Hokk Finance

What is the Blockchain?

Blockchain is a system of recording information in a way that makes it difficult or impossible to change, hack, or cheat the system. A blockchain is essentially a digital ledger of transactions that is duplicated and distributed across the entire network of computer systems on the blockchain.

The data comes in blocks, so imagine blocks of digital data. These blocks are chained together, and this makes their data immutable. When a block of data is chained to the other blocks, its data can never be changed again. It will be publicly available to anyone who wants to see it forever. That is revolutionary, because it allows us to keep track records of pretty much anything we can think of (such as: property rights, identities, money balances, medical records), without being at risk of someone tampering with those records.