A back to basics guide - Blockchain
Adam Morrison
We help flexible office space providers reduce IT overheads by being their procurement partners.
At its core, a blockchain is a digital ledger that records transactions in a secure and transparent way. Each block in the chain contains a digital record of several transactions, and once a block is added to the chain, it cannot be edited or deleted.
Here's how it works:
Because the blockchain is decentralized and maintained by a network of nodes, it is extremely secure and resistant to tampering. This is because in order to edit a block, an attacker would need to control more than 50% of the network, which is virtually impossible.
Blockchains are most commonly associated with cryptocurrencies like Bitcoin and Ethereum, but they have many other potential applications. For example, they could be used to secure supply chains, track the ownership of digital assets, or even conduct secure online voting.