News > Blockchain: Good, bad and ugly

Blockchain: Good, bad and ugly

Blockchain is not a new concept; the idea of using hash chains to secure pieces of data, or the concept of cryptographically secured distributed consensus has been around for some decades.

However, Bitcoin, the widely debated cryptocurrency, was responsible for popularising blockchain by demonstrating its power in a decentralized set-up. Later, enterprises began finding various exciting business uses for this technology.