The Complete Guide to Blockchain Business Networks

Blockchain is a distinct type of Distributed Ledger Technology (DLT).DLTs involve ledgers,or databases,where the input and maintenance of data on the ledger are controlled on a peer-to-peer (P2P) basis.This P2P nature means that there is no central trusted party or intermediary required to control the ledger,and so they can be said to be decentralized. Blockchain is a decentralized ledger,which simply means that a ledger is spread across the network among all parties in the network,and each party holds a copy of the complete ledger. Blockchain DLT technology takes its name from the way in which the ledger is structured,where inputs onto the ledger are grouped into blocks of transactions,which are then validated and transmitted to the network to form a chain of blocks.