Block Chains: Myths and Realities
Say the words block chain, and many immediately think of bitcoin. They think of speculative investments with wild returns and financial model beyond understanding. How can block chain have a role in proper business society?
As with many emerging technologies, people often confuse one particular application of that technology with the underlying goals and concepts. Bitcoin is just one application using block chain technology to validate financial transfers between two parties. Block chain is a new technical approach primarily focused on addressing the challenges faced when recording transactions in an open, distributed ledger. Accomplishing this requires distributed and synchronized computation on a national or global scale, publishing results in a controlled fashion, with conflict detection and resolution.
So, what is block chain, and how can it be used? Come and find out for yourself.
- What are the current challenges and issues?
- What is block chain and how can it help?
- What strengths, drawbacks, and limitations does block chain have?
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