Block-chain Beyond Bitcoin
Blockchain technology is a distributed ledger. It allows for the permanent and immutable transparent recording of data, essentially, and transactions specifically. That can be used to exchange any number of things that have value, whether that’s an actual item or something else.
Video Credit: Mckinsey.com (McKinsey’s Rik Kirkland, Liana Douillet Guzmán)
The blockchain is really at the initial stage, similar to the Internet in 90’s. A lot of unknown bundled with lots of hope. Like we had the dot com boom, we are experiencing a similar boom in cryptocurrencies. Apart from major players like Bitcoin, Ethereum, etc, there are a number of other currencies making an impact like Litecoin, Mazecoin, Dash etc. We are looking into an amazing future and this technology will touch almost all industries in one way or another.
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