The Blockchain revolution

by Mark Hobbins CEng, FEI

Millions of transactions take place every minute around the world. Wetransfer money, signcontracts, sell houses and cars. Each time we look to a middleman who we entrust to ensure these transactions happen. For example: a bank guarantees you have sent money; a lawyer will verify a contract or the land registry confirms you bought a house. We also use these middlemen to keep a record of the transactions which also allows us to trust the person or organisation on the other side.

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