What is Blockchain technology?

Blockchain is a distributed software that lets companies track transactions transparently. Blockchain is surging onto the scene and demand for Blockchain skills is growing at the second fastest rate of any IT skill set. Blockchain courses will help enterprise clients keep up with the demands of business and the speed of technology, and provide both employers and workers the proven benefits of Blockchain skills certification. Blockchain training courses will help guide your organization from an initial high-level overview of what blockchain is, to in-depth, hands-on courses from Ethereum to Hyperledger.

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Immutability:

Since multiple copies of a blockchain are kept and managed by consensus across a peer-to-peer network, no one peer can alter past transactions.

Security:

It is a fundamental cryptological law that it is relatively easy to set a problem that is very, very difficult to solve. What is relatively easy for a network of computers to do is, in practice, impossible even for much larger networks to undo.

Resilience:

The distributed nature of the ledger makes it resilient. Even if many peers go offline, the information is still accessible.

Verifiability:

The combination of transparency and immutability also allows us to satisfy full public verifiability: anyone in the world can check for themselves that the rules of the system - in the case of digital currencies, that coins should be spent only once - are being followed. While information cannot be manipulated, it can be easily verified thanks to the size and power of the network.

Transparency:

The fact that all transactions are broadcast to all peers also makes the ledger transparent. However, the encrypted nature of the transactions means that privacy is also assured.

Any complicated new technology can be confusing. Will this streamline our business processes, enable us to scale, and inject transparency into the way we deliver our products or services? Or will this simply add complexity, process bloat, and absorb unnecessary addition development hours? Check out the decision chart below for a simplified way to determine if you might benefit from implementing Blockchain technology.

Download this easy reference sheet.

Not sure what a Consensus Algorithm is? Can't explain the difference between a Ledger and a Node, or how a Transaction Pool works? Look no further than the terminology reference sheet below.