Monday, September 21

Tag: Dave Birch

Blockchain The revolution that hasn’t quite happened

Blockchain has struggled to find a purpose, beyond powering cryptocurrencies like Bitcoin. In that scenario, the blockchain acts as a universal record of every Bitcoin transaction ever made. The blockchain is a ledger, or log, of those transactions and users on the network collaborate to verify new transactions when they occur. They're rewarded financially for this effort - an enterprise known as "Bitcoin mining". But the basic idea, of a ledger of information distributed around lots of different users instead of held centrally, has provoked a lot of interest. Proponents have long argued it could be a better alternative to traditional databases. The question is, how transformative would blockchain-style substitute can it really be? The shop tills example was suggested by Dave B...