Blockchain Building

bitcoinWhile Bitcoin may or may not become mainstream, the blockchain technology that undergirds it, a “distributed ledger” which is a database maintained not by a single actor but by many participants simultaneously, slowly will. Financial trades could be settled instantly absent intermediaries (banks, brokers), reducing risk and cost. Another example, the maintaining of land ownership records which would eliminate the need for title insurance. Confidentiality and scalability remain stumbling blocks.

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