The goal of my research is to determine what these applications of the technology actually do-as opposed to what the marketing hype says they do. I've been researching how governments and businesses around the world are either planning for or already piloting the use of blockchain for record-keeping. At that time, symbolic objects played a crucial role in providing evidence of transactions, rights and entitlements. Clanchy tells us that it existed in the medieval era, during the transition from oral to written forms of memorialization. This form of record-keeping, though technologically novel in the digital era, is not so new after all.
It is being used as an alternative or replacement for national currencies, contracts, internet device authentication and more.
Blockchain is a distributed ledger that uses cryptography-mathematical code-to chain together records of transactions in a tamper-resistant and transparent manner.
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