By Scott Farrell, Kate Jackson-Maynes, Max Allan and Johanan Ottensooser. King & Wood Mallesons

1farrell_s (1)0jackson-maynes_k key points on blockchain and the way it can change the fabric of finance

1. It is more than bitcoin.

Blockchain is the technology behind bitcoin but its use far exceeds digital currencies. The importance of blockchain to finance and financial markets is its potential beyond bitcoin.

2. A blockchain is a transaction record…

The “chain” is a record of transactions, each one following the one before. Ownership comes from the chain of previous transactions. A pre-digital analogy is early land title and the package of deeds showing all of the transactions which led from the original grant to the current ownership.

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