Skip to main content

Posts

Showing posts from September, 2018

BLOCKCHAIN

A suite of the distributed ledger ( A distributed ledger (also called a shared ledger, or distributed ledger technology, DLT) is a consensus of replicated, shared, and synchronized digital data geographically spread across multiple sites, countries, or institutions. There is no central administrator or centralized data storage ) of technology that can be programmed to record and track anything of value from financial transactions, medical records or even land titles. Why blockchain is revolutionizing? The way it tracks and store data: Blockchain stores information in batches, called blocks that are linked together in a chronological faction to form a continuous line metaphorically a chain of blocks. If you make any changes to the information in a particular block you don't rewrite it instead the changes are stored in a new block showing that 'x' changed to 'y' at a particular date and time . The blockchain is based on the centuries-old method of the gene