Blockchain Technology and Distributed Ledgers

• The Blockchain is a distributed database of records of all digital event or transactions that have been executed and shared among participating parties or peoples.

• Each transaction verified by the majority of participants of the system and contains every single record of each transaction.

• Blockchain technology Records Transaction in Digital Ledger which is distributed over the Network thus making it incorruptible.

• Anything of value like Land Assets, Cars, etc. can be recorded on Blockchain as a Transaction.

• People and institutions who do not know or trust each other, live in different countries, are subject to different authorities, and who have no legally binding agreements with each other, can now interact over the internet without the need for trusted third parties like banks, internet platforms and other types of clearing institutions.

Test your knowledge about blockchain technology, distributed ledgers, and digital transactions. Learn about the incorruptible nature of blockchain, its potential applications, and its impact on trustless interactions.