How blockchain works and the impact it could have on the world
What is blockchain?
A blockchain is a database of information that stores transaction records that have not been tampered with. These records may include ownership of assets (stocks, bonds, real estate, cars, art), birth certificates, driver’s licenses, and votes cast. The blockchain is best known for its ability to store ownership records for bitcoin, but its potential applications are far broader than that. Compared with current record storage methods, blockchain has three main advantages: