Blockchain matters; The real power of the blockchain is not discovered yet. It’s getting today the attention of large companies. And this is for a reason. Blockchain is an unbreakable ledger which can contain any kind of information. This is why blockchain is so important.
Blockchain bigger than internet
Internet has changed the way we communicate forever. Internet has brought us many innovative applications. Think for example of WhatsApp or email. It has never been cheaper and simpler to communicate with anybody anywhere on the planet.
Blockchain makes it possible to make payments directly from person to person without using a bank.
Let’s say you want to pay a friend on the other side of the world € 10. Your bank and your friends bank need to process this payment. Your transaction goes through a complex banking network. This is the main reason your transaction can take days before its completed. Blockchain can process your transaction with the speed of light and with very low costs.
For banks it will be a lot cheaper and faster to do payments like never before. And most important here is it’s very scalable.
The key to success for the blockchain is probably that it goes further than financial applications only. See it like this blockchain can contain any kind of information. The information in the blockchain is always the truth and cannot be hacked. Therefore the applications of the blockchain can be literally ENDLESS. There are no limits.
Record of ownership
Based on blockchain technology an unbreakable record of land ownership can be created. In this public ledger anybody can see who owns which plot of land for example.
This is just one example of what blockchain can do. But once we discover the real power of blockchain it might actually turn out to be one of the biggest IT inventions of our time.
We are now investigating
Blockchain is a supertanker that will make any kind of information very reliable and easy. The world is discovering what it can do for all kinds of industries. Whatever happens one thing is for sure it will bring us good stuff which will change the world as we know it.
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