BLOCK CHAIN TECHNOLOGY
The word block chain is meant to represent a " LIST OF RECORDS " while the word chain is meant to describe the linked relationship between the list of records.So imagine a list of records link to another list of records and thats what basically the term BLOCK CHAIN describes; linked list of records .The first known use of blockchain technology was in 1991 by Stewart Haber and Scott Stornetta . As our new World was evolving towards the digital technology , concerns about the accuracy , security and modifiability of digital records were raised. At this time the use of third party stamping services was the only option available . However relying on the time stamping services that could lead to bribes or security breaches was not ideal .This is because it is imperative to maintain integrity of digital records by ensuring they cannot be modified back dated or forward dated. This brings us to the next question , Why was block ...