WHAT IS BLOCKCHAIN?

Blockchains (aka decentralized ledgers) can be described as data structures with the following inherent attributes:

• Decentralized: Determined by a majority consensus of the networks’ participants.
• Immutable: Data can only be added on the structure; cannot be altered or removed.
• Transparent: Data is publicly available for anyone to review.
• Open: The network is open for anyone to participate.
• Secure: Powered by strong cryptography.