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Blockchain is a highly encrypted decentralized public records management system that is not shared with anyone. It functions on a peer-to-peer network and enables multiple parties to have access to the records. Blockchain does not have a centralized system which makes it quite popular among users all over the world.
What is blockchain?
The blockchain is a security technology used to verify transactions. It's best known as the technology underpinning the cryptocurrency bitcoin, but it has many other potential applications in areas such as logistics, banking, Internet of Things devices and cloud computing.