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Blockchain. What is Blockchain Technology? How does Blockchain work? OVERVIEW Blockchain is most simply defined as a decentralized, distributed ledger technology that records the provenance of a digital asset. Blockchain, sometimes referred to as distributed ledger technology (DLT) , makes the history of any digital asset unalternateable and transparent through the use of decentralization and cryptographic hashing. A simple analogy for understanding blockchain technology is a Google Doc. When we create a document is distributed instead of copied or transferred. This creates a decentralized distribution chain that gives everyone access to the document at the same time. N o one is locked out awaiting changes from another party, while all mo...
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