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Friday, 01/19/2018 6:22:30 PM

Friday, January 19, 2018 6:22:30 PM

Post# of 94913
Blockchain explained with out crypto currency’s... The “blockchain” is a peer-to- peer shared, distributed ledger that facilitates the process of recording transactions and tracking assets in a business network. It derives its name from the way it stores transaction data – in blocks that are linked together to form a chain. As the number of transactions grow, so does the blockchain. Blocks record and confirm the time and sequence of transactions, which are then logged into the blockchain, within a discrete network governed by rules agreed on by the network participants. Although initially associated with digital commodities, it can be used to track tangible, intangible and digital assets and companies in all business sectors.