AN INTRODUCTION TO BLOCKCHAIN

INTRODUCTION

In the era of advanced technologies, it is very important to use our data very securely. In the present time, almost all the technologies are producing products which have automated systems. All the new machines which are launched in the present time work in both the ways; they can be operated manually as well as verbally by speaking commands to it. So, if you ever think about the working of such machines, you would find that all the technologies which are used to produce such type of machines are based on the data.

In the implementation of all these technologies, user’s data is required. You may have noticed that with the increasing technologies, people are also becoming digitized. We exchange our data everyday directly or indirectly. So, if we are exchanging our data on a regular basis, our data needs to be highly secure then. For example, we do online bank transactions; for entering transacting for money, we need to enter our bank details. The online bank transactions from authorized websites are safe for sure. So, if we are entering our bank details on any website, then it should be highly secured. Here, we will discuss how the data is secured, what the methods are which are used for securing the data, how data is transferred from one server to another server safely, and many more fascinating facts.

WHAT IS BLOCKCHAIN TECHNOLOGY?

Before discussion on the blockchain technology, we should first understand what blockchain means. As we have discussed above, the security of the data should be the first priority of any developer, company or organization. So, a technology is used for transferring the data securely from server machines to client machines and from client machines to server machines. A collection of all the data is maintained in the form of chains. The data which is linked through this chain is called blocks. This whole thing is known as blockchain. In simple terms, we can say that a blockchain is a ledger of the data in digital form. It is not compulsory that blockchain would only store data for transactions. The block chain stores and processes all types of data.

The data which is stored in the blockchains is immutable. If you don’t know what does immutable mean, then the answer is here.  The immutable things are those things in which we cannot make changes. The immutable data is that data which cannot be changed once it is stored. After this discussion on the storage of the data, we come to the details around the security of the data. The data which is stored in the blockchains is secured through cryptographic technique.

So, this was about the blockchain. The blockchain technology is becoming the backbone of these new, data and information driven technologies. As we have discussed above, there are some technologies which are dominant throughout the technical industry. These technologies are based upon the data of the user. For the proper implementation of such technologies, blockchains are used. For more information, click here--> Blockchain training.