National Association of Professional Process Servers

Swedish Government to use Blockchain technology

Sweden's land-ownership authority is soon expected to conduct their first Blackchain technology property transaction affter two years of testing on March 7th, the Wall Street Journal reports.  This new technology is being discussed for use in the court systems of many countries.  

A definition of Blockchain Technology per Wikipedia:

blockchain, originally block chain, is a continuously growing list of records, called blocks, which are linked and secured using cryptography. Each block typically contains a cryptographic hash of the previous block, a timestamp and transaction data. By design, a blockchain is inherently resistant to modification of the data. It is "an open, distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way".  Once recorded, the data in any given block cannot be altered retroactively without the alteration of all subsequent blocks, which requires collusion of the network majority.

Blockchains are secure by design. This makes blockchains potentially suitable for the recording of events, medical records,  and other records management activities.