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Blockchain Terms to Know API: products of and supported by interface between a blockchain and another piece of software BaaS: Blockchain-as-a-service: a third-party service for creating and managing cloud networks for companies in the examples of blockchain.
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Blockchain In 7 Minutes - What Is Blockchain - Blockchain Explained-How Blockchain Works-SimplilearnA blockchain is a digital ledger of transactions maintained by a network of computers in a way that makes it difficult to hack or alter. The. Financial services use blockchain to accelerate transactions and speed up close times. Some banks also use blockchain for contract management and traceability purposes. For example. SKUChain � Another blockchain system for allowing tracking and tracing of goods as they pass through a supply chain.
