The blockchain is like a digital book that stores information. Each block in this book can be seen as a page containing specific information. Once a page (or block) is written, it is bound into the book (the chain). Once bound, the page cannot be changed anymore.

Blockchain is particularly secure because each page of the book is not only stored on one computer but on thousands of computers worldwide. If someone tries to alter information on a page, it will be contradicted by the other copies of the book. This makes it impossible to change the information in the blockchain.

Another advantage of blockchain is its transparency. Anyone with access to the blockchain can view all pages of the book.

A well-known example of blockchain usage is Bitcoin, a digital currency. In Bitcoin, every transaction, such as sending bitcoins from one person to another, is stored as information in a block. Once the block is complete, it is added to the blockchain, securely and immutably storing the information.

In summary, blockchain is a secure and transparent method of storing information that can be applied in various sectors, from finance to logistics.

Learn more about how blockchain works and discover its benefits for businesses in our seminars. Explore how to integrate processes or products onto the blockchain.