Blockchain Techology

A blockchain is a distributed database that is shared among the nodes of network. The innovation with a blockchain is that it guarantees the fidelity and security of a record of data and generates trust without the need for a trusted third party.

Different types of information can be stored on a blockchain, but the most common use so far has been as a ledger for transactions.

Decentralized blockchains are immutable, which means that the data entered is irreversible.

Non-fungible Token

Non-fungible token(NFT) seek to provide a new way of value exchange that facilitates easy trade and asset transfer across borders within a global context. Operating on the blockchain, NFTs are stored on a distributed ledger that provides a public record of asset ownership – verified by a network of computers globally.

NFTs have incredible utility as real-world assets and are an area of increasing interest and value.By tokenising a real-world asset into a digital token of value, value can be traded, ownership can be frictionlessly transferred, and the digital tokens can be used to extract yield or be used as collateral to borrow against.