Understanding Blockchains
Understanding Blockchains - Mrs Valéria Faure-Muntian and Mr Claude de Ganay, Members of the National Assembly, Mr Ronan Le Gleut, Senator - April 2018
The protocol that powers Bitcoin appeared 10 years ago as a combination of existing technologies. The blockchain enables decentralized and secure transactions without the need for a trusted third party. The potential applications are much broader than just cryptocurrencies and while they are extremely promising, today the technology is generally not yet mature enough for large scale solutions. Further research and innovation are needed to solve blockchain’s scalability limitations as well as its high energy consumption.
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policy brief
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Office Parlementaire d´Evaluation des Choix Scientifiques et Technologiques of the French Parliament (OPECST)