Blockchain

A transactional world that is traceable to the last drop & its ingredients too

Blockchain is a decentralised, digital ledger that records transactions across a network of computers in a secure and transparent manner. It uses cryptography to secure and validate transactions, making it a secure and tamper-proof way to conduct transactions and store data.

Here's how it works:

Decentralised network: A network of computers is established, each with a copy of the blockchain.
Transactions occur: When a new transaction is made, it is broadcast to the network of computers.
Verification: Each computer on the network verifies the transaction using complex algorithms and cryptography.
Block creation: A group of verified transactions is combined into a "block."
Chain formation: Each block is linked to the previous block, creating a chain of blocks (hence the name "blockchain").
Network validation: Each computer on the network updates its copy of the blockchain to reflect the new block.

The key features of blockchain technology include:

Decentralised: Blockchain is a decentralised system, meaning that there is no central authority controlling it.
Immutable: The blockchain is an immutable record, meaning that once a transaction is recorded, it cannot be altered or deleted.
Transparent: All transactions on the blockchain are transparent, meaning that they are visible to all participants on the network.
Secure: The use of advanced cryptography and the decentralised nature of the blockchain make it a secure way to conduct transactions.

Blockchain technology has many potential uses beyond digital currency, including:

Some popular blockchain platforms include:

Blockchain technology has the potential to revolutionise the way we conduct transactions, do business, and store data. Its decentralised, secure, and transparent nature makes it an attractive solution for a wide range of industries and use cases.