During this week’s Bitcoin.com podcast our host, Richard Jacobs, sits down with Tim Swanson, Director of Market Research of R3 consortium. They discuss blockchain, banking, and the mission of R3 as a banking company interested in blockchain and distributed ledgers.
Swanson defines blockchain technology and criticizes people for not clearly explaining or defining blockchain technology. It can be vague and nebulous, he says. He defines blockchain as a cryptographically-secured, tamper resistant data structure that is stored in a cloud.Read the whole post here. It is good to read and listen to people who are making things clearer and simpler as many of us are actually still struggling grasping the many technically strong jargon relative to cryptocurrency. The more we can simplify things and can convey the clearer picture the more that blockchain technology can get into the consciousness of the greater majority of the population.
