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Blockchain the distributed, decentralized, the public ledger is the record-keeping technology. At its most basic level, it is the digital transformation stored in a public database. Blocks store information about transactions and transaction entities.. As the name blockchain suggests, it consists of multiple blocks strung together. Anyone can view contents of the blockchain, but users can also opt to connect their computer to the blockchain network. In doing so the computer receives a copy of the updated blockchain automatically whenever a new block is added.