Tracking Transactions Online

Have you heard of BitCoin? If you have, blockchain technology is probably not new news. If you haven’t heard of it, be prepared. Blockchain technology has potential uses in a number of industries and can affect how you or your company do business in the 21st century.

“The blockchain is an incorruptible digital ledger of economic transactions that can be programmed to record not just financial transactions but virtually everything of value.”
Don & Alex Tapscott, authors Blockchain Revolution (2016)

In essence, the blockchain acts as a decentralized database in which publicly available and verified records are kept. Because records are stored over millions of computers across the Internet at the same time, no single person has control over the records, nor do they have a single point of failure. This technology has been around since 2008 and looks to be around for long time coming.