by PWC — published in 2016

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At a very high level, the blockchain is a decentralized ledger, or list, of all transactions across a peer-to-peer network. This is the technology underlying Bitcoin and other cryptocurrencies, and it has the potential to disrupt a wide variety of business processes.

If the Internet is the foundation for digital innovation of all kinds, blockchain technology is the underpinning of a radical rethinking of how we pay for thingsā€”as well as how we verify who owns what and who has the right to buy and sell it.

Private sector, Economic, Technological, Technology trends, business models, digital ecosystem, empowerment, open source