The technology behind bitcoin could transform how the economy works (Economist)

The “blockchain” technology that underpins bitcoin carries a significance stretching far beyond cryptocurrency. The blockchain lets people who have no particular confidence in each other collaborate without having to go through a neutral central authority – it is a machine for creating trust. The technology has other related applications such as bank and property ledgers. But it can also be a solution for safely tracking the “internet of things” through distributed registers.

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