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Turning blockchain from hype to reality, NIST report
The National Institute of Standards and Technology (NIST) released a new 59-page draft report – NIST Interagency Report (NISTIR) 8202: Blockchain Technology Overview – that attempts to move beyond the recent hype surrounding Bitcoin and other digital currencies (or cryptocurrencies) to help businesses and others understand what the blockchain is and decide whether it would be an asset to their products. Dylan Yaga, a NIST computer scientist and one of the report’s authors, also hopes that the report will provide readers with a picture of blockchain that is not skewed to any players’ interests and is easily understood from an unbiased front.
For those interested in a more concise and less technical analysis of the blockchain, SSTI published a two-part series (Part 1 and Part 2) that includes an introduction to the topic and explores its potential in multiple tech-focused industries such as fintech, the gig economy, higher education, and online-publishing. SSTI also highlighted several domestic and international tech-based economic development efforts using blockchain.