What is Blockchain Technology and its key features you need to know about

pBlockchain can be described as a distributed ledger technology which can record transactions between parties at a safe and permanent manner. By 'sharing' databases involving multiple parties, Blockchain basically eliminates the requirement for intermediaries that were formerly needed to act as trusted third parties to verify, document and organize transactions. By Facilitating the movement from a centralized to a decentralized and dispersed system, Blockchain effectively liberates data which has been formerly kept in guarded silos. To put it differently, Blockchain is a common, reliable, public ledger of transactions, that everyone can inspect but no single user controls. It is a distributed database which maintains a continuously growing list of transactional data, cryptographically secured from tampering and revision./p