OLYMPIC

Today cryptocurrencies have become a global phenomenon known to most people. It is going to grow in use and acceptance as it matures. Cryptocurrency is a medium of exchange, created and stored electronically in the blockchain, using encryption techniques to control the creation of monetary units and to verify the transfer of funds. Bitcoin is the best known example. The blockchain is a public ledger that records bitcoin transactions. Bitcoin and blockchain phenomenon and its power for innovation is inevitable. “Bitcoin is a remarkable cryptographic achievement… The ability to create something which is not duplicable in the digital world has enormous value…Lot’s of people will build businesses on top of that.” Eric Schmidt, Executive Chairman of Google The blockchain is an undeniably ingenious invention - by allowing digital information to be distributed but not copied, it has created the backbone of a new type of internet. Blockchain technology is making the biggest revolution in the financial industry probably in the last hundreds of years. Blockchain is a global distributed ledger running on millions of devices where anything of value can be moved, stored and managed securely and privately. Using blockchain technology, participants can confirm transactions without a need for a central clearing authority.