A Blockchain is a decentralized and immutable distributed ledger that contains all transactions on a peer to peer network.

Blockchain technology allows participants to confirm transactions without the need for a central authority or third-party intervention.

Transparent transactions are made possible without the need to worry about a third party interfering and affecting transaction records.

Blockchain applications, healthcare, supply chain tracking and more are among the sectors that use blockchain technology.

It is used by nearly every industry because it can be extremely secure and cannot be tampered with.