Summary of In Proof We Trust
Blockchain technology will revolutionise far more than money: It will change your life. Here’s how it actually works
Blockchain is the technology that powers bitcoin; beginning in 2017, blockchain will power so much more.
Here’s the blockchain article you have been waiting for. Anyone who has been nodding and smiling nervously when the conversation turns to bitcoins and the blockchain – or has been dodging the subject altogether – can now breathe a sigh of relief. Financial writer Dominic Frisby will ease your entrée into the topic of the blockchain, one of the most disruptive technologies of our time and the system that powers bitcoin. Frisby, who has written a book about bitcoin, sketches out in simple terms how the blockchain works, explains its significance and predicts future applications. This article isn’t a deep dive, so getAbstract recommends it to the uninitiated who would like to know what all the fuss is about.
In this summary, you will learn
- How blockchain technology works,
- Why it is significant even if you don’t invest in bitcoins and
- How it will disrupt multiple industries.
About the Author
Dominic Frisby is a British comedian and financial writer. He is the author of Bitcoin – the Future of Money. He writes a weekly column for MoneyWeek and has contributed to Breitbart News, the Independent and The Guardian.
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