Tech Talk: Companies invest millions in blockchain

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Blockchain technology is drawing millions of dollars in investment into the Philadelphia region, as companies like Comcast and SAP pour resources into development initiatives and universities hustle to meet student demand. (Montco.Today file photo.)

Blockchain technology is drawing millions of dollars of venture capital into the Philadelphia region, with corporate giants like Comcast and SAP pouring resources into development initiatives and universities  hustling to meet student demand for insight into a technology that was largely unknown to the general public just a year ago.

The increased interest in blockchain in the region mirrors the technology’s rapid rise worldwide in the past eight months, writes Michelle Caffrey at bizjournals.com.

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The technology is best described as a decentralized ledger system to securely record transactions, and many experts talk about it in the grandest of terms. Comparisons to the transformative impact of the internet are common, and so are predictions of how it could upend the entire global banking system.

To read the full story, click here.

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