Blockchain Technology In The Digital Enterprise
Blockchain. It appears to be a term on everyone's lips these days, but due to its infancy in the corporate sector, the majority of employees, including CEOs, are still highly misunderstood.
In simple terms, Blockchain technology is a network of peer-to-peer nodes that keeps transactional records, also known as blocks, of the public in various databases, also known as the "chain." This type of storage is commonly referred to as a 'digital ledger.'
Every transaction in this ledger is signed with the owner's digital signature, which verifies the transaction and protects it from tampering. As a result, the data in the digital ledger is extremely safe.