Entrepreneurs in blockchain, the digital ledger technology that buttresses bitcoin and other virtual currencies, say consumers are on the cusp of a new “blockchain decade.”
The 2030s will be that decade, San Diego blockchain chief executive Brian Foote said, where “a lot of things we do will have blockchain behind them” including auto purchases and home mortgages, as well as to how we store and carry banking, driver’s license and insurance information.
Blockchain technology already has a running start supporting everything from digital mobile wallets and non-fungible tokens — or NFTs — to online gaming and other digital entertainment, to the billions of cryptocurrency transactions recorded on its ledgers.
California, one of the world’s leading economies, is staking out how it will lead the way in cultivating, regulating and adopting the still-emerging technology.
But what is blockchain and why should it matter to consumers?
Blockchain began and is commonly described as an encrypted,...
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