“The Blockchain is a collection of incorruptible digital ledger of economic transactions that can be programmed to record not just financial transactions but virtually everything of value.”
Blockchain is the process of open transaction payment gateway method which is totally based on digitalization. The Blockchain service is based on a chain, we can say that it depends on many companies & organization, people etc. This Blockchain service ledger record transaction between people with secure connection network with providing a secure way of transaction, agreement, frameworks and smart contract verified to take a right place and need to be recording anything.
The MultiChain technology is a platform that helps users to establish a certain private Blockchains that can be used by the organizations for financial transactions. A simple API and a command-line interface are what MultiChain provides us. This helps to preserve and set up the chain.