- Update 2022
Read the document @ https://www.pwc.com/us/en/financial-services/publi…
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 things—as well as how we verify who owns what and who has the right to buy and sell it.