Tech behind bitcoin can help check counterfeiting: RBIMUMBAI: Exactly two years after it issued a caution against use of virtual currency bitcoin, the Reserve Bank of India has come around to appreciate the strengths of the underlying 'blockchain' technology. Blockchain is a digital platform which records all bitcoin transactions in a way that cannot be altered.
In December 2013, the RBI had cautioned users, holders and traders of virtual currencies (VCs), including bitcoins, about the potential financial, operational, legal, customer protection and security-related risks that they are exposing themselves to.
http://timesofindia.indiatimes.com/tech/tech-news/Tech-behind-bitcoin-can-help-checkcounterfeiting-RBI/articleshow/50329014.cms
