A blockchain is a time-sequenced chain of transactions that are agreed upon consensus and grouped into blocks. This guarantees that information of the ledger (chain) is reliable and can be trusted, since each entry (block) is validated by the network and is agreed by the network. For a ledger of records, distributed ledger technology (DLT) and its variant (blockchain) are revolutions. By virtue of its nature, such as being an immutable trustworthy ledger of records, no single point of failure, no centralized third party, and decentralized trust, DLT and blockchain have created a hype (catalyzed by imagination) that allows us to envision various use cases of DLT and blockchain.
One such application ...
