“Blockchain”—the technology underlying the virtual currency Bitcoin—has become a hot topic in the business world. Proponents claim that Blockchain has the potential to be as disruptive to business as the internet, and businesses in many industries are investing significant resources into exploring and developing applications for it.
In Part 1 of our two-part post on this subject, we’ll provide an introduction to the technology, its potential applications, and organizations that have been formed to foster it (similar to organizations formed during the development of the internet).
http://www.natlawreview.com/article/beyond-bitcoin-potential-distributed-ledger-technology-part-1