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Blockchain technology is a decentralized ledger that records

1. Intro Blockchain technology is a decentralized ledger that records transactions. In other words, it is a record of transfers. Blockchain technology was first used in the cryptocurrency Bitcoin and has since then been adopted by a wide range of industries. The concept has had a positive impact on several industries, and the most notable being in finance. The technology allows for distributed systems to operate without the need for central authorities such as banks or governments. Blockchain technology allows for two types of transactions:  "Smart Contracts", which are software programs that run on computers around the world and allow for automated transactions between parties who do not have an ability to physically meet each other (such as through an electronic communication network).  "CryptoKitties" are digital assets, such as virtual cats, that can be bought and sold via blockchain technologies. Blockchain offers many benefits over conventional upload file se