Category: Blockchain fundamentals

What makes a ‘Blockchain’ financial network? (III) – Unstoppable execution & smart contracts

In this post, I explore the third fundamental characteristic of blockchain financial (and other) networks: unstoppable execution. This idea is at the same time at the basis of smart contracts. It means that computer code is designed automatically to execute contractual duties upon the occurrence of a trigger event, or, in other terms, the complete excision of human discretion from execution.

What makes a ‘Blockchain’ financial network? (II) – No trust, only maths

A distributed record needs a second (and a third) element to form a blockchain network. This post discusses the necessity of a mechanisms guaranteeing that the updates of records reflect the truth.

From Bitcoin to Blockchain to DLT

The delimitation of what Bitcoin, Blockchain and DLT mean and in what sense they are different and for which purposes they can be used is not always very clear.

What makes a ‘Blockchain’ financial network? (I) – Distributed database and disintermediation

Three characteristics of blockchain technology have the potential of turning our understanding of how the market functions upside down. In this first post of a series of three I discuss the concept of the distributed ledger that lies at the heart of blockchain and the consequential disintermediation of the market, doing away with back office functions and intermediation.