Blockchain, much more than cryptocurrencies
While it is true that the use of blockchain today is much more related to cryptomonies than other things, the reality is that its use extends beyond what some might think. Yes, actually for crypt lovers this is not usually surprising news but for those less literate in this technology are surprised to know that the implementation of the blockchain for the benefit and improvement of many aspects of our lives is just beginning.
If you don't believe it, keep reading this publication and find out about some other uses that are currently being given to this technology that undoubtedly went to stay.
Actually there are many uses that are currently being given to blockchain technology, for this reason in this first part I will mention three uses, and I will continue expanding the list in the next post, so let's start:
Obviously, I must start by saying and emphasizing that you are reading this publication that is published in a blog that is based on a chain of blocks, which makes it indelible once it has been published, and which cannot be altered at any time. Although some people can edit the posts, of course, this is an option, but the reality is that those changes that are made are equally recorded, there is no way to completely delete the former.
So having a blog in a decentralized blockchain is possible thanks to this new technology, and being able to monetize your content through earnings in cryptomonies, without the need to "have advertising ", which was the usual thing, is the best.
We live in a globalized world, in which to close some contracts and businesses the best thing was to do it personally, reading the small letters, to avoid frauds, scams, among other events that imply 'loss of money'. With the advent of the internet it became more and more necessary to have tools that provide us with a certain level of security in transactions.
Recently it is more and more in use what are the intelligent contracts, this allows us to make predetermined contracts at programming level and with a high difficulty (almost impossible) that someone loses money by default, and since these are configured so that they can be executed only when the parties involved have fulfilled what they should.
And these contracts are supported by Blockchain, particularly the Ethereum's is working perfectly with these types of contracts.
Nowadays, using the traditional banking route to make fund transfers between banks in different countries is a process that usually takes days and even weeks if there are any inconveniences. Besides, taxes can be very high for these processes. However, the Blockchain allows us to make transfers between countries in a matter of even seconds, with a high security rate. don't you think so?
In this same platform we can make balance transfers from an account of a user located in Asia and another located in America, or not?.
For now I consider this first part finished, and it's just the beginning, there are many more things that can be done based on this technology.
We'll read about it in the next post.
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