Blockchains going private

Blockchain is rapidly moving mainstream across sectors from financial services, supply chain and telecoms to health and insurance, writes Jonas Lundqvist, CEO of Haidrun.

By Jonas Lundqvist

CEO, Haidrun

5 Mins

August 02, 2021 | 10:37 AM BST

A blockchain is a distributed ledger which is a continuously growing list of records stored in the form of blocks, which cannot be corrupted, lost or changed. These blocks are connected to each other through cryptography to create a time-stamped series of immutable, tamper-proof records of data managed by a cluster of computers. Each piece of data shared on this network is visible to all participants in the transaction and each one of them is accountable for their actions.

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