When you take a notice of a blockchain, don’t be intimidated considering it’s somewhat high tech, and new, and cutting-edge. It’s merely a new and creative way of mingling old thoughts together to offer us an incredible new solutions platform for some of the issues the business world was facing.
Let’s review an analogy, Blockchain can be cosniderd more like a notebook and a block on a particular blockchain can be supposed of much like a page in a notebook. We write data on a page of a notebook and similarly the data is stored on a block on a blockchain. We can write any kind of data in a page of a notebook as we can store any data on the same block. The blocks are tied together in a blockchain and each block is chained to the previous block by embedding the block with information from the previous block that makes the Blockchain immutable and hence incredibly powerful. If the data is tampered with anywhere in the chain, the links will break in a very obvious way.
Examples of data that can be stored on a block include Bitcoin transactions, citizen’s records, patient’s medical records, property sale agreements, election voting results and many more.