Blockchain Technology is also addressed as

• The Next Stage of Internet
• The Trustless system of Values (wherein TRUST is injected by crptography, game theory and other technologies; rather than human being)
• Technology quite bigger and broader than Bitcon

A Blockchain is

• A Transparent, Cryptographically Trusted Dapp/dApp (Decentralized application) system used for management & exchange of Digital assets like Ownership title, Medical Datasets, CryptoCurrency without the need of any external human/other wise driven system for TRUST.
• A cryptographic database maintained by a network of computers, each of which stores a copy of the most up-to-date version of Ledger. It uses Blockchain Protocol for TRUST in Transaction and Ledger management.

• A Blockchain protocol is a set of rules that dictate how the computers in the network, called nodes, should

  • verify new transactions and
  • add them to the database*.

• The Blockchain protocol offers Consensus building mechanism by employing

  • Cryptography,
    • Game theory, and
    • Economics

to create incentives for the nodes to work toward securing the network instead of attacking it for personal gain.

• If the Blcokchain is set up correctly, this system can make it extremely difficult and expensive to add false transactions but relatively easy to verify valid ones.
• Blcokchain comes baked in with Data Provenance by offering
  • immutable and
  • cryptographically verifiable record of transactions

Why Blockchain Matters More Than You Think

6 MINS VIDEO Explaining Why Blockchain Matters More Than You Think!

16 MINS VIDEO Explaining How Blockchain is Already Taking Over!