Don’t throw blockchain baby out with cryptocurrency water

LONDON — Bitcoin once flew high and peaked at around $20,000. Compare that to the recent price of a mere $4,000. The vision of a token-driven decentralised economy and off course untold wealth for people has imploded and it is now almost a dirty word as it struggles for legitimacy. And many wondered if it is over for blockchain as well. But to use a good old saying, ‘Don’t throw the baby out with the bath water’ as blockchain has many other uses. If you have been pouring over blockchain for dummies trying to understand the technology behind it, Stephen P. Williams, the author of “Blockchain, the next everything”, explains to Bloomberg’s Carol Massar and Jason Kelley that you need not understand the science behind it to use it. - Linda van Tilburg