'Digital currencies' aren't needed to explain why distributed ledgers are important. In this post, IBM's Richard Gendal Brown develops an argument for replicated shared ledgers from first principles.
This is intended to be an 'education piece' aimed at those, particularly in the finance industry, who prefer explanations of new technologies to be rooted in a description of a real-world business problem rather than beginning with a description of a purported solution.
via CoinDesk http://ift.tt/1DUXxby
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