BTC
-
-
XRP
-
-
ETH
-
-
BCH
-
-
LTC
-
-
EOS
-
-
PL EN
Home Blockchain

Blockchain

Blockchain technology - known as the chain of blocks, is used to store and send information about any online transactions. This blockchain is arranged in the form of consecutive blocks of data. One block contains information about a specified number of transactions. When it's full, another block is created, creating a chain. On average, a new block appears every 10 minutes, in which information about various transactions is sent. This includes commercial transactions, electricity market, transactions regarding shares or stocks, and also currency trading transactions. It all takes place outside the system functioning for centuries - without any involvement of public trust institutions (including financial institutions). Thus, Blockchain is a decentralized and distributed database in an open-source model, in a peer-to-peer network (a communication model that provides all hosts with the same rights). This technology does not have any central computers and a centralized storage location. The blockchain's purpose is to maintain a joint and collective accounting book of transactions in digital form. The blockchain cannot be faked. Blockchain transactions stored in the blocks are irreversible, and completely safe. All data is almost completely resistant to counterfeiting and various manipulations.
Show more...

Samsung SDS Chooses Blockchain! What Will The Results Be?

Samsung SDS started a partnership with Tech Mahindra and Pega company in order to jointly create a new blockchain-based solution targeted at many different industries. The...

Is Blockchain Going To Have Its Debut On Broadway?

Who would have thought that blockchain technology could be applied in the theater industry as well. It turns out that it is a powerful weapon in the...

Honda, General Motors, BMW, Ford and Renault Choose Blockchain!

According to a press release issued on the 14th of October by Nikkei Asian Review, five major car manufacturers will begin testing their blockchain-based vehicle identification...

Sacramento Kings Recognized Blockchain

Blockchain technology is gaining more and more supporters, also in the sport field. This time, Sacramento Kings, the NBA club, is reaching for this solution.Cooperation with the...

Uruguay Is To Use Blockchain To Expand Marijuana Supplies!

On September 25, the Aeternity blockchain startup announced that it has established cooperation with Urugway Can in order to create a platform for managing cannabis supply chains. According to the issued press...

Blockchain Platfrom To Revolutionize the Coffee Industry

According to a press release issued by GrainChain, the company has concluded the contracts with stakeholders from the coffee industry across the Honduras (a Central American country).The...

A New Era of Smarter Food Safety

Food traceability is one of the basic pillars that ensure an increased level of consumer health protection. What role can blockchain and artificial intelligence play in it?The U.S....

US Air Force starts a partnership with Constellation Network

Large databases can be challenging for any organization. Blockchain technology may be an alternative solution to this problem.According to Constellation Network's press release, the company has signed...

Is an Automotive Breakthrough Closer Thanks To Blockchain?

It looked like blockchain was introducing solutions only for online operations. Now, however, it can help improve everyday devices. A breakthrough in the automotive industry Researchers from the...

Presidential Candidate Wants Blockchain-Based Voting

US presidential elections are getting close, and one of the candidates is disappointed that blockchain-based voting has not been introduced yet. Candidate's profile The aforementioned politician is Andrew...
Tokeneo Group Change product