Given that crypto-currency bitcoin is the poster-child for blockchain technology, it’s no surprise that much of the blockchain fuss – and, indeed, much of the actual blockchain work – is focused on payment systems and related areas such as invoicing and tax reporting.
Yet blockchain as a technology is far more widely applicable than this. At heart, it is simply a cryptographic method of distributing data and recording transactions.
Blockchain’s power lies not only its heavy encryption, but also its distribution across a chain of computers, rendering it even harder (and prohibitively expensive) to attack.
