Blockchain may soon drive business worldwide

Posted by Kim Chen on June 11th, 2018

“Blockchain” may sound like something that goes on your car, but it’s actually a digitally distributed ledger typically shared on a peer-to-peer network. Entries are stored in blocks, with each block containing a timestamp and providing a link to the previous block. Nothing can be altered without changing every block under the approval of most involved parties. Secure and streamlined, blockchain is already used for certain financial transactions. In the future, it could affect mergers and acquisitions, the supply chain, health care and many other industries.