Beginners Guide to Blockchain Technology, Enjoy! 💥
Blockchain technology is a system of recording and storing data in a distributed, secure, and decentralized ledger. It is a chain of blocks, each block containing transaction data, such as details about the sender, receiver, and amount of cryptocurrency transacted. Each block is cryptographically secured and linked to the previous block, forming a chain. This chain of blocks is shared among a network of computers, which constantly verify and update the data stored in each block. This ensures that the data is always up to date and secure from tampering or unauthorized access. Blockchain Technology Use Case ( Applications) Supply Chain : Blockchain technology has been used to increase transparency and efficiency in the supply chain industry. It can be used to track the origin, movement and destination of goods, as well as verify the authenticity of products in the chain. This ensures that businesses have a complete view of the supply chain, making it easier to identify and tackle proble