Shock and awe: the blockchain unpacked

A book review of The Business Blockchain  There’s nothing short of a revolution happening in world of business and computing, according to author William Mougayer. “If the blockchain has not shocked you yet,” he writes in his book, The Business Blockchain, “I guarantee it will soon.” His belief is that blockchain technology is the biggest technological breakthrough since the Internet – an instrument of social and political change with the potential of disrupting everything from commerce to financial services to the exchange of ideas and information. Blockchain technology of course is best known as the underpinning of cryptocurrencies such as Bitcoin. Employing a peer-to-peer (P2P) exchange of data, a blockchain authenticates and permanently records every transaction on a distributed public ledger. It can only be sequentially updated, thereby ensuring that every single exchange of data can be continually reconciled, and cannot be erased. It is incorruptible. The essence of the…

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