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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.
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Previews available in: English
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Blockchain revolution: how the technology behind bitcoin is changing money, business, and the world
2016, Portfolio, Portfolio / Penguin
in English
1101980133 9781101980132
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Includes bibliographical references (pages 313-336) and index.
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