WHAT THE HECK IS BLOCKCHAIN?

April, 2017

Maersk Cntr LiftMaersk and IBM recently announced they are teaming up on blockchain technology, which made us wonder…what the heck is blockchain?  We found a definition that seemed to make sense.

The information held on a blockchain exists as a shared, and continually updated/reconciled, database. The blockchain database is not stored in any single location.  The records are truly public and easily verifiable.  No centralized version of this information exists for a hacker to corrupt. Hosted by millions of computers simultaneously, its data is accessible to anyone on the internet.