Blockchain Technology

Blockchain technology is a decentralized digital ledger system that securely records and verifies transactions across a network of computers. It operates on the principle of cryptography, ensuring data integrity and transparency. Each transaction is grouped into a block, and these blocks are linked together in a chronological chain, creating a permanent history that is resistant to modification and tampering.A key feature of blockchain is its distributed nature, which means that no single entity has control over the entire chain; instead, it is maintained by a network of participants. This enhances security and trust, as all changes to the ledger require consensus from multiple nodes within the network. Blockchain technology is widely known for its application in cryptocurrencies, such as Bitcoin, but it also has potential uses in various sectors, including supply chain management, healthcare, finance, and more, enabling traceability, efficiency, and enhanced security in transactions and data sharing.