“…Blockchainhasbecomemuchknownresearchcommunityasagamechangerinthe21stcenturyand addressedasoneofthemosttechnologicalbreakthroughssofar (Thomas,2017).butstillthereisnoa cleardefinitionthatshowthefullcapabilityforthistechnology.Forexample,in2016,MPilkington hasdefinedtheblockchaininhishandbookasstructuredaroundnetwork,whichisevolutionary, Pilkington(2016).In2017,"blockchainoperatesasaplatformfortransferofvalueandcanpreserve theanonymityofthepartiestothetransaction" (Thomas,2017).Blockchainisadistributeddigital ledgerwhichinitiatesrulesofupdatedinformationandsavethemforever(Condosetal.2016).The BCtechnologyhasproventoprovidedatainintegrityandtrustedrecords.However,atthemost fundamentallevel,theblockchaindefinesas"aledgeror,moresimply,achronologicaldatabaseof transactionsrecordedbyanetworkofcomputers"LawrenceandTrautman(2016).Thiswhymany systemsarebuiltontheblockchaintechnologyinordertoachieveasecuredistributionofdatain untrustedenvironment (Xia,2017)Blockchainisanelectronicledgersystemthatavailabletothe publicasanopen-sourcetechnology (Dogru,Mody&Leonardi,2018).Theledgersystemallows disparate users to make electronic records of their transactions through a time-stamping system thatlinkseachtransactiontopreviousandnexttransactioninachronologicalmanner (Dogruetal., 2018).Eachelectronicrecordofatransactionistermedasablockandislikedtoaparticularuser. Thelinkedsystemallowsseveraluserstorecordtransactionsinacontrolledyetopenmanner.The ledgerscanonlybeupdatedaftertheparticipantsinthetransactionsreachaconsensus (Dogruetal., 2018).Further,allthedataenteredintothesystemcannotbeerasedensuringthatthesystemretains anauthenticandverifiablerecord,orallthetransactionsmadebytheusers.Thesystemissecured throughcryptographyandthenetworkednatureoftransactions (Dogruetal.,2018).Thenodesof adistributedledgerdonottrusteachotherandindependentlyverifythevalidityofthetransaction recordbeforeapplyingthemtonewtransactions.Theencryptionusedinblockchaintransactions utilizesadigitalfingerprintgeneratedthroughtheuseofahashingfunction (Dogruetal.,2018) (Benton & Radziwill, 2017).…”