Bitcoin Forum

Contracts, transactions, and the records of them are among the defining structures in our economic, legal, and political systems. They protect assets and set organizational boundaries. They establish and verify identities and chronicle events. They govern interactions among nations, organizations, communities, and individuals. They guide managerial and social action. And yet these critical tools and the bureaucracies formed to manage them have not kept up with the economy’s digital transformation. They’re like a rush-hour gridlock trapping a Formula 1 race car. In a digital world, the way we regulate and maintain administrative control has to change.

Blockchain promises to solve this problem. The technology at the heart of bitcoin and other virtual currencies, blockchain is an open, distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way. The ledger itself can also be programmed to trigger transactions automatically. (See the sidebar “How Blockchain Works.

Read more at https://hbr.org/2017/01/the-truth-about-blockchain

You're right.. But I'm not sure why you're posting this here? We all are here at this forum because we know Blockchain is the future :P

Yeah. But regardless, it's still a good read. Nice brief explanation of what Blockchain really is.

It surely is a good read but don't you think its like violating the rules of Bitcointalk community. Why do we make a post ?
So that we can ask questions, solve our doubts and gain knowledge by helping each other. We could easily gather this information about the blockchain from googling for 2 mins. Why would it be so necessary for someone to post it here unless he is trying to achieve his post count for the signature campaign. That, according to me is a wrong thing.

For me the greatest innovation for this new millenium is the blockchain.
People mist now see its real potential,  it must not be restricted to cryptocurrency alone.
There are so much application wherein blockchain is truly beneficial. Corporations can make use of it in every way possible,  no more stacks of paper needed to be shown every auditing reports and more.
We just have to explore and make use of it.