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Rustat Report on Blockchain published - 25 November 2016

The report from the September 2016 Rustat Conference on Blockchain - Beyond Bitcoin is now published on the Rustat website.

Blockchain is the technology that underpins bitcoin. It is a public ledger of all bitcoin transactions, visible to all and distributed among thousands of computers over the world. It is a computational proof of the chronological order of transactions, secure against attack as long as honest nodes collectively control more computational power than any cooperating group of attacker nodes. Blockchain is also a new data structure, whose impact is expected to be far greater than that of bitcoin alone. Its potential applications include programmatic loans, bonds and payments; more efficient supply chains, and even identity management and verification. It is an emerging way for businesses, industries and public organisations to make and verify transactions and it is the cornerstone for enabling the next trillion devices to communicate and transact. Its impact is likely to be a more open, transparent and publicly verifiable system that will fundamentally change the way we think about exchanging assets, enforcing contracts and sharing data across industries.

The report covers these key areas:

- Applications of blockchain

- Role of trusted third parties

- Governance and legal implications

The report of this Rustat Conference is now available here