Blockchain is a technology that has made notable inroads in the press during 2015. Bitcoin has been in the press quite a few times during the year, notching up all-time-high valuations, then noting all-time drops in valuation. The technology behind bitcoin is Blockchain – but what is it and how might it be leveraged?
In a nutshell Blockchain is a distributed ledger or distributed database that offers continuous updated view of a set of transactions that has no central point of control or failure. The long list (or chain) of transactions committed to the database are copied automatically across the network.