Blockchain And What You Need To Know

I was recently in Sydney and heard about a thing called “Blockchain” for the first time. This apparently came into existence in 2009 and was created to essentially support “Crypto currencies” such as Bitcoin, Litecoin, Ethereum and Monero to name a few. Bitcoin is by far the largest traded and well known crypto currency.

Essentially it pushes transactions away from a centrally based administrator as data is stored across the network. The creation of new data blocks every 10 minutes with reference to the previous block provide significant levels of security.

Blockchain will revolutionise the way we create and do business into the future – this is a significant game changer!

If you would like to find out more about Blockchain and crypto currency, click on the links below. They are from Ted Talk presentations earlier this year:

https://www.ted.com/talks/don_tapscott_how_the_blockchain_is_changing_money_and_business?language=en

https://www.ted.com/talks/neha_narula_the_future_of_money?language=en#t-654527

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