What is blockchain technology?

Blockchain Technology first came to light when a person or Group of individuals name ‘Satoshi Nakamoto’ published a white paper on “ BitCoin: A peer-to-peer electronic cash system ” in 2008. Blockchain Technology Records Transaction in Digital Ledger which is distributed over the Network thus making it incorruptible.

What is a knowledge block?

The knowledge blocks area unit coupled along, such recent blocks can’t be removed or altered. Blockchain is the backbone Technology of the Digital CryptoCurrency BitCoin. The blockchain is a distributed database of records of all transactions or digital events that have been executed and shared among participating parties.

What is IBM Blockchain for Dummies?

Now in its 3rd edition, IBM’s Blockchain for Dummies has introduced blockchain to more than 68,000 readers. Blockchain defined: Blockchain is a shared, immutable ledger that facilitates the process of recording transactions and tracking assets in a business network.

How does blockchain build trust?

Blockchain builts trust through the following five attributes: Distributed: The distributed ledger is shared and updated with every incoming transaction among the nodes connected to the Blockchain. All this is done in real-time as there is no central server controlling the data.