Go anywhere near the upper echelons of a bank or finance firm right now and there’s one buzzword you’ll hear over and over again — blockchain.

First invented to underpin bitcoin, blockchain technology uses decentralized record keeping and the scrutiny of the “crowd” to allow people to trade bitcoin on a public network without working through a trusted middle man like a bank or clearing house. Complex cryptography keeps the records from being tampered with once they’re signed off on.

The world of finance has worked itself up into a frenzy over how much money this technology could save if read more >>>

Source : BusinessInsider.Com