[2017-02-07] BS: Blockchain tech to see commercial adoption by 2020

[polynesia]

Blockchain tech to see commercial adoption by 2020: Study

http://www.business-standard.com/article/pti-stories/blockchain-tech-to-see-commercial-adoption-by-2020-study-117020701098_1.html

A number of bankers expect commercial adoption of blockchain technology by 2020, with many financial institutions already investing or planning to invest during 2017, a study by Infosys and LTP today said.

Blockchain is like a huge, decentralised ledger for bitcoin (digital currency) that records every transaction and stores this information on a global network so that it cannot be tampered with.

It allows secure, peer-to-peer transactions that can be verified without any centralised authority.