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Kilroy Blockchain CEO: 10 Things Solution Providers Need To Know About Blockchain

The providers. Private versus public. What's under the hood? Here are 10 things solution providers need to know about blockchain technology.

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What's Under The Hood?

Under the hood, blockchain is a database with some fancy stuff to keep [everything ]in sync. It's not rocket science. It's databases. So a transaction is requested, then the transaction goes out to the network of nodes. Then the network validates the data using algorithms. Then the transaction says, 'OK, it's checked all the nodes. This is a good block. We're going to commit this block of data.' It adds it to the blockchain, then the transaction is complete.

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