What is blockchain and what is it used for?

When we talk about blockchain technologies, we are referring to a set of software solutions and a series of networks that share a decentralised structure and a common protocol. What is blockchain used for? These technologies allow encrypted information to remain in transactions grouped into data structures called blocks, that get chained together as the nodes verify the transactions.

Blocks that have been validated by various nodes in the network (consensus) are integrated into the blockchain. If we consider that each block has a reference to the previous block, the blockchain becomes a completely decentralised database that no node in the network can manipulate without the consensus of the majority.

In the case of Docuten, the use of blockchain technologies provides a public and external audit service for documents and invoices that gives our clients a greater degree of security.

If you’d like more information on what is blockchain used for in the context of Docuten’s services, don’t hesitate to contact our team.