Blockchain technology: how it works and what potential it offers for development

Originally, the blockchain technology has become known among experts primarily as an elegant technical device to ensure counterfeit protection of the cryptocurrency Bitcoin. Since, the enormous transformative potential of this technology has become more and more evident for many further processes dealing with reliability and transparency.

The current edition of Development in Brief explains how blockchain technology works, what relevance it holds for developing countries, and how international development cooperation can help to promote useful applications in developing countries.