Bitcoin arguably put blockchain technology on the map for the general public. Of course, without blockchain technology, Bitcoin wouldn’t exist.
Few remember the early “digital cash” initiatives that emerged not long after the debut of the World Wide Web. Back then, the fatal flaw was operating outside the established financial ecosystems. Blockchain, because it provides permanent, immutable records of transactions, was apparently the missing piece.
While many organizations have launched blockchain initiatives, multinational professional services network KPMG is now approaching it differently.