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The technology at the heart of bitcoin and other virtual currencies, blockchain is an open, distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way. Henry ford capturedthis phenomenon brilliantly when he said if i had asked people what they wanted, they would have said faster horses. Took in business, we can expect blockchain innova That said, it's certainly fraught with complications, and even those who are close to it remain unclear as to how it will play out. Blockchain can also reduce the cost of transactions dramatically as it does not require a third party banker or a verifier for every transaction.
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