Blockchain Basics: A Non-Technical Introduction in 25 Steps

©  Daniel Drescher 2017

Daniel Drescher, Blockchain Basics, 10.1007/978-1-4842-2604-9_3

3. Recognizing the Potential

How peer-to-peer systems may change the world

Daniel Drescher¹ 

(1)Frankfurt am Main, Germany

This step deepens our understanding of the purpose of the blockchain by considering a specific kind of distributed system: the peer-to-peer system. As a result, this step will help you understanding why there is so much excitement about the blockchain among technologists and business professionals alike. This step also points out the major area of application in which the blockchain is expected to provide the most value. Additionally, this step discusses some consequences of peer-to-peer systems in the real world.

The Metaphor

Can you remember ...