Posted by & filed under disruptive technology, e-payment, Ecommerce, Functional Information Systems, industry analysis, Security, System development.

Description: A new development in asset exchange transactions.

Source: TechCrunch

Date: October 3, 2015

blockchain

 

To process a transaction, you need first to make sure the sender owns the asset he wants to transfer, and make sure he will not trade it twice. In the blockchain, information is stored in blocks that record all transactions ever done through the network. Hence, it allows validating both the existence of assets to be traded and ownership. Read More

Questions for discussion:

1.  Do you feel that Bitcoin was a game changer or more of a failure?

2. What do you think this means for both financial institutions and consumers?

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