Blockchain

Blockchain is a shared, trusted, public ledger of transactions, that everyone can inspect but which no single user controls. The consecutive string of every block ever executed makes up a blockchain. It is a distributed database of chronologically ordered transactions.

Where it is used? Transparent supply chains? Elections on blockchain with no cheating? Government with zero corruption? Secure health care? Finally, the fourth industrial revolution? Yes, It is possible with blockchain.

What’s the use of it? Real, decent information and approved transactions without a tiny possibility of a fraud.

Interesting facts

  • 9 out of 10 agree that blockchain will disrupt the banking and financial industry. It is estimated that banks could save $8-12 billion annually if they used blockchain technology.
  • Only 0.5% of the world’s population is using blockchain today, but 50% or 3.77 billion people use the internet.
  • In terms of its development, blockchain is where the internet was 20 years ago.