19-12-2015 06:45 via news.yahoo.com

Bitcoin's 'blockchain' tech may transform banking

The technology that drives the shadowy cryptocurrency bitcoin is drawing interest from the established banking industry, which sees a potential to revolutionize the sector. Although bitcoin and related virtual currencies are limited to a small set of transactions and are often associated with the underground economy, the so-called blockchain technology is gaining currency in the financial world. A blockchain is essentially a shared, encrypted "ledger" that cannot be manipulated, offering promise
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