What's a blockchain? and why I am investing.
So what is Blockchain?
Marc Andreessen, founding partner of Andreessen Horowitz.
Mr Andreessen declares: "The practical consequence is for the first time, a way for one Internet user to transfer a unique piece of digital property to another Internet user, such that the transfer is guaranteed to be safe and secure, everyone knows that the transfer has taken place, and nobody can challenge the legitimacy of the transfer. The consequences of this breakthrough are hard to overstate."
The future of Blockchain.
The Blockchain is immutable, encrypted and decentralized has the potential of making every centralized process, activity, and organization fully autonomous. The explosive growth of Bitcoin in 2017 promoted the reliability and benefits of the underlying technology used by this cyber currency, the blockchain. In 2017, blockchain became the second most popular search word on Gartner's website. Blockchain is a great tool to use to store vast amounts of important documentation in industries such as healthcare, logistics, copyright and many more. Blockchain removes the need for a middleman when it comes to legalizing contracts. Now that Blockchain is here, it’s hard to imagine a future where it no longer exists.
Why am I investing.
Blockchain, and all that it will become is not just for venture capitalists hunting for the next big start-up. This is not a fad. Even if bitcoin fails, which I do not believe will happen, many established companies and startups are developing other uses for blockchains to secure information from tampering while giving every user access to the entire record of transactions. The pitch is that you can trust blockchain data even if you don't trust others participating in the chain. It's like a giant spreadsheet shared by many, but with no one empowered to doctor past records. The Blockchain appears to have the potential to be as trans-formative as the internet and I for one am and will be apart of it.
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