Until very recently, all internet data was stored on web servers. There were many reasons for this, but one in particular was hugely important: by keeping information in scattered points across the globe, servers prevented the unauthorised altering of data. This is why you are able to trust that your facebook account will not be accessed by anyone other than you. Or, stated another way, facebook has become a trusted intermediary between you and the content you access online. With the advent of cryptocurrency Bitcoin, however, the stage was set for a profound technological change.
Bitcoin’s notorious reputation in the media is largely due to the threat it poses to the current financial order. By allowing peers to transfer money without the intervention of banks or government agencies, Bitcoin introduced a vast paradigm shift. Where news outlets have truly failed the public, however, has been in their reluctance to report on the groundbreaking technology behind the digital currency — the blockchain. As a matter of fact, Bitcoin is to the blockchain what facebook is to the internet, and the world is only just beginning to tap into the potential applications for this new technology. Software Planet Group would like our customers to know about the opportunities that lie ahead for companies choosing to embrace decentralised software.