Incumbent businesses focus on blockchains because they see an opportunity to usurp Bitcoin without being disrupted. Meanwhile, Bitcoin remains years ahead as the most secure and immutable blockchain of them all.
Also read: ‘Monetary Xenophobia’: Norway’s Biggest Bank Pulls Bitcoin Account
Blockchain is Just One Component
Nearly everyone, from big banks to national governments, has experimented with blockchains in the past year or so. Microsoft, BoA, JP Morgan Chase and other legacy giants have all touted blockchain tech as the next best thing. We’ve heard how it can do everything but save humanity from a Trump presidency — or maybe it could?
In any case, the blockchain is just one cog making Bitcoin tick. It is a decentralized transaction ledger shared by a global network. These computers verify transactions and agree on the network’s current