Blockchain

Blockchain

One of the fundamental ways in which Deep Tech is rewriting security in businesses or personal transactions is the emergence of ground-breaking technologies like blockchain. Higher security and more transparency guarantee a powerful and secure experience in employing blockchain technology to encrypt data.

What is blockchain?

Blockchain is exactly what it says it is: a decentralized collection of computer records or transactions put in a ‘box’ and linked together with a ‘chain’. Each box of data where multiple transactions or records are stored is called a block and they are linked to each other by encrypted chains of code.

Every block has a unique identity code that is generated based on an algorithm acting on the previous block’s data. This unique code is called the block’s hash and the process of encrypting and generating the code is called hashing.

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