The document discusses the history and development of a new technology called blockchain. It explains that blockchain was originally developed for the digital currency Bitcoin in 2009 as a way to record transactions in a secure, decentralized manner without the need for a central authority. Since then, blockchain has expanded beyond digital currencies and is now being applied to other areas like digital identity, voting, and supply chain management due to its ability to securely and immutably record data and transactions across networks. The document outlines several key applications that blockchain is being used for and how it works at a technical level to securely record transactions distributed across networks.
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Sheeba Ceprator
The document discusses the history and development of a new technology called blockchain. It explains that blockchain was originally developed for the digital currency Bitcoin in 2009 as a way to record transactions in a secure, decentralized manner without the need for a central authority. Since then, blockchain has expanded beyond digital currencies and is now being applied to other areas like digital identity, voting, and supply chain management due to its ability to securely and immutably record data and transactions across networks. The document outlines several key applications that blockchain is being used for and how it works at a technical level to securely record transactions distributed across networks.