Digital identities are changing through blockchain.
Despite its apparent complexity, a blockchain is a type of database for recording transactions – one that is copied to all of the computers in a participating network.
Blockchain will affect the way that individuals and organisations interact, the way that businesses collaborate with one another, and the transparency of processes and data. There is a growing buzz about how it might transform not just banking but many other industry sectors too.
An extract from our latest blog “Blockchain 101 – Why is this relevant for Global Mobility?"
Even though the ‘Blockchain’ concept has been around for a while, it really only made big news fairly recently; entering the mainstream psyche thanks to Bitcoin and its incredible media-frenzied surge over the last 12 months. It is however important to acknowledge that Bitcoin and Blockchain are not the same thing. Blockchain is the technology concept on which a cryptocurrency such as Bitcoin is based, or in other words, Bitcoin is just one use case for Blockchain technology.
Read the blog: Blockchain 101 – Why is this relevant for Global Mobility?