FinTech is a young industry rife with new and disruptive technologies. However, few are more widely discussed than blockchain, the technology behind cryptocurrencies like Bitcoin.
After existing for little more than half a decade, blockchain is already expanding across the financial services sector. What is it, and what can we expect to see in the coming years?
What is Blockchain?
Imagine the blockchain as a digital ledger which can be used to record transactions involving the exchange of anything which possesses value. Now, picture that same information being constantly shared between many different users, and continually updated to reflect new transactions.
In many ways, blockchain technology is like Google Sheets—the blockchain is basically a ledger hosted from countless different computers at the same, and...
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