Blockchain has huge implications for a wide range of applications. It points the digital economy towards a new generation of internet - The Internet of Value - where people can send information and exchange valuable digital assets like currencies, property titles and identity information, in a trustworthy way. Blockchain transactions can happen without the involvement of centralised transaction management structures, like banks, stock exchanges and government agencies. It can store transactional history in a transparent and secure way, so that the chances of fraud, hacking and interference are eliminated. The technology could therefore revolutionise business transactions.
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