IDG Contributor Network: 5 top blockchain trends of 2018
Blockchain technology is one of the biggest new developments to have hit the tech industry over the last few years, and its infamy is bolstered by the fact that it’s the underlying technology which powers bitcoin and other cryptocurrencies. To many people, blockchain and cryptocurrencies are synonymous, but that’s being over simplistic.
A blockchain is basically a type of distributed ledger that’s impossible for people to hack. Instead of just relying on one database, a blockchain is spread between different people in a similar way to how bit torrents work. Once data is written to a blockchain, it’s stored there forever. It effectively makes it a trustworthy, hack proof way to store interoperable data.