Blockchain is the leading technology behind bitcoin and thousands of other cryptocurrencies. It holds great potential beyond digital currencies. Blockchain is amongst the most popular and trending technologies of the 21st century that have multiple applications and can be utilized in numerous industries, including but not limited to financial services, healthcare, education and research & development, e-commerce, etc.

Blockchain is a system for storing data in a way that makes hacking and cheating difficult or impossible. A blockchain is just a collection of computer systems connected in a way that copies and shares a digital record of transactions throughout the network. This technology allows participants to confirm transactions without having a central clearing authority. In simpler words, a blockchain can be considered a distributed database that stores the information in a growing list of ordered records. As a result, these lists are called blocks. A cryptographic connection binds these blocks together. Once stored then, this data cannot be altered.

Some blockchain use cases are improving investment management, smart contracts, IoT monitoring, Property transactions, Digital IDs, etc.