Blockchain Transactions

A Blockchain transaction is a record of any activity done by any of the participants in the network that all other participants should know. It can mean many things depending on the application or the business solution being used.

In a financial system, a transaction could be the deposit or withdrawal of money into or from a bank account or the purchase or sale of company stock or commodities. In a supply chain system, a transaction could be the placement of an order, the shipping of goods or raw materials, or a confirmation of their delivery.

Using the design and technology of Blockchain, every single transaction may be recorded, with all associated information in the right sequence in which the transactions occur, maintaining a clear picture at every step of the process through the entire process.