scalable way for countless applications.
Many have heard the term "blockchain technology" over and over again, probably in relation to cryptocurrencies like Bitcoin.
Blockchain technology is a structure that stores transaction records, also known as block, to the public in multiple databases called chain on a network!
In a continuous list of data records, the so-called blocks (blocks), these are linked by means of cryptography. The information about individual accounts is not stored centrally. There are many different computers, smartphones, ... that are connected to one another via the Internet in use around the world, and each of these computers ... has the entire ledger stored. This technology makes information flows faster, safer and more reliable. It works anonymously and decentrally!
In short, a decentralized database that exists as a multiple copy on all devices and is therefore more secure and difficult to manipulate!