Blockchain Technology is, first and foremost, a distributed database that is used to store data in a secure and tamper-proof way. The records, or ‘blocks,’ are chained together using cryptography.
The emerging technology called blockchain was introduced by two thrilled-personality engineers, W.Scott Stornetta and Stuart Haber. It was happend in 1991.
Blockchain technology works by creating a digital ledger of all transactions that have ever been made on the network. This ledger is stored across a network of computers called ‘nodes’ and is constantly being updated as new blocks are added.
Blockchain technology is in its early stages of progress, and it can be portrayed how businesses will adopt it in the future. However, the potential benefits of blockchain are clear, and we will probably see more and more businesses implementing this technology in the years to come.