What if in this day, there is a technological advancement so powerful that it transform the very basic pillars of our society. What is a Blockchain? Let’s have a look at the blockchain breakdown.
A technology that fundamentally influences, the way that our economy, government systems and business function and can change our conceptual understanding of trade, ownership, and trust. Over the past decade clearly, an alternative digital paradigm has gradually been taking shape at the edges of the internet.
The blockchain is demystified and simplified as a global online database that anyone with an internet connection can use, but unlike the traditional transaction, it is a database technology that doesn’t belong to anyone. It started as the decentralized control related to the use of bitcoin’s blockchain transaction database in the role of a distributed ledger.
The blockchain is slowly becoming like a gigantic chronological chain, you can view it, add to it but you cannot change the information that is already there.
It enforces this by using mathematical code cryptography which records and can not be counterfeited or altered by someone else. It should not be confused as Bitcoin or Cryptocurrency as these three are not synonymous.
For the consumer, it looks like the future seemed much brighter with more security less cost and better experiences, As blockchain could be the biggest game changer to the poorest of the society and low-income country or fragile states with a risk of economic collapse.
For more interesting information please see the Infographic “Blockchain Breakdown – What is a Blockchain?”, made by the team of Q insights in simplified details below.
More Links
- Invest in Blockchain – What is Blockchain Technology? A Beginner’s Guide
- Bankrate highlights Insurance disruption: How blockchain is transforming the industry
- Commodity.COM offers a great guide, Is Bitcoin The New Gold? – This Guide Will Teach You How To Trade Crypto
Very helpful information, especially for beginners like us!
I’m glad you liked it Yeu, check out more of our business and technology topics too.:)
Soon I will do more of blockchain topic to serve you best as your potential reference in the future.
Very interesting. Great content.
Thank you, Mike, 🙂 you can check out some of our blogs in technology and business which may be informative and interesting for you if you have time. Have a great day!
Great Blog. Was looking for some blockchain insights. Thanks again, if you are looking for some bucket list blogs, go through Roshni Misbah and find out
That would be great! And thank you Vishal! I will check out Roshni Misbah right now. Check out other blogs, it could also be helpful for you too. 🙂
Interesting article. Thanks for sharing with us! 🙂
It’s lovely to know that you liked it 🙂 Feel free to read more of our blogs that would also feed your interest and might potentially be an informative material that could help as a reference for you in the future 🙂 thanks, Khadija 🙂
Great read! Very informative.
Thank you Tracy 🙂
Awesome Information. You have researched it well. Thanks for sharing such wonderful post.
Thanks, Arpit, we try our best to make a helpful and interesting topic for our audience. 🙂
great post, very useful information. thanks for sharing
You are welcome Jackie 🙂 hope this was informative and fun for you too.