The potential for the blockchain technology stocks
Blockchain technology stocks have been hailed as a great potential to transform financial foundations. How does blockchain renew such financial services? Undoubtedly, blockchain is defined as a subset of distributed ledger technology that integrates three simple concepts: smart contracts, cryptography, and distributed ledger. The ledger takes over keeping track of transactions among a public network in chronological order. The most notable point in this system is that it allows all network users (called nodes) to own an identical authority to authenticate the blocks in the chain. Derived from Nakamoto's whitepaper "Bitcoin” many years ago, “A- Peer-to-Peer Electronic Cash System" provoked the applications of blockchain. However, blockchain has been considered a relatively new technology with limited adoption and inventive solutions for common problems. The stock market is the most effective application of blockchain technology in the finance sector. How does blockchain...