Blockchain operating logic
Blockchain technology is a complex concept consisting of the combination of different technologies. It consists of three basic elements;
1. BLOCKCHAIN NETWORK STRUCTURE
Blockchain is not a company, nor is it connected to a company or a head office. Since it has a distributed network of structures, there is no critical central point.
2. BLOCK CHAIN DATABASE
Thanks to its distributed network structure, it has a scattered database formed by linking the blocks containing records to each other with cryptography.
3. BLOCK CHAIN CRYPTOGRAPHY
We use encrypted messages on many platforms in our daily life. Messaging techniques include an application or online system based on encrypted end-to-end encrypted correspondence. These systems provide services by using various encryption techniques to the communication and messaging technique made between each other. Whereas, the consensus protocol specializes in blockchain. Every aspect of technology not only allows the blockchain to perform its functions securely and reliably, but also plays an important role in supporting and maintaining the network.
Supply chain management is an important entrepreneurial activity that includes tracking of products and services, casting and production of raw materials. Although it is seen that records are kept on paper, digital options are now in demand. Companies are trying to gain more efficiency in the field to increase their profits. This has made cloud-based systems an attractive option, especially in recent times. The blockchain can change the balances in the supply chain. In general, the data recorded by the software used in such transactions is available to a single company. The digital ledgers of the blockchain, on the other hand, make them accessible to other institutions and organizations as part of the process, and even to users.
Bibliography:
Blockchain Technology and the New Place of Cryptocurrencies in Our Lives
Dokuz Eylül University Faculty of Economics and Administrative Sciences Journal
techradar.com
kriptoparahaber.com
Blockchain Technology. Seta
pwc.com.tr