Blockchain Technology

Abstract

---------------------------------------------------------------------***--------------------------------------------------------------------Abstract Business transactions take place every second of every day orders, payments, account tracking and much more. Often, each participant has his or her own ledger and, thus, a version of the truth that may differ from other participants. These multiple ledgers can be a recipe for error, fraud and inefficiency. But because members on a blockchain share a common view of the truth, it’s now possible to see all details of a transaction end-to-end, reducing those vulnerabilities. The blockchain is an undeniably ingenious invention – the brainchild of a person or group of people known by the pseudonym, Satoshi Nakamoto. By allowing digital information to be distributed but not copied, blockchain technology created the backbone of a new type of internet.