How the Blockchain Revolution Will Decentralize Power and End Corruption by Brian Behlendorf
"Blockchain is an open ledger system where transactions are irreversibly recorded and immediately shared to a distributed network of witnesses (companies, agencies, individuals). The beauty of this idea is in its decentralization—if no one person or institution holds power, then that power cannot be abused. The potential for this technology is enormous: it could significantly lower corruption and eliminate fraud in many industries like banking, freight, construction, and even trace the provenance of goods like diamonds. "Blockchain technology allows us to build these same kind of systems but in a world where we don’t want to or we can’t trust central actors," says Zehlendorf.
yes it will be the future! and we are all onboard!
Although many opportunities for the blockchain require a digital currency, Bitcoin is only one application of this great innovation in computer science. The blockchain can hold any legal document, from deeds and marriage licenses to educational degrees and birth certificates. Call it the World Wide Ledger. It enables smart contracts, decentralized autonomous organizations, decentralized government services, and transactions among things.
Important details for blockchain revolution.
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the great blockchain system...hope so we will get something exceptional.and it's revulation is very important...
@resteemed
Très bon article mon ami @elewarne
I hope it, without banks
Adopt the blockchain technology or fail at becoming or maintaining business as an industry leader.
I Agree that the Blockchain will help to fight corruption and make everything clear!! imagine all municipalities having to use smart contracts to source the constructions publicly and easily accessible!
good time for the people like us who are already a part of block chain
blockchain is a thing of great intetest to me.thank for shating
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