Digital Currency, Bitcoin and Blockchain Technologies Advance, Business and Industry Trends Analysis

Blockchain is a revolutionary technology that creates a tamper-proof and lasting record (you might call it an electronic accounting journal, or a distributed ledger) of transactions with a very high level of encryption designed to deter hacking or alterations.  It works on a peer-to-peer data communication basis.  According to International Data Corp. Distribution, corporate spending on blockchain software was expected to reach $2.1 billion in 2018, compared to $945 million in 2017. Blockchain initially gained notoriety as the enabler for the bitcoin digital currency (a virtual repository of wealth that some people are willing to consider as an acceptable substitute…

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