The Wall Street Journal has the latest Bitcoin-related news, but unlike all the hype around Bitcoin as a virtual currency we've been reading for the last few years, this one is about Bitcoin-related technology:
International Business Machines Inc. thinks the technology that underpins the bitcoin digital currency can do a lot more than support cash 2.0. Within the next few months, the venerable tech giant plans to release open source software that could be used to create digital contracts that—like Bitcoin transactions—would be recorded publicly and securely on a world-wide computer network. IBM is zeroing in on a technology called blockchain, which serves as bitcoin’s online ledger. Blockchain allows the bitcoin network to track the currency’s movement from one online wallet to another. But it could be used to log other types of transactions. “Blockchain, as a technology, is extremely interesting and intriguing,” said Arvind Krishna, senior vice president of IBM Research.
This fits the buzz I've been hearing about Bitcoin in the US startup scene in recent weeks:
While actual usage of Bitcoin as a currency remains stagnant, there's a lot of genuine and substantial potential in blockchain and other technologies which make a currency like Bitcoin possible. So it's looking more and more likely Bitcoin itself will not be the currency that benefits from the tech beneath Bitcoin.
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