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Tuesday, 11/21/2017 11:41:57 AM

Tuesday, November 21, 2017 11:41:57 AM

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At a very high level, blockchain is simply a digital decentralized ledger that keeps a record of all transactions that take place across a peer-to-peer network. Information will no longer be centralized and controlled by a 3rd-party. Blockchain is the technology that enables the existence of cryptocurrency, among other things. Bitcoin is the name of the best-known cryptocurrency, the one for which blockchain technology was invented. It is also the backbone of numerous other cryptocurrencies such as Ethereum and Litecoin. A cryptocurrency is a medium of exchange, such as the US dollar, but is digital and uses encryption techniques to control the creation of monetary units and to verify the transfer of funds. As an underlying technology, blockchain has potential applications far beyond Bitcoin and cryptocurrency. Globally, companies and financial institutions are actively exploring how they could also use blockchain technology to build next-generation business software.

https://finance.yahoo.com/news/vemanti-group-sets-corporate-focus-210000181.html

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