What is Blockchain?

Blockchain decentralized computation and information sharing platform that enables multiple authoritative domains, who do not trust each other, to cooperate, coordinate, and collaborate in a rational decision-making process.

the keyword that we have in this particular definition is this decentralized that is an important aspect of a blockchain, then this computation and information sharing platform,

blockchain broadly you can think of it is a decentralized database that helps in cooperation between multiple authoritative domains.

In this terminology, multiple authoritative domains are the third keyword.

the technology is particularly useful when multiple parties or individuals want to cooperate, and they want to come to a common platform to share the information among themselves.

And another important aspect of blockchain is that whenever we are talking about multiple authoritative domains.

In these multiple authoritative domains, they do not trust each other. So, this is an important aspect of blockchain that you can combine multiple authoritative domains who do not trust each other and they can come to a common platform where they can cooperate, coordinate and collaborate in the application development process at the business intelligence process.
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