Blockchain
From ACT Wiki
1.
A distributed, secure database of transactions, also known as 'distributed ledger technology'.
2.
A database of cryptocurrency transactions.
Blockchain defined and differentiated
- "Blockchain is essentially just a register, or ledger, of assets or transactions that can be replicated across a network...
- There are marked differences between the blockchain protocols that underpin the operation of cryptocurrencies like Bitcoin and cryptographic protocols that are being considered for all those decentralised ledger applications being looked at through collaborations between the banks and major fintech providers.
- Bitcoin by design operates very publicly, albeit the actors themselves are, in fact, able to remain relatively anonymous.
- In the banking environment, the rules for the operation of the ledger are set by the organisation and while the ledger may be deemed distributed, it effectively remains under the guardianship of a number of trusted intermediaries."
- The Treasurer magazine, November 2017, p44 - Charlie Barling, director, Chisoli Treasury Solutions.
See also
