Blockchain is most simply defined as a shared, immutable ledger that facilitates the process of recording transactions and tracking assets in a business network. As a database, blockchain stores information electronically in a digital format and the technology is renowned for its crucial role in maintaining and securing cryptocurrency systems. It also guarantees the fidelity and security of a record of data and generates trust without the need for a third party, which significantly streamlines processes with end to end visibility and traceability.