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A blockchain is a distributed decentralized ledger which is spread across a network which is shared over a peer-to-peer setup. This means that data exchange happens directly and there is no central authority which controls or manipulates it.

The first and major issue related to its adoption is its scalability. Though transaction networks are capable of processing thousands of transactions per second without any failure, when it comes to Bitcoin (roughly, 3 to 7 transactions per second,) and Ethereum ( 15 to 20 transactions), there is a remarkable slowdown in processing the transactions, making Blockchain unviable for large-scale applications.

The inefficiency of the agricultural supply chain leads to an estimated loss of almost 30% of food every year around the world. Blockchain technology aims to improve this figure by providing farmers with a better market benefit to enhance their livelihood.

A blockchain is a distributed ledger technology that became popular for powering Bitcoin, the first cryptocurrency that the world was introduced to. That said, in this article, we will be discussing how network engineers can benefit from blockchain technology. Let us first start by understanding what blockchain is and who network engineers are.

As per news reports, Telefonica, the telecommunications giant, will soon grant access to its blockchain to 8,000 firms in Spain, through its partnership with the local Association of Science and Technology Parks (APTE). As per a report published by TotalTele, the telecom news outlet, Telefonica will be deploying Hyperledger-based blockchain nodes at APTE's 52 sites.