Things the Blockchain can do other than Cryptocurrencies

The blockchain is a data container. It stores millions of transaction entries. With the blockchain you don’t need a middleman; it is secure, tamper free and private. The blockchain cannot be changed once a transaction has been recorded and verified.

Cryptocurrencies are digital currencies. It is regulated by encryption techniques (private-key cryptography – the process of converting plain text into unintelligible text) to verify the transfer of funds. Cryptocurrencies operate independently of a central bank. It is decentralized and not centralized like banks

The blockchain is much bigger than cryptocurrencies. In future, this technology will be part of many everyday business-to-business transactions. The blockchain could work within enterprise applications to provide flexible, secure and streamlined business processes.

The blockchain can track and trade things of value. For example, when invoices are outstanding you can do it in a secure, transparent way.

The blockchain is going to change a lot of things in the future for us. It is very new and it is growing every day and there are a lot of opportunities for everyone.

 

05 Comments
Emilly Blunt

December 4, 2017 at 3:12 pm

Never say goodbye till the end comes!

Emilly Blunt

December 4, 2017 at 3:12 pm

Never say goodbye till the end comes!

Emilly Blunt

December 4, 2017 at 3:12 pm

Never say goodbye till the end comes!

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