Whitepaper: The Basics of Blockchain

Digital transformation continues to provide unmatched opportunities but also invites meaningful risks, one of which involves an exponential growth in personal data theft. The concept of blockchain was first introduced in 1991 as a new approach for storing and securing digital data. A blockchain can best be thought of as a public database, or distributed ledger, that is shared between computer networks whereby information is recorded and tracked in such a way that there is no ability to change anything without full agreement amongst all parties involved.