Innovation and Technology

Blockchain: everything you need to know and the benefits for SMEs

April 24, 2019

Discover what blockchain is and the benefits of using this technology in SMEs.

The concept of Blockchain is relatively recent and, when it appeared on the market, it was associated with cryptocurrencies, namely Bitcoin, as it was developed as an integral part of it. Nowadays, however, it extends far beyond that and is beginning to move away from this association. What is Blockchain? Blockchain is a network technology that allows transactional data to be recorded and shared in a chain between different entities. Information is stored in blocks, allowing it to be distributed and decentralised and preventing any single entity from owning it. In other words, anyone can use the Blockchain and help run it; however, any type of change has to go through a process of verification and certification by other users and, once accepted and considered trust...
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