Blockchain Write for Us
Introduction
Blockchain is a distributed, immutable ledger that makes it easier to record transactions and track assets in a business network. A blockchain network can track and trade almost anything of value, lowering risk and costs for everyone involved. A tangible asset (a house, car, cash, or land) can be intangible (intellectual property, patents, copyrights, branding).
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Key Elements of a Blockchain
Distributed Ledger Technology
The distributed ledger and its immutable record of transactions are accessible to all network participants. Transactions are recorded only once with this shared ledger, eliminating the duplication of effort joint in traditional business networks.
Immutable Records
After a transaction has stood recorded to the shared ledger, no participant can change or tamper with it. If an error remains found in a transaction record, a new transaction must remain added to correct the mistake, and both transactions are then visible.
Smart Contracts
A set of rules, known as a smart contract, is stored on the blockchain and executed automatically to speed up transactions. A smart contract can specify the terms for corporate bond transfers, the payment of travel insurance, and much more.
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