The digital revolution, no matter in what form, always strives to make the world better for all. And, the latest technology that promises to make the world better is something called BLOCKCHAIN, which PC World describes as “a historical fabric underneath recording everything that happens exactly as it occurs.”
As more and more of our everyday transactions are done online — such as banking, shopping, and paid communications — blockchain becomes more integral to our every day lives. One of the benefits of the technology, of course, is that we don’t even realize it’s there, which The New York Times argues is the best trait of this revolutionary system. What’s more, says the Times, it’s a technology that’s behind rising “cryptocurrencies” like Bitcoin. If we, as a society, move towards digital currencies in all its forms — and we move away from physical currencies like credit cards and cash — blockchain will become more integral to our lives.
Finally, according to NPR, blockchain doesn’t just help people in a democratic society. Rather, blockchain can help those in the poorest of countries, too. People who work in a developing world, such as economists, find that blockchain technology helps the people they are trying to help — for example, how can a poor farmer in India protect himself, and his land, by saving the documents that prove he does own the land? Blockchain technology plays a big part in that.
That’s why it’s important for businessmen and businesswomen to not only understand blockchain technology and how it works in our everyday lives, but to see the value in it. For more information on blockchain technology, and how it can benefit you, contact us today.