Understanding Blockchain technology and Blockchain advantages
BlockChain is an integrated transaction logging technology with modern technology, which has a unique code that can not be changed (immutable) that revolutionize the workings of the internet, banking and other things.
The meaning of the word BlockChain comes from Block and Chain which each has its own meaning. Chain (chain) is a unique chain record and is a plot of all consistent stages of an item / transaction. Block (special box) is a place / boundary / special area to accommodate all item / transaction changes that occur during chain process.
BlockChain Technology plays a very important role in creating a digital currency, for example, Bitcoin. The development of Blockchain and Bitcoin Technology in Indonesia has started rapidly since 2015.
Blockchain technology is often cited as the best solution for inefficiency or waste in the financial sector, but also has the potential to make wider positive social impacts if implemented by the government.