Blockchain is a distributed ledger that allows for more transparent and verifiable record keeping. Although associated mostly with money and finance, it can be used widely. There are still many barriers to its widespread adoption, including confidence and regulation.
The word blockchain itself no longer has a single specific meaning, having come to cover a broad range of technologies and solutions. At its simplest, a blockchain allows parties to co-create a permanent, unchangeable and transparent record of exchange and processing, without having to rely on a central authority.
The technology trio of spatial computing, blockchain and AI are converging to reshape how we interact with the digital world —and each other. Here's how.
After a turbulent 2022, blockchain and stablecoins are coming back into the limelight — this time with the involvement of major financial institutions. This marks a step-change in the world of finance, and is set to fundamentally alter how we exchange value. The coming change could be just as disruptive as the emergence of the internet.
How is the World Economic Forum promoting the responsible use of blockchain? The World Economic Forum's Platform for Shaping the Future of Blockchain and Digital Assets ensures equity, interoperability, transparency, and trust in the governance of this technology for everyone in society to benefit from blockchain’s transformative potential.
Blockchain is well-known as a method of exchanging assets, but in future it could also be used for - among other things - welfare distribution, secure voting, land-title transfers, even vaccine distribution.
