Alastair Murray explains how blockchain can provide security and efficiency benefits for businesses.

The technique called ‘blockchain’ was first referred to in 1991 when researchers came up with the idea of time-stamping documents to prevent them from being changed or deleted. Its next appearance was when the crypto-currency bitcoin was created in 2009 which used the same time-stamping technique to store its data.

In some ways, the basic elements of blockchain have existed for many years, but are only now starting to merge together to form something much bigger to potentially change the way we go about our daily lives.

What is the point of ‘blockchain’?

A blockchain consists of software code shared over thousands of interconnected computers or nodes around the world to track and...

Alastair Murray
The Bureau

This article is part of a subscription-based access, to continue reading, please contact your library