What is Blockchain?

Please refer to the Blockchain Wikipedia page for the full explanation.

Blockchain: This is a system that records all activities that happens online and stores everything on the network.

Real life example: A financial book for a company with listings of their funds, sales, etc.

Important things to know

All records are available for everyone to see.
All records are permanent and no one can change or delete it.
The Blockchain records everything that happens online in every wallet available online with no limitation to the individual's identity.

Due to the Blockchain's nature, this helps ensure transparency for every accounts available.

Why is this important?

Transparency means no one can hide their illegal activities.
This provides collectors the ability to find suspicious activities and help artists from being exploited.