Blockchain is often referred to as a disruptive technology
but it has emerged from relative obscurity to become a relatively
popular conversation topic across various industries. In Bermuda in
particular, we are seeing a national push to become a world leader
in technology and innovation. We are hearing more and more about
fintech, virtual tokens, digital assets, cryptocurrencies, smart
contracts and initial coin offerings (ICOs). Each of these concepts
rely on blockchain technology which has been increasingly
highlighted in the mainstream media as a revolutionary technology
that promises efficiency and is shaking up the status quo, although
it isn't quite a household buzzword.
Bitcoin was the first cryptocurrency with mass appeal and is
what many people automatically think of when the topic of
blockchain or fintech comes up. However, although Bitcoin has
continued to grab headlines, there is a much bigger picture here
and there are many other uses for blockchain
