Blockchain TechnologiesThe end game for public and private blockchains isn’t just digital currency—it’s digital business flows.
A blockchain is a shared digital ledger, or a continually updated list of all transactions.
This decentralized ledger keeps a record of each transaction that occurs across a fully distributed or peer-to-peer network, either public or private. A blockchain’s integrity hinges on strong cryptography that validates and chains together blocks of transactions, making it nearly impossible to tamper with any individual transaction record without being detected.
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference.
NEO Founder Da Hongfei: The State of Blockchain in China (Blockchain World Conference, BKK 12/4/17)
These apps run on a custom built blockchain, an enormously powerful shared global infrastructure that can move value around and represent the ownership of property.