What Is Blockchain Technology

Blockchain technology is essentially a global, public, cryptographically secure (and therefore trusted) ledger that automatically records and verifies large volumes of digital transactions.

Blockchain is made up of three core technologies: private key cryptography, distributed peer-to-peer networks with shared ledgers and protocols for performing transactions as well as ensuring security and record-keeping.

Here’s how blockchain works:

How Blockchain Works Infographic

Watch: Blockchain Defined