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What is a Blockchain?

Author: Giftoin team

Date: 2023-Feb-19

You’ve most probably heard the term “blockchain,” especially in connection to cryptocurrencies. In this video we focus on what blockchain actually is and how it works.

After defining the concept of blockchain, this video describes its key components and how it has the potential to revolutionize interactions and processes in the future. As an example of an ideal use case, we show how the use of blockchain in a company supply chain enables transparency and a shared view of every stage of the process from production to inventory to shipping. Malfunctions can quickly be caught and corrected.