Intel May Be Jumping On Board The Digital Currency Revolution

While bitcoin itself has struggled with volatile price movements and public skepticism, the cryptocurrency's driving technology, blockchain, has had a bumper year. Tech enthusiasts are touting blockchain technology as one of the most important innovations of the decade, and the race is on to determine who can use the ledger-like system most effectively.

Tech Giants Take An Interest

Earlier this month, International Business Machines IBM began considering its own use for blockchain in order to create "a bitcoin without the bitcoin." Now another tech giant is also working to develop a unique use for the cutting edge system.

Intel Corporation INTC appears to be doing its own research into how blockchain can apply to different industries outside of the financial sector. The company posted a job opening on its website this week looking for a cryptographic researcher who will "investigate hardware and software capabilities that advance the performance, robustness, and scalability of open, decentralized ledgers."

Related Link: UK Could Become Bitcoin Hub With New Regulations

Big Names Mean Big Steps

While Intel has yet to comment on its projects relating to blockchain, many are speculating that the technology powerhouse is dipping its toe in the cryptocurrency pool. For bitcoin enthusiasts, this development is monumental in moving the cryptocurrency trade forward. With big names like IBM and Intel interested in taking blockchain to the next level, many believe it adds legitimacy to the cryptocurrency world.

A Variety Of Options

Intel could be investigating any wide range of blockchain powered products, from wallet applications to voting platforms or real-time transaction services. The posting itself suggests that the cryptographic researcher will be focusing their efforts on security issues, something that has been the center of a debate on whether or not bitcoin transactions are safe.