Category: Blockchain

The blockchain technique became known because it is part of bitcoin, the cyber currency that was the subject of much fuss. But blockchain can be applied much more widely. The true blockchainiacs cherish visions of how this technique will make all banks and central authorities superfluous. But ABN AMRO and others are now starting to work on it themselves.

 

Whether the bitcoin is doomed to ruin can be disputed, but at least it has permanently put the blockchain technique on the map. The bitcoin is a virtual currency that is not put into circulation by a central authority – such as a bank – but is guaranteed by smart crypto technology and a network of users. (read here about the ups and downs of the bitcoin).