Imagine a lot of data – inter-related and critical,
Traditionally stored in paper piles,
Then came the Excel files,
Now, there’s a new attraction,
Bringing about many political reactions.
Blockchain!
Data blocks arranged in a chain,
Block header and body comprising each one.
The first block is genesis,
The second the child of the first,
Also, being the parent of the third.
Blockchain is DISTRIBUTED,
There’s no central entity responsible.
Blockchain is IMMUTABLE,
It is tamper – proof attributed.
Asymmetric cryptography & distributed consensus algorithm,
Make it consistent and secure!
Decentralization and Persistency
Anonymity and Auditability,
Improve efficiency and save cost!
To be continued……….