Beyond Bitcoin: How Business Can Capitalize On Blockchains

snydeq writes: Bitcoin's widely trusted ledger offers intriguing possibilities for business use beyond cryptocurrency, writes InfoWorld's Peter Wayner. "From the beginning, bitcoin has assumed a shadowy, almost outlaw mystique," Wayner writes. "Even the mathematics of the technology are inscrutable enough to believe the worst. The irony is that the mathematical foundations of bitcoin create a solid record of legitimate ownership that may be more ironclad against fraud than many of the systems employed by businesses today. Plus, the open, collaborative way in which bitcoin processes transactions ensures the kind of network of trust that is essential to any business agreement."

Comments

I have said it before...

[wbr1]

You want to track digital media? Attach it to a blockchain. Crazy strong DRM, but managed correctly could also allow for gifting and resale.