BLOCKCHAIN TECHNOLOGY.
Blockchain Technology . Blockchain is a method of recording information that makes it impossible or difficult for the system to be changed , hacked, or manipulated . A blockchain is a distributed ledger that duplicates and distributes transactions across the network of computers participating in the blockchain. IMPORTANCE OF BLOCKCHAIN TECHNOLOGY. Blockchain helps in the verification and traceability of multistep transactions needing verification and traceability . It can provide secure transactions, reduce compliance costs, and speed up data transfer processing. Blockchain technology can help contract management and audit the origin of a product. KEY ELEMENTS OF BLOCKCHAIN TECHNOLOGY. Distributed ledger technology . All network participants have access to the distributed ledger and its immutable record of transactions. With this shared ledger, transactions are recorded only once, eliminating the duplication of effort that’s t