Beyond cryptocurrencies: E-commerce value chain and the #blockchain (Part Two)
▻https://hackernoon.com/beyond-cryptocurrencies-e-commerce-value-chain-and-the-blockchain-part-t
When we dig deeper into blockchain technology, we find that there are several solutions out there competing to become the standard. Not all blockchains do the same things, and they share some common problems, like scalability and interoperability. But we can also say that there are several common features to the technology that everybody agrees are fundamental for any blockchain (aka ‘distributed ledger technology’ (DLT), or a shared database stored on multiple devices at the same time):Distributed ledgers store information and transactions in digital ‘blocks’, each with a unique ID that cannot be altered retrospectively without also altering all subsequent blocks — something that is almost impossible. This feature of the blockchain brings one of its most significant advantages: immutability. (...)
#beyond-cryptocurrencies #ecommerce-value-chain #ecommerce-blockchain #ecommerce