With blockchain we could be seeing the future of finance but who knows when that future will occur? The corporate world’s gone blockchain mad. If companies aren’t exploring its possibilities, they’re being talked about as potential victims of the disruption it will cause. Whether it’s reducing the time and cost of settling financial transactions or eradicating corruption in the Honduras land registration process, it seems there’s hardly any problem that the distributed ledger technology that underpins Bitcoin can’t solve. There’s now a lucrative market for blockchain consultants, with tiny start-ups getting paid millions in fees or receiving large equity investments from some of the world’s corporate giants and biggest financial institutions. What is a blockchain? It’s simply a ledger of transactions outlining who sent what to whom. The difference is that this ledger is distributed and managed by numerous unrelated individuals who are linked to a computer network rather than controlled by one single authority. Read full article here: (VIEW LINK)
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Blockchain is definitely some interesting technology, I doubt the size issue will stop it, but it could certainly slow down development.