Recently there’s been increased interest from enterprise and government in utilizing blockchain for increased security and transactional integrity. Peer-to-peer transfer of value, distributed processing, and immutable recordkeeping give blockchain the ability to enhance or replace existing transaction infrastructures in a wide range of industry verticals - with applications as payments, supply chain governance, identity, security, manufacturing, record keeping and much more making it a must watch technology for CIOs in practically any industry.
Bitcoin peaked just south of $20,000 USD in December of 2017. That rally alone drew new found enthusiasm for cryptocurrencies amongst the public. However, what’s even more exciting than cryptocurrencies, is the technology that enables them: blockchain.
Cryptocurrencies (digital money), like bitcoin, are now possible because of a new technological innovation called blockchain. Blockchain was invented by a person (or group of people) known by the pseudonym, Satoshi Nakamoto. To this day the inventor of blockchain has remained anonymous.