Blockchain technology is an advanced database mechanism that allows transparent information sharing within a business network. A blockchain database stores data in blocks that are linked together in a chain. Name the thr

The three pillars of Blockchain Technology are: Decentralisation Transparency Immutability The blockchain gives internet users the ability to create value and authenticates digital information. Following new business applications will result from this: Smart contracts. The sharing economy. Crowdfunding. Governance. Supply chain auditing. Decentralizing file storage. Prediction markets. Protection of intellectual property. Internet of Things (IoT). Neighbourhood Microgrids. Identity management. Anti-money laundering (AML) and know your customer (KYC). Data management. Land title registration. Stock trading