what is blockchain technology

Hello Friends today i will share about my opinion about blockchain technology

Blockchain technology deal with money with the development of decentralised system in which transaction made in Bitcoin and other crypto currency and it is controlle by single entity

(https://cdn.steemitimages.com/DQmWNz6dv7x3tXjsefs1X4WwHHXq8FwoAM1anjCPDDnfHgc/chart.gif)

History

when blockchain technology described in 1991 by stuart Haber and w.scott stornetta but there is no more successful and after The first blockchain was conceptualized by a person known as satoshi nakamoto in 2008.which is described only for payment system but now days some illegal activities founds through bitcoin.

Types of blockchain

there are two types of blockchain first is private blockchain and second is consortium blockchain

Uses

when blockchain technology is very transparent technology and blockchain technology can be integrated in multiple areas.
Blockchain technology also helps to store aur documents in long time and there is no chances of corruption also they helps to achieving objective![chart.gif]