Blockchain
technology is a distributed ledger system that allows secure and transparent sharing of information across a network of computers. It stores data in blocks that are linked together in a chain, making it resistant to alterations once recorded. Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data, ensuring the integrity of the data. This technology is primarily used for cryptocurrencies like Bitcoin but also finds applications in various fields such as supply chain management, healthcare, and finance.
