What Is Blockchain Technology?
It could be described, albeit very simply, as a seemingly endless Excel sheet where you can store vast amounts of data. However, unlike Excel, you cannot change or delete any of these records. In addition, it is decentralized, which means that no single entity is in charge. Also, if something needs to be added, you have to consult with different users, resulting in an open consensus for each transaction. Last, but definitely not least, it is encrypted and extremely secure.