Blockchain technology began as a validating technology for bitcoin digital currency. It created a record of digital events distributed across different participants or entities involved in a transaction. Now blockchain is being pursued to provide global authenticity and security for any type of data and transactions.

The idea behind blockchain is to create a public “ledger” of transactions that are linked chronologically and cannot be deleted or edited. Each record, or blockchain, is time-stamped and verifiable. It ensures data integrity by attributing data to an irrefutable identity, validating all copies of the ledger, ensuring full availability, and providing tamper-proof security.

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