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For those who want to understand what blockchain can do beyond act as currency, the above article is about a start up that is vey early at this and has its first product out in beta testing.

Basically, it is a tool to help register new corporations in Switzerland. Usually takes weeks or even more thna 2 months to accomplish this task. The reason for it is that each step in the chain, that involves a different party, only gets done sequentially when the previous step has been done.

Blockchain solution (and they have applied it only to the simplest model at this time) worksto enable all parties to do their job at the same time instead of sequentially and reduces the time this entire registration process takes to 2 hours.

Another example, but further down the road, is each person having their own personal block chain I.d. That could be adopted and become a hacker proof (well, perhaps) universal identify accesss tool. Also it will enable things like a person’s education credentials to be confirmed in their Linkedin profile and the like.

This sort of stuff is in Okta’s scope of business.

However, you can see that years still yet to go before this sort of tech goes mainstream, or substantial at all. But gives a better understanding of what it might all be about some day.

Something Okta may want to investigate for itself in regard to identify verifications.

Mostly an FYI as there are no actionable items in this, just will help put blockchain into better perspective. Certainly not an exhaustive list of compelling applications.

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