Explosion Of Blockchain

Billy McDavid
4 min readDec 10, 2023

Blockchain technology is an advanced database mechanism that allows transparent information sharing within a business network. The data is chronologically consistent because you cannot delete or modify the chain without consensus from the network. As a result, you can use blockchain technology to create an unalterable or immutable ledger for tracking orders, payments, accounts, and other transactions.

Traditional database technologies present several challenges for recording financial transactions. Individually, both the buyer and the seller can record the monetary transactions, but…

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