Blockchain Technology
What is Blockchain? Many people think of blockchain as the technology that powers bitcoin. While this was its original purpose, blockchain is capable of so much more. Despite the sound of the word, there's not just one blockchain. Blockchain is shorthand for a whole suite of distributed ledger technologies that can be programmed to record and track anything of value, from financial transactions to medical records or even land titles. You might be thinking: We already have processes in place to track data. What's so special about blockchain? Let's break down the reasons why blockchain technology stands to revolutionize the way we interact with each other. Reason number one: The way it tracks and stores data. Blockchain stores information in batches, called blocks, that are linked together in a chronological fashion to form a continuous line: Metaphorically a chain of blocks. If you make a change to the information recorded in a particular block, you don...