What is a blockchain?

In this way, a blockchain is the foundation for immutable ledgers, or records of transactions that cannot be altered, deleted, or destroyed. This is why blockchains are also known as a distributed ledger technology (DLT).

Who invented blockchain technology?

But it was Satoshi Nakamoto (presumed pseudonym for a person or group of people) who invented and implemented the first blockchain network after deploying the world’s first digital currency, Bitcoin. Who Owns Blockchain Technology? Because blockchain technology is the technology behind the blockchain, it cannot be owned.

What are the advantages of blockchain technology?

From an IT and business perspective, there are several advantages to using blockchain technology, including: Transparency: Because blockchains are decentralized, any user can verify transactions and see past activity records. When new information is added, they get an alert.

What is IBM Blockchain services?

As the top-ranked blockchain services provider, IBM Blockchain Services has the expertise to help you build powerful solutions, based on the best technology. More than 1,600 blockchain experts use insights from 100+ live networks to help you build and grow. Embracing an IBM Blockchain solution is the fastest way to blockchain success.