In its most basic form, Blockchain is a time-stamped series of immutable data records managed by a network of computers not owned by any single entity.
Each of these data blocks (i.e. blocks) is encrypted and linked to the others using cryptographic principles (i.e. chain).
So, what makes it unique, and why do we believe it has the potential to disrupt the industry?
The blockchain network has no centralized authority; it is the epitome of a decentralized system.
Because it is a shared and immutable ledger, its information is available to anyone and everyone. As a result, anything built on the blockchain is by definition transparent, and everyone involved is held accountable for their actions.