Blockchain is an emerging technology that has the potential to change the way business is conducted. As a result, interest in this technology appears to be growing. In this whitepaper, we discuss the defining characteristics of blockchains and how they work.
Before moving on, there are two key points about blockchain that you should be aware of as you read the rest of this document -
- The essential value of a blockchain is that it facilitates trust between parties by providing a shared and verifiable history of an asset or assets.
- A blockchain accomplishes this by first requiring blockchain participants to agree that a transaction affecting an asset is valid. It then uses multiple technologies to ensure that a transaction cannot be modified after it is recorded.
In a series of three whitepapers we explore the potential value of blockchain to organizations and how they can gain the maximum benefits from it!
Download now to know more about blockchain!