AWARD YEAR
2017
CATEGORY
Work
GOALS
Innovative Financial System
KEYWORDS
digital currency, cybersecurity, Bitcoin
COUNTRY
United States of America
DESIGNED BY
Don Tapscott
WEBSITE
https://www.blockchain.com/
Blockchain
How the blockchain is changing money and business
Cybersecurity was one of the biggest stories of 2016. Now everyone is looking for a better solution – and not a moment too soon. With our current Internet-based infrastructure, every database, every server and every asset is vulnerable.
Blockchain says it tries to make it easier for people across the globe to use Bitcoin.
Blockchain technology is a distributed, tamper-proof public ledger of transactions that has been used to securely record loans, transfer stocks and business contracts. Blockchain works through a peer-to-peer computer network exchange where each node in the chain keeps a copy of the ledger and can trust others' copies because of the way they are signed using encrypted hash keys. Blockchain uses the power of cryptography and a network of distributed computers to create a real-time, unforgeable and cryptographically secure record of a transaction or series of transactions.