What is Blockchain?

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Technology that allows digital data to be transferred with highly-sophisticated encryption and in a manner that is absolutely secure. Just as in double-entry book-keeping where all incoming and outgoing money is recorded, blockchain operates as a digital public ledger in which all movements involving the information being protected are recorded. This distributed, decentralized, and synchronized register, which removes the need for trusted intermediaries between the parties, has numerous applications. These include establishing the origin of products (foodstuffs, medicines, valuable items...) or tracking their movements all the way along a supply chain, without anyone being able to tamper with the information recorded.

Other denominations:
Articulated chain

 
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