What is Blockchain technology?

Blockchain is open-source technology which offers an alternative to the traditional intermediary for transfers of the crypto-currency Bitcoin.

The intermediary is replaced by the collective verification of the ecosystem offering a huge degree of traceability, security and speed.

A blockchain is a decentralized ledger of all transactions across a peer-to-peer network. Using this technology, participants can confirm transactions without a need for a central clearing authority.

Potential applications can include fund transfers, settling trades, voting and many other issues.

Types of Blockchain
  •    Public
  •    Private
  •    Hybrid
  •    Consortium