Block Chain
Content
Definition
Block Chain in fundraising refers to a digital ledger technology used for securing decentralized transaction records, notably in cryptocurrency transactions.
Usage and Context
Block chain technology is mainly used in cryptocurrency, like Bitcoin. It keeps a secure and transparent record of all transactions.
Frequently asked questions
- What is meant by block chain? Block chain is a digital system that records transactions across many computers. This ensures the records cannot be altered without changing all subsequent blocks.
- Who does the board of directors represent? The board represents the interests of the company`s shareholders. They make sure the company is run well.
- What are the 4 main functions of the board? The main functions are setting strategies, picking top executives, overseeing company management, and protecting shareholders` interests.
Benefits
Block chain offers secure transactions. It also makes data transparent and hard to tamper with. This builds trust in digital transactions.
Conclusion
Block chain technology is key for secure, transparent digital transactions. It supports cryptocurrencies and can be applied in various industries for reliable record-keeping.
