network

Foundation Year: 2008

Type: Technology, Concept

Current State: Seed

About:

A new type of distributed database that can store transactions between each 2 individual nodes that are part of the block chain data structure. The major benefit of this model is that transaction that are made are published across the distributed network almost immediately , it cannot be denied or modified once it was created. This framework that was invented and used first for bitcoin transactions seems to be more useful so far that the bitcoin itself. It can be used for different purposes in different fields, among them the financial industry that examining solutions based on blockchain as a platform to make money transactions between financial institutions around the world safely and cheaper than in traditional IT networks.

Blockchain is predicted to make a revolutions in many aspects as it will decentralize the power of many authorities in different business domains


Contributing  technologies:

peer-to-peer-network, cryptography


Main implementations:

Ethereum

Bitcoin


News:

about block chain and bitcoin June 2016

IBM Set to Launch One of the Largest Blockchain Implementations to Date July 2016

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