Blockchain is a public ledger that records all bitcoin transactions. It records all transactions that have ever occurred and is available to the public. Essentially meaning that everyone on the network can view each others account balances. Bitcoin being an online currency has all its information recorded online through the chains.
Peer to Peer Network
In addition Blockchain was able to solve the common problem with online currency known as double spending. It also means that the record cannot be altered retroactively without affecting all past blocks on the system. By storing data across the peer-to-peer network, it considerably reduces the risks that come with centrally held data.
Blockchain wasn’t invented as a supply management tool; yet, today it is helping to solve some of the most complex problems existing in global supply chains.
Switzerland’s Federal Department of Finance (FDF) explains the country’s position as an attractive location for digital innovations, focussing on blockchain and initial coin offerings (ICOs)
Concierge.io claims its blockchain booking system would eradicate commission fees for vendors, while also allowing them to interact directly with customers
AirTM, which enables individuals and businesses to complete financial transactions, has announced that it is expanding its reach to include ten major blockchains including bitcoin
Microsoft has announced plans to use blockchain technology to create a decentralised identity system making it easier for consumers to self-control their customer data.
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European Union will increase its blockchain funding from 83 million EUR to 340 million EUR by 2020
The European Union will increase research funding for...
