Blockchain is a decentralized, digital ledger that is used to record transactions across many computers so that the records cannot be altered retroactively without the alteration of all subsequent blocks and the collusion of the network.
Since the seminal paper by Satoshi Nakamoto (2008), blockchain has risen as one of the most important trends in technology with applications ranging from finance, to supply chains, and more.
In this chapter, we’ll be exploring everything a nontechnical decision maker needs to know about blockchain. We’ll start with the history of money, and how this incentivized the creation of blockchain technology, before moving on to other types of application (Figure 5.1).
The Evolution ...
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