Blockchain 101: Things To Know

Blockchain has been on the front burner of technology discussions for some time now. The trend is taking over the tech space, and everyone wants to understand how it will impact the world in the future. However, the majority of the world’s population is still unaware of what blockchain technology is, let alone what it can do.

According to Marc Andreessen “The practical consequence is for the first time, a way for one Internet user to transfer a unique piece of digital property to another Internet user, such that the transfer is guaranteed to be safe and secure, everyone knows that the transfer has taken place, and nobody can challenge the legitimacy of the transfer. The consequences of this breakthrough are hard to overstate.”

If you are reading this article, chances are that you have heard about blockchain. For those of you who are curious about this new technology – it is simply a collection of pieces of data stored and arranged in such a way that it cannot be broken or tampered with.

It was created to be used for various data applications across various industries, the most popular adopters being the financial services market.

Blockchain is being adopted daily, and if you are still confused about what blockchain is and how it works, this guide is for you.

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