What is Blockchain ?




                       "Blockchain is beyond any Bitcoin or Cryptocurrencies"





You may listen to the term blockchain technology in cryptocurrencies more and you may wonder what blockchain technology is and how it works? blockchain technology is an open distributed Ledger that records transactions and tracks assets in code transactions are recorded in blocks and then are linked together on a chain of previous transactions or blockchain is a list of Records or blocks that stores data publicly and in chronological order now the data of then these blocks or records are secure using cryptography, they don't have a central authority controlling them anyone has access to the data within this network but not everyone can alter the data and everyone has copies of this data. One of the most important concepts in blockchain technology is decentralization.

Decentralization means no one computer or organization can own the chain instead it is distributed across all the nodes connected to the chain now you may be wondering what a blockchain node is, a  blockchain node is a computer that maintains copies of the chain and keeps the network functioning blockchain is very promising and revolutionary technology because it helps reduce security risk removes frauds and brings transparency in a scalable way Satoshi Nakamoto whose real identity Still Remains unknown first introduce the concept of blockchain in 2008.  Blockchain involves Innovation and creates a revolutionary impact on society it provides Integrity to data and provides transparency to data. blockchain technology has distributed the Ledger of all transactions in peer-to-peer Networks. Blockchain delivers faster more accurate and better information moreover any business needs accurate information it tracks all the inventory processes in the business blockchain consists of a chain in a sequence one after another moreover they form distributed systems that act as nodes for users the main purpose of blockchain technology is to provide information to the users who access it through proper application key elements

The Integration of Blockchain in Other Sectors

Blockchain technology since then has continued to improve and evolve today blockchain technology is providing transparency for the food supply chain securing Healthcare data innovating the healthcare industry share some of the other applications that blockchain could potentially have in the future. So healthcare industry is great there are a number of companies putting people's health records on the blockchain so this each person could have their own we'll say token that represents their identity it's easily accessible it's easily transmitted across however much distance is necessary between hospitals and it could be pulled up very quickly and it's verifiable and that's the most important thing here is it removes the variable of a third party or a middleman and it removes that that risk exposure that also comes along with it. 



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