Article | REF: TE6300 V1

Blockchain. Basics. Bitcoin. Ethereum

Authors: Laurence LECOEUR, Jean-François GERVAIS

Publication date: April 10, 2022

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5. Conclusion

The first blockchain was a peer-to-peer electronic payment system. This initial use has been confirmed over time. Bitcoin payments are made directly between peers, from one end of the planet to the other, independently of banks. This is a key element in the digital transformation of our society, as it challenges the vertical, centralized power of banks and governments.

But the future is no longer reserved exclusively for crypto-currencies. In the new digital economy, the token can be either the asset itself (like bitcoin or ether), or a virtual representation of any asset (tangible or intangible, such as real estate or a digital work of art) to which it gives a digital identity. The token thus attached to a work (or an asset) identifies it exclusively, and is therefore itself unique, non-reproducible, and thus increases in value (sometimes reaching astronomical...

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