Bitcoin is the world’s first completely decentralized digital currency, also known as a cryptocurrency. Bitcoin introduced a technology called a blockchain, which is a peer-to-peer distributed ledger of time stamped transactions.
What Blockchains Can Do:
Eliminate agents or dealers in transactions, saving costs;
Provide banking without the need to go to a bank;
Validate and secure almost anything;
Enhance cloud technology;
Ensure transparency in transactions.
What’s Ahead For Blockchains:
Blockchains have already been adopted by large financial institutions like JPMorgan Chase & Co, with other banks expected to join in the act in the coming months.
Cryptographically secured currencies will become widely used.
Nasdaq will launch blockchain-enabled digital ledger technology that will be used to expand and enhance its equity management capabilities.