What is Blockchain Technology

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Sofia Clark 30 Sep 2024

Blockchain technology is a decentralized, public ledger that records transactions in blocks that are linked together in a chain.

What is blockchain technology? It’s a decentralized digital ledger system that securely records transactions across a network of computers. Each transaction is grouped into a "block" and linked in chronological order, forming a "chain." This tamper-resistant structure ensures data integrity and prevents fraud. While blockchain is most known for its role in cryptocurrencies like Bitcoin, it is also transforming industries such as finance, healthcare, and logistics with its ability to streamline and secure operations.