Mining for Bitcoin or Mining for Iron? Blockchain Applications in Arbitration
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by Andrew Flake It’s been a rocky few weeks for Bitcoin and other cryptocurrencies, and a nervous time for their holders. But investing aside, the blockchain, which underpins Bitcoin, is a real and transformative technology, one with implications all the way from authorship and art (think NFT) to authentication and, yes, even arbitration. There are great primers on the blockchain, so I won’t offer one here, but at a really high-level, the blockchain, in theory, can reduce or eliminate the need for elaborate systems of verifying ownership or trust, replacing a central authority like a bank with thousands and thousands…
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