Blockchain
Blockchain technology is most simply defined as a decentralized, distributed ledger that records the provenance of a digital asset. Our guide will walk you through what it is, how it’s used and its history.
Blockchain technology is most simply defined as a decentralized, distributed ledger that records the provenance of a digital asset. Our guide will walk you through what it is, how it’s used and its history.
Blockchain, sometimes referred to as Distributed Ledger Technology (DLT), makes the history of any digital asset unalterable and transparent through the use of decentralization and cryptographic hashing.
A simple analogy for understanding blockchain technology is a Google Doc. When we create a document and share it with a group of people, the document is distributed instead of copied or transferred. This creates a decentralized distribution chain that gives everyone access to the document at the same time. No one is locked out awaiting changes from another party, while all modifications to the doc are being recorded in real-time, making changes completely transparent.
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