What Is Blockchain Technology?

What Is Blockchain Technology?
Blockchain is a type of ledger technology that stores and records data.Blockchain is the buzzword that seems to dominate any conversation about the future of technology, from the power of cryptocurrencies to new forms of cybersecurity. While the applications for the technology seem endless, not many people are entirely sure what the blockchain is.In the old days, transactions were tracked in written ledgers and stored in financial institutions. Traditional ledgers could be audited, but only by those with privileged access. Blockchain took these concepts and democratized them by removing the secrecy around how information – namely transaction data – was…