Tech Thinks It Has a Fix for the Problems It Created: Blockchain
Tech Thinks It Has a Fix for the Problems It Created: Blockchain SAN FRANCISCO — Worried about someone hacking the next election? Bothered by the way Facebook and Equifax coughed up your personal information?
The technology industry has an answer called the blockchain — even for the problems the industry helped to create.
The first blockchain was created in 2009 as a new kind of database for the virtual currency Bitcoin, where all transactions could be stored without any banks or governments involved.
Now, countless entrepreneurs, companies and governments are looking to use similar databases — often independent of Bitcoin — to solve some of the most intractable issues facing society.
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Continue reading the main story “People feel the need to move away from something like Facebook and toward something that allows them to have ownership of their own data,” said Ryan Shea, a co-founder of Blockstack, a New York company working with blockchain technology.
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