Category Archives: Bitcoin Infograpics
Bitcoin may be best known for facilitating darknet transactions and paying off ransomware hackers, but the digital currency is being accepted by banks and governments around the world as a new model for money. Furthermore, the disruptive technology underlying Bitcoin can be used for much more than money.
A blockchain is essentially a distributed, immutable ledger. While it’s giving the world of finance a lot to think about, top innovators see potential for numerous other applications as well. In fact, any system that relies on ledgers could see an increase in both efficiency and reliability if the power of blockchains can be harnessed.
For enterprise-level business, blockchain technology could be a real game-changer, but many business leaders don’t yet see the potential for practical applications – especially when investment in the experts who can build those applications is pricey, and most are relatively new to the business scene.
This article and accompanying infographics break down what blockchains are, how they work, and how businesses can use them to revolutionize everything from inventory to production schedules.
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