Specifications

Blockchain technology is an advanced database mechanism that allows translucent information sharing within a business grid. A blockchain database stores data in blocks that are linked together in a chain. The data is chronologically constant because you cannot delete or modify the chain without concurrence from the network. As a result, you can use blockchain technology to create an unalterable or unchangeable ledger for tracking orders, payments, accounts, and other transactions. The system has built-in mechanisms that prevent unauthorized transaction entries and create consistency in the shared view of these transactions.