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Will Blockchain Technology Replace Traditional Business Models?



Blockchain technology has become one of the hottest trending topics within the computer world in the last couple years. The public has primarily come in contact with blockchains through the use of bitcoins, but there’s more to blockchains than cryptocurrency.

What is a blockchain? Very simply put, a blockchain is a database that maintains a continuously growing set of data records. It is distributed in nature, meaning that there is no master computer holding the entire chain. Rather, the participating nodes have a copy of the chain. It’s also ever-growing — data records are only added to the chain.

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Matthew Olckers

Editor at Talan
Matthew's interests in innovation are in the financial services and education sectors. He joined the Talan Innovation team in September 2014, and focusses on the improvement of the user experience. Matthew is a Masters in Economics student at Paris 1: Panthéon-Sorbonne.

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