Few months back one of my friend came up to me and has asked, What is Bitcoin? I explained him about the same and then few days back he came up and this time he asked me about Blockchain.<\/p>\n
As mentioned in Bitcoin WIKI<\/span><\/a>, A block chain<\/b> is a transaction database shared by all nodes<\/a> participating in a system based on the Bitcoin protocol. A full copy of a currency’s block chain contains every transaction<\/a> ever executed in the currency. With this information, one can find out how much value belonged to each address<\/a> at any point in history. A better explanation is given in Youtube<\/a>.<\/p>\n I was going through one of the article<\/span><\/a> in IBM and thought an ideal blog entry to share regarding Blockchain and its use with Internet of Things. Check out the PDF<\/span><\/a> used in the link here. I feel Blockchain can emerge as future evolution with its implementation in the field of Trading and Insurance. I am still very much fascinated on how exactly Blockchain and IoT will work together though Security is still major part here.<\/p>\n