Blockchain is one of the most dynamic new technologies, but up until recently, there hasn’t been a lot accomplished in the way of creating viable distributed software titles. In fact, the most recognized technology created with blockchain is cryptocurrency. This says quite a bit. Today, we’ll look at blockchain-enhanced software and how it’s only a matter of time until it is a commonplace addition to most businesses.
CAI Managed IT blog
Blockchain is typically associated with Bitcoin. This shouldn’t come as a shocker because primarily that IS what it’s used for. However, blockchain isn’t a program, it’s not a product -- it’s a technology. Blockchain technology has endless possibilities when it comes to real world implementation. In the near future it will likely be utilized in many business transactions due to its versatility.
Blockchain technology is mainly known for its use with cryptocurrencies. Even though the values of cryptocurrencies have leveled off after the incredible growth it has sustained over the past few months, users are still attempting to use cryptocurrencies to make a little bit of extra cash on the side. Of course, if there is money involved, you can bet that there will also be criminals and shady activity surrounding it.
If you’ve heard of blockchain recently, there’s a pretty good chance it was in reference to cryptocurrency. With Bitcoin reaching record levels in December, the idea of using blockchain technology to develop digital currency was on a lot of people’s minds. However, the blockchain has a variety of other practical uses.