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Technology Stocks : Investing in Exponential Growth
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From: Paul H. Christiansen10/16/2016 11:26:37 AM
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Blockchain could soon power stock markets, music sales, and even prevent child labor — here's how it works



It's a technology conceived by the mysterious creator of bitcoin — the digital currency championed by a motley crew of privacy-obsessed libertarians, social activists, and some criminals.

Now the idea of blockchain has gripped Wall Street's biggest institutions.

Its enthusiasts think it could change the world. Sure, it would make contracts more enforceable and speed up the settlement of stock trades — hence the interest from big banks.

In the non-blockchain world, we keep separate records of transactions. If you write your friend a check, you balance your own checkbook and your friend does the same when they deposit it. But things can go wrong. They might forget to update their checkbook ledger. And each bank has no way to know immediately if the person has enough in their bank account to cover it.

businessinsider.com

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