Daily updates of news, research and trends by UPCEA
Click on the URL at the end of posting to visit the relevant article or website mentioned in the post.
Wednesday, June 21, 2017
What next for blockchain? - McKinsey&Company
Blockchain technology is a distributed ledger. It allows for the permanent and immutable transparent recording of data, essentially, and transactions specifically. That can be used to exchange any number of things that have value, whether that’s an actual item [or something else]. It could be tea leaves making their way to the final tea maker. Or it could be me sending you a payment person to person without the need for intermediaries. I think of Bitcoin as being the entry point to a digital future where everything of value can and likely will be exchanged in digital format. Central banks will look to the Bitcoin experience to build central-bank-backed digital assets.
http://www.mckinsey.com/industries/high-tech/our-insights/what-next-for-blockchain