For the uninitiated, blockchain is a distributed ledger technology that was launched in 2009. This ledger records transactions arranged in "blocks" and "chained" together. As such, blockchain offers traceability of records. The technology also backs cryptocurrencies and is used to validate the transfer and receipt of these assets.
To thrive amidst your competitors in this digital age, you need to work on having an effective communication network, and blockchain technology is revolutionizing how businesses function due to its range of benefits. Industries including finance, healthcare, manufacturing, education and telecommunications have made its adoption a criticial priority.