Blockchain is a shared database or ledger among the nodes in a computer network. It facilitates the system of recording transactions and asset tracking in a business network. Blockchain technology is currently most popular for supporting cryptocurrencies like Bitcoin. It helps maintain a decentralized record of all transactions.
Blockchain is an ideal technology to deliver information since it offers quick, shared, and totally transparent information stored on fixed ledgers. These ledgers can be accessed only by authorized network members. This network can track payments, orders, production, and accounts without missing a beat.