Geerija Lavania
ABSTRACT
Blockchain is an immutable ledger that records transactions and tracks assets in a business network. The asset can be tangible (a house, cash,etc.) or intangible (intellectual property, patents, branding). Blocks of information are connected in a "chain" to create blockchains. Depending on the type of blockchain, blocks can store different types of data, such as the sender and receiver when exchanging Bitcoin. Blockchain can be used to create trust and transparency for your data. It increases the security, efficiency and traceability of data shared across a business network. Blockchain is a decentralized system of data sharing that cannot be altered. These records are immutable and confirmed to be correct by an independent authority. Blockchain, an enterprising idea, is now being applied in the real estate industry. Governments and healthcare industries are now leveraging this technology to make their contracts smarter.
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