Navigating the disruption risks of blockchain
By now, most people have heard of blockchain, the breakthrough technology underlying the digital currency Bitcoin.
Blockchain is poised to disrupt the third-party trust model that underpins traditional transactions. Blockchain's distributed ledger technology is protected by advanced crypography and authenticated by a peer-to-peer consensus system, rather than a central clearing house. As a result, proponents believe it can provide a more transparent and secure means of recording and transmitting transacations.