Blockchain technologies and their connection with financial services Blockchain is a decentralized digital data storage system that allows you to keep records of transactions without the participation of third parties. Unlike traditional financial systems, where transactions pass through banks and other intermediary organizations, blockchain operates on the basis of distributed ledger technology. Each record in…
Category: Blockchain Technologies in the Financial Sector
Key Features of Blockchain Blockchain technology is a distributed database that allows you to store information about transactions in the form of a chain of blocks. Each block contains transaction data, and the blockchain itself is protected by cryptography, making it almost impossible to change. This technology is based on the principles of decentralization and…
Blockchain Basics: How the Technology Works Blockchain is a distributed database that is a chain of blocks of information, where each block contains encrypted data about the previous one. Each new block is added to the chain using a cryptographic function, making it impossible to change the information in blocks already on the chain. Blockchain…