Beyond bitcoin: Blockchain will change finance, science and the world The technology has endless applications in any area with a need for secure transactions Thu, May 13, 2021, 05:25 Seán Duke
Blockchain technology is heralding in a fairer world, where producers and buyers can directly exchange goods and services, without the need for banks and centralised institutions. Although it is linked with bitcoin, it is now being applied in a multitude of ways for the common good of its users. The financial world has long been controlled by banks, which have provided currency, credit and security needed to facilitate economic transactions. In 2009 that historic control weakened when blockchain handed people the means to transact their business directly – without the banks – via their own protected networks.