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Bitcoin – What Is It and What Does It Mean to Business?

What is Bitcoin?

Bitcoin is a digital-only currency, or “cryptocurrency,” created in 2009. It has many (or perhaps all) of the characteristics of any currency, except it’s 100% digital and that it isn’t controlled by any bank or government—Bitcoin exists without any institutional support and parties transact without requiring a trusted third party, such as a bank. This is because the mechanism for recording Bitcoin transactions, which is called Blockchain, is secure and reliable.

These fundamental differences haven’t stopped people from using it: the total value of Bitcoins in circulation is now over $190Bn!

To find out more about Bitcoin and other cryptocurrencies, and what they’ll mean to your business moving forward, read our CEO’s Briefing:

Freeman Clarke is the largest and most experienced team of part-time, or fractional, IT leaders. We work exclusively with organizations looking to use IT to grow their business. For an informal conversation, contact us and we’ll be in touch.

Bitcoin and Blockchain: The Next Big Thing(s)?

Cryptocurrencies like Bitcoin and the underlying technology promise to change the business world. It’s easy to be cynical about this, when so much that promises sweeping change turns out to be hype. Still, we should pay attention: technology has indeed changed the business world many times, even after cynics have dismissed it!

So what is Bitcoin, exactly? And what is Blockchain? And why are they important to business? Read this briefing to see how you can position your business to take advantage.

Or watch our short video to understand the reality, the potential and the barriers.

Freeman Clarke is the largest and most experienced team of part-time, or fractional, IT leaders. We work exclusively with organizations looking to use IT to grow their business. For an informal conversation, contact us and we’ll be in touch.

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Graeme Freeman
Co-Founder and Director

Subscribe to our Business Insights

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You’ll now receive regular expert business insights.

Call us on 0203 020 1864 with any questions.