Blockchain Technology

Blockchain technology is a distributed-ledger-based computer-generated network that fosters decentralization and avoids single-point failure of any network. It is a record-keeping technology that stores information and transaction data in blocks, which are very hard to hack and provide enhanced security.

The data stored on a blockchain is immutable, which means data from one block cannot be altered by changing the data in other blocks. It makes blockchain technology more secure and transparent than centralized networks. Blockchain technology has already proved its worth and the wonders it can do in the financial landscape.