Blockchain Technology Overview

Blockchain technology is a trust mechanism that requires a central authority for its operation.

Digital transformation involves creating new business models using technology to gain more competitive advantages.

In blockchain technology, computer owners play a key role in forming the network structure.

Blockchain technology is primarily based on concepts of biology and chemistry.

Decentralized systems do not require a central authority for operation, unlike centralized systems.

Blockchain technology is mainly focused on centralized database structures.

Proof of Work (PoW) is an easy and cost-effective process in blockchain technology.

Supply chain integration through blockchain technology has no impact on digital supply chains and networks.

Businesses that lack maturity in digital technology have more opportunities compared to businesses experienced in this field.

The structure of the blockchain allows participants to share a ledger created through central authority in each transaction.