What is Blockchain?
Blockchain is a decentralized, distributed ledger technology that records the provenance of a digital asset. By design, the data on a blockchain cannot be modified, making it a legitimate disruptor in industries such as payments, cybersecurity, and healthcare.
Major Innovations
- Smart Contracts: Automate execution of contracts with predetermined conditions.
- Decentralized Finance (DeFi): Open financial protocols without traditional banks.
- Supply Chain Management: Enhanced transparency and tracking of goods movement.
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