What is blockchain and how does it work?

Blockchain defined: Blockchain is a shared, immutable ledger that facilitates the process of recording transactions and tracking assets in a business network. An asset can be tangible (a house, car, cash, land) or intangible (intellectual property, patents, copyrights, branding).

What is a private blockchain network?

A private blockchain network, similar to a public blockchain network, is a decentralized peer-to-peer network. However, one organization governs the network, controlling who is allowed to participate, execute a consensus protocol and maintain the shared ledger.

What is IBM Blockchain platform?

The IBM Blockchain Platform is powered by Hyperledger technology. This blockchain solution can help turn any developer into a blockchain developer. Visit the Hyperledger website for details. Can I deploy on any cloud I want?

What are the different types of blockchains?

Other types of blockchains include consortium blockchains and hybrid blockchains, both of which combine different aspects of public and private blockchains. Research from the McKinsey Technology Council suggests that by 2027, up to 10 percent of global GDP could be associated with blockchain-enabled transactions.