Hi Nathan, this could be, but Cybercurrencies are just a subset of what blockchain technology can offer. Basically you create a hash of a data record and make that hash part of the data of the next record and so on, this produces a chain of unmutable (or difficult to change) data. I think the broader exploit would be process optimization and storing data without the ability to change it (paperless, unmutable changes, device protocols, documentation, sensor data, goverment requirments). Denis. -----Original Message----- From: Nathan Astle <[email protected]> To: IBM-MAIN <[email protected]> Sent: Thu, Jan 19, 2017 9:46 am Subject: Block Chain
Hi I was just reading through about block chain. If I understand correct it said once block chain comes then payment authorizing party won't be There. Does that mean this would bypass MasterCard or Visa processing ? Apology if my understanding is not correct Nathan ---------------------------------------------------------------------- For IBM-MAIN subscribe / signoff / archive access instructions, send email to [email protected] with the message: INFO IBM-MAIN ---------------------------------------------------------------------- For IBM-MAIN subscribe / signoff / archive access instructions, send email to [email protected] with the message: INFO IBM-MAIN
