The New Digital Currency Movement Essay
I will start by explaining the development of the blockchain followed by the purpose and process in which it operates. Then, I will explain the blockchain in relation to cryptocurrencies and give a brief description of the top cryptocurrencies. Additionally, I will give an analysis on the influence cryptocurrencies and the blockchain will have on businesses strategies. Furthermore, I will provide an analysis on the impact the blockchain and cryptocurrencies will have on the real estate industry followed by the health care industry. I will then conclude with an exploration on the validity to sustain this new technology we’ve come to know as the blockchain.
The development and purpose of the blockchain
The blockchain and the “principle theories of blockchain architectures used today were first outlined and defined in the original bitcoin white paper written and published by Satoshi Nakamoto in 2008” (“BlockchainTechnology”, Oct. 2016). Alan Morris posted a detailed…