Blockchain Reading for 08/17/2017

Print Friendly, PDF & Email
Rate this post
  • “Blockchain has drawn the most attention for its role as a platform for cryptocurrencies: since its debut in 2008, it has helped spawn more than 800 of them, including Bitcoin. But cryptocurrencies serve mostly as fodder for speculative investments, toys for technologists, and instruments for money laundering. Blockchain’s deeper impact on global commerce will come from its use by businesses and financial institutions. Some are already employing it to digitize contracts, eliminate intermediaries in financial transactions, and make ledgers easier to audit. Because blockchain provides a distributed digital record that does not require trust or coordination between firms, it allows for secure, standardized transactions to occur almost instantaneously, even across borders.”

    tags: bc

Posted from Diigo. The rest of my favorite links are here.