The Leading Physicians of The World

Blockchain technology first became popular several years ago and is still gaining momentum today. The concept is discussed on a regular basis at technology events and workshops everywhere. Blockchain has even gained worldwide status, with everyone from the Nigerian government to the President of the United States and everyone in between.  Despite its popularity, few people seem to be able grasp what exactly blockchain is. Forbes contributor, Reenita Das, says that the reasons behind all of the confused hype over blockchain is twofold: 1) the absence of any actual standardized definition of blockchain and 2) its controversial and often debated true point of origin. However, considering its possibly disruptive nature and wonderfully complex effect that blockchain technology could have on all business across all industries require its understanding, at least on a basic level. What is Blockchain? William Mougayar, an expert on cryptocurrency said that to understa...

In general, blockcahin technology is a distributed system that is used to record and store transaction records. To be more specific, blockchain is a shared, unchanged record of peer – peer transactions made from linked transaction blocks and stored in a digital ledger. Blockchain technology relies on already-established cryptographic techniques that allow each participant in a network to interact. Interaction means that each participant can store, exchange, or view information without preexisting trust between the involved parties.  In blockchain technology, there is no central authority. Instead, all transaction records are stored and as well distributed across all participants in the network. Interactions within the blockchain should be known by all participants and may require verification by the network before one can add information. This enables trustless collaboration among network participants while recording a changeable audit trail of all interactions. Blockchai...