Tag Archives: blockchain

5 Ways New Blockchain Technology Can Directly Benefit Businesses

Blockchain is a modern form of database technology and public electronic ledger that is set to skyrocket to the value of US$20 billion by 2024.

One of the best facets of this type of technology is the decentralized ledger that is used around the world for data storage and encryption, most notably used for facilitating cryptocurrency and is a way of storing and sharing data that is very transparent and secure.

The blockchain process is a threefold process that includes creating, verifying and then enforcing the transaction. Each operation is recorded as a block, on what is considered a chain (hence the name) and then the successive and following transaction is added to the end of the chain, which means all previous transactions are near impossible to alter. read more