- The new hot commodity in data security: blockchain
- How does it work? Llike a spy network where no one entity or server has all the information.
- How quickly can information and payments move? Instaneously with no holding fees.
How does the spy network analogy play out for data?
Say your a city controller making payments to a contractor. The payment can be processed instaneously without being hacked because the information is broken down into packets, encrypted and each packet is sent a different path & then reassembled so that the city knows the funds have been withdrawn and the contract recipient has funds deposited.