- Frequently asked questions

Blockchain is a distributed ledger containing several nodes that maintain a shared ledger using a cryptographic oriented protocol. Its perceived advantage lies in its security and fault tolerance as no transaction roll-back is allowed and assets are controlled either publicly or by appointed trusted partners. Not only does this promise multiple financial innovations to emerge, it provides a system of financial information that is almost impossible to manipulate. It’s also worth mentioning that it’s not Bitcoin. Many believe that it forms part of a package deal with cryptocurrency, but cryptocurrency is merely one application of blockchain technology. Though blockchain originated with and underpins Bitcoin, it is also applicable to other financial or non-financial systems such as contracts, energy, cyber security and others.

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