The document outlines the history and development of a new technology called blockchain, which uses cryptography to allow decentralized control over transactions without the need for a central authority. Blockchain was first implemented in 2009 with the creation of the digital currency Bitcoin, and has since grown significantly with many new applications in areas like banking, supply chain management, and digital identity. While the technology is still evolving, blockchain is positioned to transform how transactions are conducted and recorded across many industries in the coming years.
The document outlines the history and development of a new technology called blockchain, which uses cryptography to allow decentralized control over transactions without the need for a central authority. Blockchain was first implemented in 2009 with the creation of the digital currency Bitcoin, and has since grown significantly with many new applications in areas like banking, supply chain management, and digital identity. While the technology is still evolving, blockchain is positioned to transform how transactions are conducted and recorded across many industries in the coming years.
The document outlines the history and development of a new technology called blockchain, which uses cryptography to allow decentralized control over transactions without the need for a central authority. Blockchain was first implemented in 2009 with the creation of the digital currency Bitcoin, and has since grown significantly with many new applications in areas like banking, supply chain management, and digital identity. While the technology is still evolving, blockchain is positioned to transform how transactions are conducted and recorded across many industries in the coming years.