There is a lack of trust in some sectors of finance. A fraud-proof system of transacting money is being developed – called Blockchain. It is the model on which Bitcoin – the virtual currency is built. Newsnight’s technology editor David Grossman reports.
This BBC video calls Blockchain technology so incredible that “…it’s impossible to imagine before its inception but afterwards defies imagining life without it”. If you are interesed in Blockchain this is a great video, not only because it gives a very brief breakdown of what blockchain is, a distributed database of transactions, but also because it gives you a view on what it can be used for.
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