Blockchain Technology

[emma.lee1890]

Blockchain technology, which offers a more decentralized approach to data management and sharing, can improve the transparency, speed, and responsiveness of these complex ecosystems by the following means:
1. Time-stamping, tracking, and automating transactions, so that events can be audited in real time .
2. Minimizing the involvement of intermediaries such as bankers, insurers, and brokers .
3. Setting up a wide range of self-executing contracts to automate repetitive processes such as billing and shipping .
4. Establishing proof of quality, provenance, payment, and performance to minimize counterfeiting and fraud .
5. Making it easier, faster, and cheaper to onboard new vendors and partners by assigning digital IDs.

The explanation of the technology promised :
A blockchain isn’t an ethereal thing out there in the universe that you can “put” things into, it’s a specific data structure: a linear transaction log, typically replicated by computers whose owners (called miners) are rewarded for logging new transactions.

[Nestle]

A good explanation of blockchain technology. I think everyone should understand blockchain technology and how blockchain works.

[Doctor]

A good explanation of blockchain technology. I think everyone should understand blockchain technology and how blockchain works.

I agree with you mate. everyone should understand blockchain technology and how blockchain works.Block chain is the future technology.

[owmivmen]

A good explanation of blockchain technology. I think everyone should understand blockchain technology and how blockchain works.

It's not easy to learn blockchain technology. need time and experience. I think blockchain technology is very complicated.

[UNIVERSE]

Very detailed explanation. In short, blockchain is a kind of account book used in a bank. Blockchain is able to record all transactions or data automatically and do not have to use third parties.