Tags archives: banking

According to the definition, Blockchain is a distributed database; that maintains a continuously growing list of records, called blocks. Every block contains a timestamp and also a link to a previous block. More technically speaking, it is a digital ledger; where the transactions made in crypto-currency(or bitcoin), are recorded chronologically and publicly.  Interestingly, last year an Indian multi-national bank; ICICI bank announced that it has successfully used the blockchain technology; to execute transactions in International Tra...