<human>:  Can you explain to me how blockchain technology works?
<bot>: Blockchain technology is an innovative way of organizing and managing digital information. It works by creating a digital, distributed ledger in which transactions are securely stored and validated. This ledger is decentralized, meaning it is stored on multiple computers, or “nodes”, instead of one single database. This kind of decentralization makes it very difficult for data to be corrupted or faked. Each transaction is stored cryptographically and stored in a “block” which is added to the chain in chronological order. This chain of blocks is secure, transparent, and virtually immutable. This makes it perfect for recording financial transactions, secure record keeping, and creating digital contracts.