The Blockchain: You keep hearing about it, but what does it really mean?
There are many definitions of blockchain out there, but simply put, a blockchain is like a database, it’s a way of storing records of value and transactions. What makes this type of database unique however, is that a blockchain can provide a decentralized distributed database. By this design, a “blockchain is inherently resistant to modification of the data and can record transactions between two parties efficiently, in a verifiable and permanent way.”
More and more, we are hearing about blockchain technology – especially Bitcoin – but many businesses don’t fully understand exactly what it means nor its potential to impact their business. While the most widely known use of blockchain is Bitcoin, it’s important to keep in mind that the two are not synonymous. There are many other uses for blockchain technology, extending well beyond digital payments cryptocurrency.
During this complimentary webinar, we will cover:
- Defining blockchain and how it works,
- The difference between blockchain and Bitcoin (and crypto-currencies),
- Current blockchain projects outside of crypto-currency,
- Future potential uses of blockchain,
- And more!
So, whether you want to just gain a better understanding of blockchain, or are curious how it may help you gain a competitive advantage, click below to download the webinar.