BlockChain
The blockchain is an incorruptible digital ledger of economic transactions that can be programmed to record not just financial transactions but virtually everything of value.”
Don & Alex Tapscott, authors Blockchain Revolution
Submit request
Users or customers request a transaction/information/records/lists/reports
Pass on request
Submitted request is broadcast to a network node where just like a guard standing in one of entrances of network
Validate request
Request will be validated by network node with using known or newly developed algorithms.
Generate block
Validated request will be generated as a new block and added to an existing blockchain or a new chain.
Open block
The refreshed blockchain will be opened and accessible for others with similar request to share or update.
