Blockchain is also called Distributed Ledger Technology (DLT). It helps make the story of any electronic asset unalterable and transparent by utilizing cryptographic hashing and decentralization.
An easy analogy for comprehending blockchain engineering is a Google Doc. When we make a document and discuss it with a team of individuals, it is spread rather than copied and transferred. This causes a decentralized distribution chain that provides everyone permission to access the booklet in the process. Nobody is locked out awaiting modifications from yet another update, while most doc adjustments have been recorded in real-time, making changes transparent.
Naturally, Blockchain is much more complicated than a Google Doc, though the analogy is apt since it illustrates three grave opinions of the technology: