The growing popularity of digital currencies has aroused mainstream interest in blockchain technologies and their possibilities. Increasingly, blockchain is used as a generic term that most people associate with Bitcoin, the digital currency created using the technology. The potential and scope of the application of decentralized protocols have already become so much broader.
German authorities have developed technology allowing investors to buy and sell securities on the blockchain in return for central bank money, bridging a gap between two worlds that once seemed irreconcilable.
Private and public institutions around the world have been experimenting with using distributed ledger technology (DLT), best known for powering Bitcoin and other cryptocurrencies, for settling trades in official money.