Wall Street is obsessed with [Blockchain] technology that no one quite understands â€” here's the best explanation we've seen
Marlene Breverman stashed this in Blockchain
Goldman Sachs saysÂ the technology "has the potential to redefine transactions" and can change "everything."
JPMorgan last month announced it wasÂ launching a trial projectÂ with the blockchain startup led by its former executive, Blythe Masters.
Her company, Digital Asset Holdings, hasÂ secured fundingÂ from Goldman, Citi, ICAP, and a handful of other financial firms.
Exciting, right? One problem: Hardly anyone seems to understand what Blockchain is.
Barclays' Kenneth Hill took a stab at it in a note on Friday, and it's one of the best explanations we've seen yet.
A Blockchain is just a record that is distributed among many parties.Â
Blockchain was demonstrated by Bitcoin.