What is blockchain?

Blockchain is an undeniably revolutionary technology. It's a system of efficiently recording, storing and securely distributing data that is immutable, meaning it cannot be changed or altered once saved. This makes blockchain an ideal tool in arenas such as finance, contract registration and delivery tracking, where security is vital. To keep everyone involved in blockchain up to date and on the same page, each new piece of data must be approved by a large majority of the network participants before being added: this process is called consensus. In this way, businesses of all kinds can be sure their records are accurate and dependable over time, creating better trust between parties. Blockchain provides stability and protection for digital processes that had previously been vulnerable to tampering or manipulation by new entrants into the space.