The race to find a killer app for Bitcoin is on

Nick Williamson, Credits CEO and founder. / OLIVER SMITH / SEPTEMBER 10, 2015


Bitcoin’s underlying blockchain technology is one of the most-hyped innovations of the last decade, but no one has found a breakout use case for it yet.

Blockchain, the underlying tech behind digital currency Bitcoin, is tipped as the next big thing in financial technology (FinTech).Everyone from Richard Branson to Barclays is exploring what it could be used for. Early ideas range from mass payments platforms like the original Bitcoin to George Galloway’s proposal for a decentralised ledger of London’s City Hall spending to bring transparency and accountability to the organisation.Blockchain is undoubtedly still in an embryonic stage, and the only thing that’s certain is that we don’t yet know what it’ll be used for in the future.“There are more use cases are emerging every day,” says Nick Williamson, CEO and founder of Credits a small digital business on the Isle of Man which creates software for businesses to store data in their own custom blockchains.