Riding the Blockchain Train – Why People Are buzzing about Blockchain but not actually using it. – Bitcoints

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Published on April 19th, 2017 | by bitcoin

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Riding the Blockchain Train – Why People Are buzzing about Blockchain but not actually using it.

In 2014, Blockchain technology was introduced as the technology which underpins Bitcoin.
Mainly because of the lack of other important components in Bitcoin that synergize with Blockchain technology to create a $20 bln financial network.


Since late 2016, banks, financial institutions and corporations have announced successful testing of Blockchain technology claiming to have demonstrated the potential of Blockchain within various industries.
In other words, the so-called “Blockchain technology” currently being developed by banks and financial institutions have no real active users.
For instance, with a private Blockchain network, immutability isn’t guaranteed and the Blockchain is no longer unalterable.

Source: Cointelegraph.com

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