Blockchain and Financial System Impact

Credit to Author: Keith Rayle| Date: Fri, 17 Mar 2017 07:50:01 -0700
Blockchain is a technology that basically distributes a ledger. For those of you in the financial management world, you know a ledger as the trusted source of transactions or facts. The same is true with blockchain. But instead of existing in a large leather bound tome or in a financial management application, blockchains are managed by a distributed set of computing resources working together to maintain that ledger. Each transaction, or block within it, is linked together in an indisputable manner using public/private key encryption and internal…
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