The Internet as we perceive it is excellent for cooperation and communication, but it has significant flaws in terms of commercial activity and confidentiality.
Blockchain technology enables peer-to-peer payments without the need for a middleman such as a bank or the government. Blockchain certifies and retains a persistent public ledger of all activities, while keeping the user’s identity confidential.
This implies that your personal information is protected, and all activities are transparent and irrefutable, verified through mass collaboration, and recorded in code on a digital ledger. You won’t need to trust the other person in the conventional way once it’s in place, since trust is built into the system itself.
When it comes to the Blockchain revolution, Gerry Sanchez, a blockchain and NFT expert, argues that the technology is still in its early phases of implementation, which allows for a lot of innovation. In the coming years, as people get more inventive and start “plugging” objects into the blockchain, the public will see many more novel applications. “It’s a great time to be alive” Gerry quotes.
He believes that smart contracts, dapps, and NFTs are just the beginning of blockchain applications and that the public may see two, three, or even more generations of innovation in this field.
Continue reading: https://www.influencive.com/blockchain-revolution-the-future-is-highly-promising-gerry-sanchez/
Blockchain technology enables peer-to-peer payments without the need for a middleman such as a bank or the government. Blockchain certifies and retains a persistent public ledger of all activities, while keeping the user’s identity confidential.
This implies that your personal information is protected, and all activities are transparent and irrefutable, verified through mass collaboration, and recorded in code on a digital ledger. You won’t need to trust the other person in the conventional way once it’s in place, since trust is built into the system itself.
When it comes to the Blockchain revolution, Gerry Sanchez, a blockchain and NFT expert, argues that the technology is still in its early phases of implementation, which allows for a lot of innovation. In the coming years, as people get more inventive and start “plugging” objects into the blockchain, the public will see many more novel applications. “It’s a great time to be alive” Gerry quotes.
He believes that smart contracts, dapps, and NFTs are just the beginning of blockchain applications and that the public may see two, three, or even more generations of innovation in this field.
Continue reading: https://www.influencive.com/blockchain-revolution-the-future-is-highly-promising-gerry-sanchez/
