Imagine a world without banks or a stock market exchange (and depositories) or a property register or a virtual currency.
Basically no central processing authority while being able to transact with anyone with highest possible degree of trust and security.
Blockchain has the potential to change the way we buy and sell, interact with government and verify the authenticity of everything from property titles to organic vegetables.
It combines the openness of the internet with the security of cryptography to give everyone a faster, safer way to verify key information and establish trust.
Read more at http://www.goldmansachs.com/our-thinking/pages/blockchain/
Basically no central processing authority while being able to transact with anyone with highest possible degree of trust and security.
Blockchain has the potential to change the way we buy and sell, interact with government and verify the authenticity of everything from property titles to organic vegetables.
It combines the openness of the internet with the security of cryptography to give everyone a faster, safer way to verify key information and establish trust.
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