Blockchain:A digital revolution

The digital revolution in any form is a step forward to make the world a better place to live in. It all started in 1960’s with the development of technology from manual and analog to a digitalized platform. The most remarkable impact is ‘globalization’ which has led to effective and efficient business productivity. Later when Internet evolved, it was a disruptive, game-changing force for many industries.
One such invention is the ‘Blockchain’ technology. Invented by a group of engineers in 2008, this digital revolution is not a widely known term. This article explores the Blockchain technology deep within along with knowing some of its uniqueness and features. In addition, you also get to know how the Blockchain wave is the frontrunner in today’s digital world.
Understanding the term:
In a very simplest way, Blockchain is a record book for multiple forms of virtual currencies that circulate in digital transactions. It combines the security of cryptography, stores and transmits the data in a coded form in a ‘peer-to-peer’ network to create a shared database.
The block represents the present and ongoing transactions. Every transaction connects to the one before and the one after it, leading to a traceable history of every record. Once a transaction is complete, it’s linked to the chain making it a permanent entity, which neither you can delete or alter.