NFT & Blockchain
NFTs and blockchain have become increasingly intertwined in recent years, generating excitement and confusion in equal measure.
- Imagine a distributed ledger, like a giant spreadsheet, accessible to everyone on a network. This is a blockchain, where transactions are recorded chronologically and securely.
- Each transaction is a “block,” containing data and linked to the previous block. This creates an unalterable chain, making it nearly impossible to tamper with data.
- Cryptocurrencies: Bitcoin and Ethereum are popular examples, where tokens represent value and are exchanged on the blockchain.
- Supply chain management: Track the movement of goods and materials with transparency.
- Voting systems: Ensure secure and verifiable voting processes.