While most of the time “blockchain” is spoken about in terms of BitCoin and other cryptocurrencies, there is a distinct difference between them.
Thus, blockchain is the most secure method of storing data currently available, innately protecting against malware, ransomware, and more traditional hacking attempts. Any changes, even so much as changing the case on a character, within a certain block would result in the changing of this hash code, effectively breaking the chain and proving the block in question to be invalid. These blocks, as they are created, are “tagged” to each other through cryptographic mathematically generated hash codes, which maintain a perfect, unchangeable record of the chain from the newest block all the way back to the very first one.
The simplest explanation of a blockchain is that it is a series of time-stamped and immutable, secure and redundant, data “blocks.” These blocks are created containing your company’s sensitive or valuable data, documents, and files, encrypted, “shredded” into tiny pieces, and subsequently distributed among a cluster of servers and computers.
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