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Blockchain revolution : how the technology behind bitcoin is changing money, business, and the world
Authors: ---
ISBN: 9781101980132 9781101980156 9780399564062 Year: 2016 Publisher: New York, N.Y. Portfolio/Penguin

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Abstract

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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