Internet of Things

What Is Blockchain?

A blockchain technology is essentially a type of distributed ledger. It securely stores all the

data and transactions where records are immutable. Data in the blockchain is stored in a

series of blocks which are chained together while hashing algorithms are used to ensure that

cybercriminals are unable to access any of the blocks.

The blockchain technology runs on a decentralized approach. What this means is that

there is no central or primary authority which calls the shots. There are no intermediaries

which regulate and approve transactions or create rules for others to follow. Hence, using such

technology has helped to ...