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What is Blockchain Technology and how it works

We have been hearing about technology for a long time. Blockchain, but... do we know what it is? what does it work for? and... how can we apply it to our daily routine? In this post we present this new concept of exchange to you in a summarized and concrete way.

 

The first thing will be to define what the Blockchain either "blockchain": It is an electronic accounting book that can be shared openly by different users and that records all the transactions recorded in it, without there being any way to modify them, since each of the parts of the chain are temporarily marked and linked to the previous block.

 

One of its great advantages is the security it provides, since the block chain It can only be updated with the consensus of the participants and the system, and once the data is recorded, it cannot be deleted. This gives this system a reliable and trustworthy source of each and every transaction made in the system.

 

But what is Blockchain for?

Being a network peer-to-peer, Combined with its ability to time stamp all transactions and the fact that it can autonomously manage information exchanges between different participants, it makes it an ideal tool for all types of companies. Since there is no need for an administrator to exist, all users are administrators.

 

What industries use Blockchain?

Many sectors can benefit from this technology if they know how to apply it correctly, such as transportation, fintech, health services...

 

This is just the beginning, and in the near future the technology Blockchain It will be something we are used to since the advantages it offers will completely change the way many industries operate for the better.

 

In the next events that we have organized in Seville on January 30 and Madrid on February 6 from Postgraduate in Financial and Accounting Management, We will have the opportunity to learn about all these new exchange systems that are appearing and how companies must adapt to them in order to be updated and remain competitive. In this event organized by EIP International Graduate School and mainfor, We will be able to count on the participation of professionals from the sector such as Raul Ruiz and Miguel Infantes, which will help us define these technologies and see how to apply them in a daily work routine.

 

You can see this expanded information at the following link:

Source: IBERTRONICA

Academic Coordinator Financial-Fiscal Area - EIP eLearning training coordinator at MAINFOR - Technological and Educational Innovation

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