The blockchain technology

Blockchain technology was invented to create Bitcoin. Introduced to the world in 2008, in a White Paper titled “Bitcoin: A Peer-to-Peer Electronic Cash System” published under the pseudonym Satoshi Nakamoto, whose true identity has never been revealed, bitcoin is defined as “a purely peer-to-peer version of electronic cash [that] would allow online payments to be sent directly from one party to another without going through a financial institution” (Nakamoto, 2008). The stated Goal of Bitcoin was to reduce transaction costs, fraud and payment uncertainties in digital transactions. It was proposed as an alternative to the prevalent model of e-commerce that relies on financial institutions serving as trusted third parties to process electronic payments.

Sustainable Development Goals:

Industry, Innovation and Infrastructure

Reduced Inequalities

Sustainable Cities and Communities