Blockchain is a digital, distributed ledger of transactions or records, in which the ledger stores the information or data and exists across multiple participants in a peer-to-peer network. Distributed ledgers technology allows new transactions to be added to an existing chain of transactions using a secure, digital or cryptographic signature. Blockchain protocols aggregate, validate, and relay transactions within the blockchain network. Blockchain technology allows the data to exist on a network of instances or "nodes," allowing for copies of the ledger to exist rather than being managed in one centralized instance.
In this video, Radoslav Dragov, author, presents the key findings of the Advanced Technology (AT) Watch report ‘Technology focus on Blockchain’, part of the Advanced Technologies for Industry (ATI) project.
As part of a series of analytical reports on advanced technologies’ trends, this report focuses on Blockchain as one of the key technologies that are currently bringing about impactful changes in Europe’s banking and finance sectors, as well as in other European industries.