Blockchain and Cryptocurrency for Business

This white paper explores the emerging technology paradigm of blockchain and cryptocurrency. From an explanation of technical underpinnings, to how they fair in the face of challenges such as regulation and security.

Excerpt from the white paper:

Introduction

This white paper explores the emerging technology paradigm of blockchain and cryptocurrency.

 

From an explanation of technical underpinnings, to how they fair in the face of challenges such as regulation and security. The paper concludes with insight into the challenges of integrating these nascent technologies with today’s businesses, and solutions that are emerging to meet these challenges.

 

What is a blockchain?

To get a handle on the concept of a blockchain, you can imagine it as a ledger book, or database, that’s available for all to see. A shared resource that is replicated across the entire user network, constantly evolving and constantly being validated.

 

When a transaction is made, the record of this (both parties, exchange of value, date and more information on some blockchains) is applied to the blockchain. This record remains forever. This presents the ultimate in transaction transparency and auditability.

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