Blockchain

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Distributed public transaction ledgers, called blockchains, enabling digital currencies and many other solutions

Distributed public transaction ledgers, called blockchains, enabling digital currencies and many other solutions

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Definition Definition
  • Distributed, public digital ledgers that authenticate and prevent duplication of financial and other transactions without need for central authority
  • Invented to enable launch of digital currency Bitcoin in 2009
Outlook Outlook
  • Becoming foundation of most new digital currencies
  • Incorporated into wide number of emerging applications beyond digital currencies, including distributed messaging, registries, clouds, voting, contracts, accounting, and payment systems
  • Utilized in both open public, as well as closed private, applications
Implications Implications
  • Enabling increased security, transparency, streamlining and automation of processes
  • Impacting broad number of business and legal applications beyond financial transactions
  • Allowing creation of autonomously-governed entities and systems
Innovators

Innovators

    Bitcoin, Coinbase Inc., Ethereum Foundation, TransActive Grid by LO3 Energy Inc., International Business Machines Corp.
How might you implement blockchain technologies to monitor, automate or streamline business processes, resulting in increased security, transparency and efficiency?
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