What is blockchain in simple terms

Blockchain has only recently become widely known, although it has been around for a while. It is a distributed, immutable database that keeps digital records of dealings, which makes it easier to track assets within a business system. Examples of physical assets that can be tracked are real estate, cars, and land, while intangible possessions encompass intellectual property, copyrights, patents, and branding.

The blockchain network allows for the recording of anything of value that is sold off, reducing the danger related to digital transactions and enhancing productivity for all included.

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