Blockchain, quite simply, is a type of database. It’s a new way of storing data in a distributed ledger that allows multiple stakeholders to confidently and securely share access to the same information. The difference between blockchain and a database is that a database structures its data into tables whereas a blockchain, like its name implies, structures its data into chunks (blocks) that are chained together. This robust system makes an irreversible timeline of data when implemented in a decentralized nature. When a block is filled it is set in stone and becomes a part of this timeline. Each block in the chain is given an exact timestamp when it is added to the chain, making it nearly impossible to falsify the stored information.
Here at Zen, we love all things that are Blockchain related and are excited about the endless applications - An incorruptible digital ledger of economic transactions that can be programmed to record not just financial transactions but virtually everything of value.
The growth of Blockchain technologies is gathering pace, the first quarter of 2021 alone, blockchain startup companies around the world amassed 2.6 billion U.S. dollars in venture-capital funding, more than the whole year of 2020. Stay ahead of the game and contact one of our recruiting experts today to discuss your recruitment strategy and forecast, and discover how we can be of assistance.
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