You may have heard the term ‘blockchain’ and dismissed it as a fad, a buzzword, or even technical jargon. But I believe blockchain is a technological advance that will have wide-reaching implications that will not just transform the financial services but many other businesses and industries.
A blockchain is a distributed database, meaning that the storage devices for the database are not all connected to a common processor. It maintains a growing list of ordered records, called blocks. Each block has a timestamp and a link to a previous block.
Read Entire Article: https://www.forbes.com/sites/bernardmarr/2017/01/24/a-complete-beginners-guide-to-blockchain/#279d88d36e60
Read about the potential for blockchain technology to greatly improve governmental computer security
Blockchain technology promises to create an immutable set of transactions that cannot be forged or duplicated. As a result, any information technology transaction using blockchain gains the added benefit of effective cybersecurity. As federal managers begin connecting the dots between blockchain-ready technologies, and planning for integrations with existing platforms, there will be many technical, internal and citizen-facing hurdles to overcome.
Read Article: https://www.fedscoop.com/forging-technology-path-unlock-blockchains-value-government/
About Oliver Briscoe
Oliver Briscoe is a 20+ year veteran of the Informational Technology field. He understands his first principals and loves teaching others.