Blockchain is a decentralized, distributed electronic ledger built on the model of offering absolute security and trust. Using cryptography, transactions are recorded chronologically and publicly, each one time-stamped and linked to the previous one. Critically, these digital ‘blocks’ can only be updated through the consensus of all participants, with data interception, modification and deletion near impossible.
As a result, since hitting Gartner’s fabled “peak of the hype cycle” in 2016, Blockchain has become something of a priority for industry leaders, especially in financial services, energy and manufacturing.
