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Business Commons

Open Access. Powered by Scholars. Published by Universities.®

E-Commerce

University of Arkansas, Fayetteville

Journal

2020

Cryptocoins

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Full-Text Articles in Business

Crypto And Blockchain Fundamentals, Mary C. Lacity Aug 2020

Crypto And Blockchain Fundamentals, Mary C. Lacity

Arkansas Law Review

"I believe blockchain will do for trusted transactions what the Internet has done for information." - Ginni Rometty, CEO of IBM Since the 1990s, we have had an "Internet of Information" that allows us to seamlessly share information such as documents, images, emails, and videos over the Internet. While most Internet users do not need to understand the details of the technical protocols operating underneath user-friendly software interfaces, it is helplful to understand how they work at a high-level. With the "Internet of Information," copies of information are routed over the Internet. If a sender emails a friend, the sender …