The term blockchain derives from its own structure: a set of individual blocks connected to each other by cryptography, which gives rise to a distributed and extremely safe database that allows transactions between two parties to be recorded in an always-verifiable way. The validation of these transactions is entrusted to a consensus mechanism distributed on all the nodes of the network, which exploits the peer-to-peer method.
The main features of blockchain technology are the immutability of the register, the traceability of transactions and the security ensured by the cryptographic techniques.
The blockchain is having a strong impact in many sectors. In fact, since it records transactions between two parties in an efficient and verifiable way at any time, the blockchain can be considered a safe system.
Areas of use of blockchain
The main application fields of blockchain technology are:
The areas of use of blockchain are: