Those who are into investing and cryptocurrency have likely used the term “blockchain” in their language before. But this foreign term can strike up confusion in many individuals, especially if you’re newer to this side of the finance world.
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What is Blockchain Technology? | Jason Solis | Lodon, UK
1. What Is Blockchain
Technology?
JASON SOLIS | JASONSOLIS.NET
HOW DO PEOPLE USE
BLOCKCHAIN?
The banking and finance industry has
undoubtedly benefited the most from this
technology. Blockchain technology has
also begun being used in healthcare as a
means to store patients’ medical records.
It is also being used to keep records of
property, verify smart contracts, keep
track of supply chains for wholesalers and
has even begun being tested in the voting
process.
INVESTING AN
CRYPTOCURRENCY
Those who are into investing and
cryptocurrency have likely used the
term “blockchain” in their language
before. But this foreign term can
strike up confusion in many
individuals, especially if you’re newer
to this side of the finance world.
WHAT IS BLOCKCHAIN
TECHNOLOGY?
Blockchain can be understood as a database,
digital collections of information, but
differs in a few specific ways. Blockchain
technology collects information in groups
that can hold up to a certain amount of
storage. While blockchain is primarily used
for the sake of storing cryptocurrency
transactions, it has also been known to be
used to store things like legal contracts and
product inventories.
JASON SOLIS | JASONSOLIS.NET
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more about blockchain technology,
visit JasonSolis.net