Lately, blockchain technology has created a lot of attention and excitement. As a novel way of organizing transactions and contracts, it has the potential to completely change the way we think about money, social organization and trust. But what is it, and how does it work?
Since 2008, blockchain has served as the backbone of a new digital currency, the Bitcoin. The reason for why it is so crucial for Bitcoin and other digital currencies is that it allows for transactions to be made reliably, but without third parties – which is also why it could transform not just money, but other forms of social organization, such as voting, property, or work.
http://futurism.com/blockchain-is-transforming-our-society-and-our-world/
