Blockchain has the potential to become a major force for innovation and change the way you process everything with records-from registrations, records of ownership, transfers of value and stock purchases, to identities and healthcare. The current digital world is built on ledger systems that worked well in past generations, but that fail to provide you with the capability to address the ledgers that are needed in an Internet-driven world. The basic blockchain characteristics that successfully create a secure and trustable infrastructure to support the Bitcoin cryptocurrency system are disrupting how we create and use ledgers, which, in turn, has the potential to bring significant value to the global economy and provide new capabilities that enhance government and business functions. Blockchain use is not limited to cryptocurrencies. Other blockchains are being developed so that input and output transactions contain ledger entries for numerous other items, including financial instruments, public records, contract information, other items demonstrating ownership or professional capability, and identities. Using trusted technologies to create its unique structure, blockchain features-such as openness, decentralized infrastructure, ability to transact anonymously while ensuring identity, and elimination of third-party attestation-can propel blockchain to become the enabling technology that streamlines digital-age transactions.
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