Should people invest in virtual currencies such as bitcoins? While experts may have differing opinions, they do agree that caution is essential.
Additionally, for many people, the biggest draw with cryptocurrencies is not their monetary value so much as the underlying technology—blockchain—that allows these currencies to function like a digital currency.
Every bitcoin transaction worldwide is recorded in a public database. The technology can be applied in a wide range of fields and according to Louis Roy, Raymond Chabot Grant Thornton Blockchain Leader, “is particularly interesting in terms of revenue traceability.” He added, “In a supply chain, several businesses can share a decentralized ledger rather than having their own. The blockchain reinforces IT security and reduces administrative costs.” Other promising fields where blockchain could be applied are finance and copyright management.
To find out more, read the article published in the November edition of the Protégez-vous magazine (paid content).
15 Oct 2018 | Written by :