Over the past few years, Blockchain has emerged as a technology that is now discussed everywhere. From the tech corridors of Silicon Valley to the thriving tech capitals in multiple cities worldwide – Blockchain has become the talk of the town.
Everyone is excited about this modern technology, especially after a few staggering NFT sales surfaced on the internet.
However, many still don’t know what Blockchain is, yet they are eager to know what benefits has it hidden for the future.
To understand the advantages of this state-of-the-art technology, one first needs to know how it actually works. Only then the implementation and applications will start making more sense.
Why do we need Blockchain?
Today’s world has become a massive sphere that fuels uncertainty. Online scams are prevalent everywhere, trust has become scarce, and many don’t know the remedy to this peculiar problem at hand.
Regulators and law enforcement agencies are often left awestruck.
The world has been in the middle of a pandemic with no apparent way out of it other than social distancing. In times like these, there is nothing better to have than a transparent and secure system. A system that restricts unauthorized access and impedes modifications with unmistakable validity.
When one looks around for a solution among a plethora of technology buzzwords, Blockchain shines bright.
It offers everything we need to build sustainable, secure, and safe systems for a better future.
Understanding Blockchain
Blockchain is a decentralized technology; but what does this mean?
The Blockchain works on a simple principle – it is not owned by any company or institution – it is built in a particular distributed manner that allows the computers on the network to access the information stored in it with certain parameters safeguarding the virtual borders.
The information is stored in the form of groups called blocks which is a constantly expanding list or an array. It is indeed a revolutionary technology that is ready to power software systems around the globe. All the information or data that is verified is stored in the block in chronological order. Each block is linked with the previous one, forming a Blockchain.
The disruption in the technological realm, as we speak, has begun, and Blockchain has a key role in it.
Continue reading: https://readwrite.com/blockchain-will-revolutionize-the-future/
Everyone is excited about this modern technology, especially after a few staggering NFT sales surfaced on the internet.
However, many still don’t know what Blockchain is, yet they are eager to know what benefits has it hidden for the future.
To understand the advantages of this state-of-the-art technology, one first needs to know how it actually works. Only then the implementation and applications will start making more sense.
Why do we need Blockchain?
Today’s world has become a massive sphere that fuels uncertainty. Online scams are prevalent everywhere, trust has become scarce, and many don’t know the remedy to this peculiar problem at hand.
Regulators and law enforcement agencies are often left awestruck.
The world has been in the middle of a pandemic with no apparent way out of it other than social distancing. In times like these, there is nothing better to have than a transparent and secure system. A system that restricts unauthorized access and impedes modifications with unmistakable validity.
When one looks around for a solution among a plethora of technology buzzwords, Blockchain shines bright.
It offers everything we need to build sustainable, secure, and safe systems for a better future.
Understanding Blockchain
Blockchain is a decentralized technology; but what does this mean?
The Blockchain works on a simple principle – it is not owned by any company or institution – it is built in a particular distributed manner that allows the computers on the network to access the information stored in it with certain parameters safeguarding the virtual borders.
The information is stored in the form of groups called blocks which is a constantly expanding list or an array. It is indeed a revolutionary technology that is ready to power software systems around the globe. All the information or data that is verified is stored in the block in chronological order. Each block is linked with the previous one, forming a Blockchain.
The disruption in the technological realm, as we speak, has begun, and Blockchain has a key role in it.
Continue reading: https://readwrite.com/blockchain-will-revolutionize-the-future/
