There are still many people who have not heard about the blockchain or do not understand the technology and its potential.

The blockchain has the potential to affect your life both personally and, professionally. It's not just a hyperbola. This is going to be the next thing.

It is therefore essential that you keep up to date on your past, present, and future.

One of the most talked about benefits of those included in the blockchain technology is how it can prevent future payment scams. For beginners, it protects both buyers and sellers by using "smart contracts". This process can prevent those times when you purchase a product and the seller does not provide his side of the transaction.

Since all transactions are recorded, another way to prevent fraud is by not using the currency for double-spending or counterfeit currency. Once a currency, tick or foreign currency is used, it can not be used again.

There is also the possibility that companies and individuals cannot handle books or deceive clients. Again, every recorded transaction, every dollar is calculated and this will prevent an Enron situation. Financial fraud can be a matter of the past because it will protect intellectual property if it is publicly shared in a blockchain.

The most obvious advantage is how secure it is. Apart from the fact that transactions enter the ledger, it is guaranteed that the transactions are held directly between the two parties requiring a unique signature to confirm the transfer. Without a third party without the signature, coins, and tokens can not be changed.