Blockchain Technology Disrupting Traditional Records Systems
Financial Insights - Dallas Federal Reserve Bank
4 Pages Posted: 13 Jul 2017
Date Written: July 5, 2017
This article gives a very general introduction to the technology, promises and limitations of blockchain technology --- popularized by the digital currency Bitcoin and a key force behind the surge of cryptocurrencies. Blockchain acts as a distributed database or joint global register of all transactions --- a decentralized digital ledger --- and has the potential to become a disruptive force in the financial industry and elsewhere, bypassing traditional, centralized channels such as banks.
Keywords: Blockchain, Bitcoin, Cryptocurrency
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