At their simplest, blockchains are just lists of transactions - ledger books - that are recorded in a transparent and decentralised way. Currencies such as Bitcoin are the best-known application of the technology. However, other applications are emerging far beyond the financial sector. In this stimulating opinion piece, Philip Boucher, policy analyst at the European Parliament's Scientific Foresight Unit explains the opportunities and challenges that such an emerging technology offer. The biggest question is: are we ready to give up traditional financial and governmental control in favour of decentralised blockchain applications harbouring greater transparency? Some of the answers may be found in an event organised by the Scientific Foresight Unit of the European Parliament event on the 11th May 2017. Read more [...]This post was viewed 372 times.