Most people associate blockchain technology with the popular cryptocurrency Bitcoin. The two gained fame around the same time due to ground breaking inventiveness. Bitcoin operates on the blockchain system, a distributed ledger technology. Aside from being the platform for cryptocurrency, blockchain is making its way into other industries.

Banking is one dominant industry blockchain has entered. Due to  system decentralization it creates transparency, security, and makes the middle man (the bank) nearly obsolete. Users are armed with a digital signature with which to make changes or transfers of data. Because everyone has unambiguous access to view the data it is a truly game-changing technology. Continue reading →