What Is Blockchain? (Blockchain Report Excerpt)

By Michael Barnard Blockchain is just an accounting system at heart. It keeps track of transactions, just like a list of purchases in a spreadsheet. And it makes those transactions available over the internet. It actually doesn’t add much in the way of new functionality. Pretty much anything you can do with blockchain you can do with a database and basic web technology. Non-functional features are where blockchain starts getting interesting.

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