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What is Blockchain?
A blockchain is simply a distributed database that stores a reliable / immutable record of who owns what, and who transacts what.

Blockchain is based on distributed ledger technology, which records data across a peer-to-peer network.
Every participant can see the data and verify it using consensus algorithms.
Authenticated data is entered into the distributed ledger as a collection of “transactions” forming a "block", stored in a chronological “chain of blocks”
The blockchain's integrity is secured through the smart use of cryptography
Blockchain, as the basis for "Internet of Value", can record any items of value from land titles, to shares in companies, to the laptop or smart phone in front of you... The possibilities are limitless!
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