What is blockchain?
Blockchain is the world’s leading trusted platform for digital assets. Using cryptography to keep transactions secure, blockchain provides a distributed digital ledger that all participants of the blockchain can see and verify. Before a transaction can be recorded, all participants on the network have to reach consensus on its fidelity. All data of every block on the blockchain is visible to the public, providing transparency and assurance over transactions to all parties. This is in stark contrast to centrally controlled data stores, where information can be manipulated by the controlling entity at any juncture.
Why it’s a focus for us
Blockchain, or distributed ledger technology, is in the midst of revolutionizing the way parties interact online. For the first time, parties will be able to engage in trustless transactions without the utilization of a centralized third party. Blockchain has the ability to generate unprecedented opportunities to create and trade value in society that will lead to a generational shift in the Internet’s evolution, from an Internet of Information to an Internet of Value. Victory Square Technologies is positioned to be an early adopter and influencer in the space through early partnerships with BTL Group, the Vanbex Group and early investments in several exciting upcoming ICOs.
“Blockchain is to Bitcoin, what the internet is to email. A big electronic system, on top of which you can build applications. Currency is just one.” - Sally Davies, FT Technology Reporter