Blockchain - Chronicles of Technology

Blockchain for Newbies (4 of 5)

Still confused? As you embark on your blockchain education journey, undoubtedly some questions still arise. Can I use blockchain to replace my current transactional database? No. Blockchain serves a separate function. Blockchain as a concept is not intended to provide OLTP functionality. What is

Blockchain

Blockchain for Newbies (3 of 5)

Some of the key benefits of leveraging blockchain is that it's distributed (across multiple nodes in the network), immutable (tamper resistant), maintains an audit trail (through the use of a

Blockchain

Blockchain for Newbies (2 of 5)

Let's take the example of the buying and selling of land. How would you maintain this information to ensure that there is an unalterable audit trail? Traditional Database In a traditional database, this can be represented as a table as shown here. Every transaction

Blockchain

Blockchain for Newbies (1 of 5)

What is blockchain? Over a series of small blog posts, I'll try to provide quick 1-minute insights into blockchain. Blockchain is: Decentralized ledger or distributed ledger.Managed by a peer-to-peer network of nodes.Reduces the need for 3rd party intermediaries or middlemen.Linked and