🔒Blockchain ensures data cannot be altered by any user within the network.
💰Cryptocurrencies are a form of digital currency that run on blockchain technology.
🔗Blockchain consists of a chain of blocks, each containing transaction details.
⛏️Miners validate transactions and add them to the blockchain through a process called mining.
🛒Blockchain can be applied in supply chain management to track and ensure the quality of goods.
What is blockchain?
—Blockchain is a technology that allows secure and transparent transactions without the need for intermediaries. It uses a decentralized network and strong encryption to ensure data integrity.
What are cryptocurrencies?
—Cryptocurrencies are digital or virtual currencies that run on blockchain technology. They enable secure and decentralized transactions.
How does blockchain work?
—Blockchain consists of a chain of blocks, each containing transaction details. Transactions are validated and added to the blockchain by miners through a process called mining.
What is mining?
—Mining is the process of validating transactions and adding them to the blockchain. Miners solve complex mathematical problems to secure the network and are rewarded with cryptocurrencies.
How is blockchain used in supply chain management?
—Blockchain can be applied in supply chain management to track and ensure the quality of goods. It creates a transparent and immutable record of every step in the supply chain, improving traceability and reducing fraud.
00:00Blockchain enables secure and transparent transactions without intermediaries like banks and online wallets.
01:31Cryptocurrencies are a form of digital currency that run on blockchain technology.
02:39Blockchain ensures data cannot be altered by any user within the network.
04:46Miners validate transactions and add them to the blockchain through a process called mining.
05:51Blockchain can be applied in supply chain management to track and ensure the quality of goods.
