What is Blockchain Technology? Transactional records are stored in the Blockchain technology which is known as the term “blocks”, of the public in multiple databases, which are known as “chains”. They are connected in a network through peer-to-peer nodes. “Digital ledger” is what this storage is typically referred to. Each transaction is authorized by a digital signature from the owner, which safeguards and authenticates the transaction from tampering. So the information that the “digital ledger” contains is very secure. Simply put, the digital ledger is just like a Google Spreadsheet that is shared with several computers in a network, where the transactional records are based on purchases that happened. The interesting fact is that everyone can see this data, but no one can’t corrupt it. Blockchain Technology: Explained Let’s suppose that you are transferring money to your friends and family from your bank account to theirs. You would have to log in to online banking and then transfer...