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Chaingang
KEY POINTS
- Blockchain is a decentralised ledger of information replicated across computers.
- The system is already used in some industries.
- It could be used to record VAT transactions.
- Will it be superseded by new technologies before it takes hold?
I’ve seen the future and it works. Perhaps!
Most of us will have heard of blockchain perhaps in the context of bitcoin and other cryptocurrencies. We may even have seen speculation that it could play an important role in the tax system of the future. But what is blockchain and how could it revolutionise our lives?
I consider myself reasonably IT-literate but I am still largely in the dark about blockchain. There is no shortage of...
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