Blockchain: What is it?
New buzzwords and phrases are always circulating in the business world; “Big Data,” “The Cloud,” “Digital Transformation” are prominent among others. However, one has reigned supreme and has been the topic of many boardroom conversations; “The Blockchain.” Unless you are adequately informed, the blockchain can be a confusing concept that the average person may have difficulty understanding. Is blockchain a cryptocurrency? Is there one huge blockchain, like the internet? How is blockchain applicable to my line of work? In this article, we will provide a brief overview of blockchain and some of the concepts associated with it in order to give some clarity