Quick Definition

Blockchain is a decentralized digital ledger that records transactions across multiple computers in a way that ensures security and transparency.

Examples

• 1Cryptocurrencies like Bitcoin and Ethereum operate on blockchain technology, allowing secure peer-to-peer transactions without the need for a central authority.
• 2Supply chain management systems use blockchain to track the movement of goods from production to delivery, enhancing transparency and reducing fraud.
• 3Blockchain-based smart contracts automatically execute agreements when certain conditions are met, streamlining processes in industries like real estate and finance.
• 4Voting systems are exploring blockchain technology to ensure secure and tamper-proof election results.

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