If you are not an information technology person or an accountant, you may be struggling to figure out what blockchain technology is all about. Here’s a simple way to understand it.
Editorial Director, Modern Machine Shop To relate blockchain concepts to everyday life, there are similarities to managing any checking account. This is a mockup of my checkbook registry.
Attaching photocopies of such entries to a signed check is the starting point for my explanation of blockchain technology. Lately, you may be encountering the term blockchain in many discussions related to information technology, the Internet of Things, data security and other contexts.
Blockchain technology often comes up in news about Bitcoin and other cryptocurrencies. If you are a not an information technology person or an accountant, you may be struggling to figure out what blockchain technology is all about.
I believe I have come up with a way to understand it, at least on a superficial, non-technical level. This explanation isn’t meant to reveal how blockchain works, but rather characterize what it does. Read more from mmsonline.com…
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