Wednesday, July 26, 2017

Bitcoin & Blockchain – How it will affect Libraries



Bitcoin & Blockchain – How it will affect Libraries

Bitcoin is a cryptocurrency and a digital payment system

How Bitcoins work?
Bitcoin is a digital currency that is not tied to a bank or government and allows users to spend money anonymously. The coins are created by users who 'mine' them by lending computing power to verify other users' transactions.

They receive bitcoins in exchange. The coins also can be bought and sold on exchanges with U.S. dollars and other currencies.
What is Blockchain

The blockchain is a relatively new technology used to verify and store transaction records for online cryptocurrencies like Bitcoin.

How Will the Blockchain Affect Libraries?

Basically, the blockchain is about storing information in a distributed, tamper-resistant setting. This fits well with the work librarians have always done, that is, gathering, preserving, and sharing authoritative information.


Regards 

Pralhad Jadhav  

Senior Manager @ Knowledge Repository  
Khaitan & Co 

Upcoming Lecture | ACTREC - BOSLA Annual lecture series (125th birth anniversary of father of library science, Padmashree Dr. S. R. Ranganathan) on Saturday, 12th August 2017 at Advanced Centre for Treatment, Research and Education in Cancer (ACTREC), Kharghar, Navi Mumbai.  (Theme | 'MakerSpace')


1 comment:

  1. can i have full article "An Introduction to the Blockchain and Its Implications for Libraries and Medicine" ? If u can then email me at jyotpuchd.dev@ygmail.com . thanks

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