Blockchains in the Context of Fashion

Friday, 13th January 2017

If you are coming to blockchains anew, explaining them as a widely distributed database that securely maintains a growing record of information in an open decentralised system may not clear things up. Think of the data on a widget moving through the supply chain: each new piece of information about its manufacture is recorded in blocks, and once the block is complete it attaches to the chain in a linear, chronological order to form part of a permanent database. The technology was conceived years ago and serves to underpin the digital currency bitcoin.

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