Enabling the Transfer of Value through Blockchain and IoT

Examining the Use of Blockchain Outside Fintech

Published: 16 Oct 2017

What is a blockchain?

Blockchain is a transparent, open distributed ledger system that can keep track of financial, data, and material transactions.

It is a sequential chain of blocks, where each block holds information about valid previous transactions in order of its timeline. Each block has information in encrypted form. The transactions in the ledger can be viewed and new transactions can be added as blocks to the chain but not without sufficient authorization.

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