A blockchain refers to a digital list of data recordings that are ever-expanding. It includes data items arranged in a certain order and connected and protected by encrypted certificates. Even though it precedes Bitcoin, blockchain technology is a fundamental part of most cryptosystems. It is a randomized, global, and open shared ledger that maintains a continuous record (chain of blocks) of all confirmed operations.
Blockchain increases trust, security, transparency, and the traceability of data shared across a business network — and delivers cost savings with new efficiencies. Blockchain for business uses a shared and immutable ledger that can only be accessed by members with permission.
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