Modeling the Blockchain for Business Use

Modeling the Blockchain for Business Use

As one of the hottest technological developments making the rounds in financial circles, the blockchain has a lot of people hooked. But there is not yet much clarity on how blockchain technology will impact private business, given that it is so unlike traditional IT architectures. Private blockchain applications are amalgams of cryptography, immutable transaction log/ledgers, federated transaction approval mechanisms, distributed databases and peer-to-peer software. Since any proprietary business function using blockchain technology is by definition private, the network is only accessible....


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Quotes

These past days, I have done a lot of thinking about Bitcoin that ended up with me investing all of the money I had saved and all that I can borrow into the currency.

Rick Falkvinge, IT Enterpreneur, Politician. Founder of the Swedish pirate party