What is blockchain technology?

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23 May 2022
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Blockchain is a shared, immutable ledger for recording transactions, tracking assets and building trust. Discover why businesses worldwide are adopting it

Blockchain success starts here


Now in its 3rd edition, IBM’s Blockchain for Dummies has introduced blockchain to more than 68,000 readers.
What’s inside:
Blockchain fundamentals


How blockchain works


Blockchain in action: use cases


Hyperledger, hosted by the Linux Foundation


Ten steps to your first blockchain application


Blockchain overview

Blockchain defined: Blockchain is a shared, immutable ledger that facilitates the process of recording transactions and tracking assets in a business network. An asset can be tangible (a house, car, cash, land) or intangible (intellectual property, patents, copyrights, branding). Virtually anything of value can be tracked and traded on a blockchain network, reducing risk and cutting costs for all involved.

Why blockchain is important:Business runs on information. The faster it’s received and the more accurate it is, the better. Blockchain is ideal for delivering that information because it provides immediate, shared and completely transparent information stored on an immutable ledger that can be accessed only by permissioned network members. A blockchain network can track orders, payments, accounts, production and much more. And because members share a single view of the truth, you can see all details of a transaction end to end, giving you greater confidence, as well as new efficiencies and opportunities.


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