[2016-05-10] ET: Blockchain effect: Looking at future issues

[polynesia]

Blockchain effect: Looking at future issues

http://blogs.economictimes.indiatimes.com/et-citings/blockchain-effect-looking-at-future-issues/

If I’m going to send some money to somebody else, I have to go through an intermediary — a powerful bank, a credit card company — or I need a government to authenticate who I am and who you are. What if we could do that peer to peer? What if there was a protocol that enabled us to do transactions, to do commerce, to exchange money, without a powerful third party? This would be amazing. Several years ago, an unknown person or persons named Satoshi Nakamoto came up with the Bitcoin protocol. Once again, the technology genie has been unleashed from its bottle.