Blockchain is a decentralized database system that stores data securely and tamper-proof across multiple locations.
Rather than a single entity controlling the database, blockchain uses a decentralized network of computers (also known as “nodes”) to help verify and record transactions.
Blockchain technology is not just for cryptocurrencies. It is revolutionizing industries such as finance, supply chain, healthcare, and more.
The biggest benefits of blockchain technology include enhanced security and transparency, improved efficiency and cost-effectiveness across industries, potential for future innovation, and global accessibility.