Tuesday, May 31, 2016

U.S. Postal Service could create own crypto-currency as they study the blockchain for corporate use

Blockchain technology is a revolutionary advent which has opened the door for a return to peer-to-peer transacting after decades of centralized control.  In fact, besides the most well known use of the blockchain through the crypto-currency called Bitcoin, banks such as J.P. Morgan are coordinating with a former employee (Blythe Masters) to help expand the digital construct into applications which could be used in the financial sector.
But the blockchain also has attributes that go far beyond just banking, and one agency is now looking at the technology to help them with their own business model, even going so far as investigating whether a unique crypto-currency could be feasible for use by the U.S. Postal Service.
postal volume