Blockchain in the financial services industry

In simple terms, blockchain is the technology that creates a distributed ledger of transactions on a network that is secure, tamper-proof, and easily accessible. It is a shared record of transactions, distributed over a network of users. A blockchain is made up of a series of data blocks, each of which contains a set of transactions. Blocks are electronically chained together and locked with cryptography, and a public record of every transaction is established.
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