TECHNOLOGY

What Is Blockchain?

Blockchain is an immutable shared ledger technology—a distributed structure for the parties doing transactions. It is a secure technology allowing participants to retain control without one central person obtaining full control, which is key, according to Rich de Moll, Vice President, Blockchain Solutions for Finance at IBM Cognitive Process Services.

Blockchain is built on trust, accountability, and transparency—and how it is utilized in today’s marketplace is already creating transformation, he added.

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