Blockchain. The word is all over the news these days. Put simply Blockchain systems are made up of open, distributed ledgers that can record transactions between two parties in a verifiable and permanent way. It means that people, companies and organisations can safely and securely do business online – even if they have never met the other party. Blockchain is how cryptocurrencies – such as Bitcoin and Ethereum – work. And it is increasingly being used in mainstream banking, contracting, voting, and more. This quick video explains why blockchain is poised to be the next frontier for digital transformation.
And, just in case you missed them, below are our other “Explanimators” episodes, starting with Episode 1: Artificial Intelligence.
Episode 2: The Internet of Things.
Episode 3: Mixed Reality.
Episode 4: Machine Reading.