Blockchain is one of the most interesting technologies of the market at present, and the foundation of the popular Bitcoin digital currency. Just like the World Wide Web revolutionized the world at its inception, Blockchain has the potential to transform many industries. It has the capacity to make processes more efficient, transparent and safe. Used by governments, multinationals, investors and entrepreneurs, it’s much more than a simple cutting-edge technology.
The prestigious magazine The Economist defines it as a distributed database that keeps a list of records, or blocks, that is continuously growing. One cannot change the information contained within a block, since each block has a timestamp and contains a link to a previous block. Blockchains behave innately like a digital and public inventory and transaction ledger.
In 2009 Satoshi Nakamoto put it into practice for the first time, when he published, on November 1, 2008, the first application of this technology in the paper: “Bitcoin: A Peer-to-Peer Electronic Cash System”.
At Aspen Assurance we are working with Developers, Investors and Entrepreneurs in order to bring the next generation of Blockchain-based applications in all markets, including Government, Health, Logistics, and Aquaculture. Contact us if you’re looking to incorporate Blockchain Technology into your projects.