Blockchain revolution

how the technology behind bitcoin is changing money, business, and the world

348 pages

English language

Published Jan. 4, 2016

ISBN:
978-1-101-98013-2
Copied ISBN!
OCLC Number:
945730010

View on OpenLibrary

4 stars (1 review)

The Internet as we know it is great for collaboration and communication, but is deeply flawed when it comes to commerce and privacy. The new blockchain technology facilitates peer-to-peer transactions without any intermediary such as a bank or governing body. Keeping the user's information anonymous, the blockchain validates and keeps a permanent public record of all transactions. That means that your personal information is private and secure, while all activity is transparent and incorruptible--reconciled by mass collaboration and stored in code on a digital ledger. With its advent, we will not need to trust each other in the traditional sense, because trust is built into the system itself.

1 edition

Subjects

  • Financial institutions
  • Electronic funds transfers
  • Electronic commerce
  • Technological innovations
  • Mobile commerce
  • Bitcoin
  • Banks and banking