{"id":29613,"date":"2019-04-08T11:30:39","date_gmt":"2019-04-08T09:30:39","guid":{"rendered":"https:\/\/www.ferrovial.com\/blog\/?p=29613"},"modified":"2025-12-12T11:55:08","modified_gmt":"2025-12-12T10:55:08","slug":"blockchain-technological-utopia-bitcoin","status":"publish","type":"post","link":"https:\/\/www.ferrovial.com\/blog\/en\/2019\/04\/blockchain-technological-utopia-bitcoin\/","title":{"rendered":"Blockchain: The Technological Utopia Beyond Bitcoin"},"content":{"rendered":"

Blockchain technology<\/strong><\/a> may seem like a faraway utopia where there are no intermediaries when it comes to transferring our money, and it all works thanks to a chain of blocks<\/strong> that eliminates one of the most important barriers for human beings: trust. Why are companies using technology created for cryptocurrencies like bitcoin? How can it contribute to <\/strong>improving cities<\/strong><\/a>, taking care of the planet, or creating collaborative environments?<\/strong><\/p>\n

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Opportunities and challenges<\/strong><\/h2>\n

Above all else, what is this emerging technology made of? Commonly understood as a “decentralized chain of blocks,” its origin traces back to 2008, when Satoshi Nakamoto<\/strong>, the creator’s pseudonym, decided to challenge institutions by creating a decentralized system of money where no one would have control over it. This was how bitcoin<\/strong><\/a> came about, that virtual currency whose value lies in its technology: blockchain. But how can we understand how it works? We might say that that it is an accountability system that operates with no authorities like the government or banks, where records (blocks) are linked and encoded. A safe, decentralized, distributed database where every transaction, economic or otherwise, is saved forever. <\/strong><\/p>\n