Blockchain proves successful in Myanmar microfinance test

MyanmarNikkei — TOKYO — An experiment to create a low-cost and highly reliable blockchain infrastructure to record financial transactions is gathering steam in Myanmar. Blockchain is a distributed database that maintains a continuously-growing list of data records that are difficult to tamper or revise. The technology serves as the public ledger of transactions using the virtual currency bitcoin.

http://asia.nikkei.com/Business/Trends/Blockchain-proves-successful-in-Myanmar-microfinance-test

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