
What is Blockchain?
A blockchain is primarily a shared database for recording transactions, cryptographically chained so as the record cannot be altered at a later date, and can be shared easily between parties. The blockchain can either be very open and decentralised (permissionless), or a more closed system with controlled access points (permissioned).
This article provides an overview of blockchain basics, an insight into its applicability to major corporate and financial institutions clients, and how it could affect your business in the medium and long term.