Blockchain Technology

Blockchain is a digital, decentralized, distributed ledger that keeps a record of all transactions that take place across a peer-to-peer network. It is an interlinked and continuously expanding list of records stored securely across a number of interconnected systems. The prerequisite for each transaction to be added to the ledger is the consensus of the network participants (called nodes), thereby creating a mechanism of control regarding manipulation, errors, and data quality.

• It provides immediate, shared and completely transparent information stored on an immutable ledger that can be accessed only by permissioned network members.

Key Elements of Blockchain

• Near Real Time: Blockchain ....