The inviscible technology changing the World.

in #blockchain6 years ago

Blockchain technology has existed for a while now though it hasn't yet been taken up by the public as it had been expected. It still remains the future of modern technology with a huge potential in transforming how businesses operate, how people deal with eachother to maximise output. It offers solutions in all sectors of life from social networking just as users here on steemit have experienced, to multi-billion businesses in transacting money.

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Blockchain offers the world a system where one does not have to trust the other to transact with them. Think about it, many times we fail to take up a big opportunity in life when it shows up demanding we invest in a project. The fear of being cheated pulls us away as any one can change records to take advantage of you. Blockchain technology changes this mindset by ensuring all records from the time an establishment was set up can not be tempered with. It uses a peer-to-peer way of working where every person has a copy of how the establishment runs and any change by one individual will have to be verified by each other person in the network for it to be accepted. Meaning all the information of the business is authentic. This means you can not be held back in initiating a project because of trust issues since your confident that no records can tempered with if everything is done on the blockchain.

There are a lot more problems blockchain technology is solving to make this world a better place. And am confident that in a few years, investors will build businesses basing on this technology. This is the best way one can confirm returns from a business as well as believing in the records of the business.

Thankyou for reading.

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