Blockchain is a combination of two long-standing technological developments.The first one is distributed ledger technology, and the second one is cryptography. The same holds true with bitcoins as a cryptocurrency. Its base is the blockchain which sits on the two old technologies. We see how human innovation is truly avoiding reinventing the wheel and the efforts are paying off.
If after hours trading refers to the case of trading, what’s stopping financial institutions from enabling after hours trading online today?
As Bitcoin and blockchain grew increasingly popular, banks and large corporations noticed the potential applications of this new technology.
The greatest benefits blockchain has introduced into database systems is immutability. While data can be added and “updated”, it cannot be deleted or edited. However, does it guarantee the accuracy of the data?
The Asian Pacific region is one unique region in the world that has witnessed the rapid growth of blockchain application. Perhaps only next to Europe and the US, it has surpassed Latin America and Africa combined.
When it comes to adopting blockchain applications, there is usually a cultural lag in many societies. It took several years for millions of people to start using the internet and its various services. However, it appears blockchain adoption may take a similar root, with some countries catching up perhaps decades from now.
