Block Chain Services

The Data stored in blockchain is immutable and cannot be changed easily. Also the data is added to the block after it is approved by everyone in the network and thus allowing secure transactions. Those who validate the transactions and add them in block are called miners.

Blockchain is Decentralized as well as an open ledger. Ledger is the record of the transactions done and because it is visible to everyone, therefore is called an open ledger. No individual or organization is incharge of the transactions. Each and every connection in the blockchain network has a same copy of the ledger. Blockchain is Decentralized network i.e., it has no central authority to control the network as there is in the client server model.

Blockchain provide a peer to peer network. This allows the transactions to involve only two parties, the sender and the receiver. Thus it removes the requirement of 'third party authorisation' because everyone in the network is themselves able to authorise the transactions.