#WOTW – Word of the Week – Blockchain

02 Feb #WOTW – Word of the Week – Blockchain

#WOTW: Blockchain – a new concept in tech-based information transfer. Instead of a centralised, trusted data controller defining the single source of truth, the complete ledger of transactions or interactions is distributed amongst a full community of (usually anonymous) users. In a series of auditable “blocks”. With potential for significant disruption particularly in financial industries. Most commonly associated with Bitcoin. And coined (ha ha!) as the word for Distributed Ledger Technology.

 

Image Credit:  123rf.com/profile_monsitj

 

 

 

 

 

 
PDobson
peter.dobson@phase3consulting.co.uk
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