ABSTRACT
Blockchain is a Distributed Ledger Technology that ensures data and contracts are stored in transparent and shared databases, and protects data from removal, corruption, or modification using A consensus mechanism and cryptography. Data on a blockchain is immutable, verifiable, and traceable. Apart from transactions, a blockchain can also store ‘smart contracts’, so-called ‘If This Then That’ statements, albeit a lot more complex. When you combine smart contracts with technologies such as big data analytics and artificial intelligence, it becomes possible to create DApps (Decentralised Applications) or even DAOs (Decentralised Autonomous Organisations). Blockchain helps to solve our seven Wicked Problems.
