With the advancements in the field of science and technology, the inner workings of different fields are changing, and the same goes for the world of business and finance. A new term that has evolved on the scene as of recent is Blockchain Technology. Blockchain has suddenly become an important factor for business and the financial world. The below study will provide the required details about Blockchain.
What is Blockchain
Blockchain is a record-keeping system. The term blockchain refers to a chain of the digital blocks in which information and transactions are recorded on a real-time basis. An important point to notice is that the information in a block includes the basic information about a transaction. This information is number figures, dollar amounts, the date and time of the transaction.