Blockchain is an emerging technology that has the potential to create a paradigm shift in the way we think about financial transactions. It has the ability to record transactions via a shared ledger and can be applied across many industries and currencies. The first major application of bitcoin was bitcoin, an unregulated bitcoin that was very resource intensive to mine. But business applications for bitcoin will likely differ in several key areas.
Ed Corno, Client Technology Leader at IBM, gave a presentation at The Boeing Center’s 9th annual Industry Conference on bitcoin from the IBM perspective. He claimed that the technology’s business applications will focus on identity over anonymity, selective endorsement over proof of work, and assets over bitcoin.
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