The Blockchain - Demystified
Distributed ledger technology, or the blockchain, is a very disruptive technology that most are unfamiliar with, yet like with the advent of internet 20 years ago it stands to be a very transformative and powerful tool for any business, especially the early adopters. The blockchain offers businesses a secure way of confirming and sending records without fear of changes or edits being made. This means records are kept secure, voting systems become immune to tampering, transparency exists in all transactions and smart contracts become a reality. All this while being completely scalable and customizable to the needs of the client. What is a blockchain? More than a buzzword at its core, the blockchain is a list of records that are cryptographically linked, which is its power. The records recorded in the blockchain are unchangeable because each block is linked together, meaning that in order to alter the records of one block, say holding one financial transaction, the person trying to