San Jose Business Lawyers Blog
The future is here, and it’s blockchain technology. Originally developed as a means of trading cryptocurrency, such as Bitcoin, blockchain technology is a digital system that allows digital information to be shared without being copied or altered. It does this by acting as a transaction ledger for digital dealings, registering every change, trade, and attempted access for anything secured through the blockchain. One of the many benefits of using blockchain technology as a medium for trading digital currency is the relative ease of 24/7 international trade. However, this comes with its own dangers when personal information, including personal financial information, changes hands over international borders.
Selecting a Blockchain Company
Blockchain technology is a private, not public, development. The technology typically isn’t owned by any one government or corporation, and as such, many digital providers offer their own variations of blockchain technology. Different developers build private (or public) cryptographic ledger (“blockchain”) systems and offer use of the same to digital industry providers. For example, last year Forbes compiled a list of emerging blockchain companies offering their own cryptographic ledger services. Examples of these companies include: