Blockchain technology

- [Narrator] Now let's talk about Blockchain. Blockchain is a decentralized digital ledger of transactions used to securely and transparently record information in a way that is almost impossible to alter or tamper with. I say almost because nothing is perfect but it is one way that we can essentially remove the arbiter of the truth. You no longer need to have a party in the middle of a transaction saying, yes, that was a real transaction. Yes, it was valid, you can do so using this technology, which removes one of the weakest links in the chain of actually processing transactions. Now in the financial industry, Blockchain has the potential to streamline processes, reduce costs, and increase transparency and security. For example, we can use something like blockchain to create a decentralized digital currency, such as the promise of Bitcoin and all the other coins out there. But these coins can also be created in issued by…