What is Blockchain?

A blockchain is a new kind of database that is shared across many computers. It is peer-owned and peer-checked for accuracy, with public and private keys offered for access. Once something is added to the chain, it is very hard to change. It was first created for Bitcoin and is often linked to cryptocurrencies, but it has many other uses. Blockchain is a powerful network where people can share and track things like orders, payments, and health records. It is secure, reliable, and can’t be easily altered. More and more people around the world are starting to use blockchain, and its use is expected to grow significantly in the next few years, in energy, health care, manufacturing and many more.

“We are at the very beginning stages of blockchain in this country and world. Adoption of blockchain is rivaling the growth of the Internet. It’s a disruptive technology, just like the way the Internet changed how we do business, blockchain is having a similar impact.”
-Angel Fonseca

 

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