Well, simply put, the blockchain technology is a digital ledger that facilitates transparent and secure transactions to be recorded without the need for a centralized source of verification. Each transaction conducted utilizing blockchain tech is recorded, verified, and then added to the ledger creating a chain of verified transactions.

This being the case, as for the Level01 platform to be fully secure, fully transparent, and truly decentralized, the utilization of blockchain technology was imperative in ensuring it is able to achieve this.

In effect, blockchain tech allows for a recorded ledger of each trade which in part can be verified within a decentralized format while maintaining transparency.