
Don and Alex Tapscott Promote Blockchain Technology In New Book
The father-and-son writing team shows that blockchain is of a greater importance than bitcoin itself.
Ever heard of Bitcoin? Yes, I have too. 2017 will forever be remembered as the year Bitcoin, Ethereum and the rest of the cryptocurrency industry became firmly part of the mainstream life. This is the year that the world’s attention and imagination was finally captured by this industry as a result of its breakneck speed growths and the seemingly limitless possibilities it offers for the modern life. This is an industry whose growth is beyond what has ever been witnessed in the history of business and investment. And despite what its naysayers keep peddling about it, it keeps soaring in leaps and bounds.
Cryptocurrencies are however, only a fraction of the true representation of this intriguing industry, as there is hardly a sector of business or even life in general that will not come under its influence in the very near future. From Healthcare, to Insurance, to Elections and Self-driving Vehicles, every known sphere of life has something to benefit from the meteoric rise and endless solutions this industry promises.
Behind all the glitz and glamour and unstoppable surge is a gentle giant that powers it all. Be it cryptocurrencies, or other forms of life services, everything about this industry stems from perhaps what has been mankind’s greatest achievement so far, the BLOCKCHAIN TECHNOLOGY. This is the core of the new rise of whole new industries and modalities of doing business, this is what powers the greats like Bitcoin and promises to uproot big world monopolies in every industry and give control back to the user who so far remains sidelined. The blockchain technology is a limitless universe, and in this piece we will go over what it actually is, what features it has, some industries that benefit from it, and what the future might hold for this fascinating piece of human creation.
The blockchain technology can simply be explained as a decentralized open ledger system of adding, verifying and then recording transactions between peers in a transparent, efficient and irreversible manner. The blockchain technology is the first known man-made creation that is impossible to compromise, sabotage or change by any other human or single entity once it is put into play.
The blockchain technology was pioneered in 2009 by a person or group that goes by the pseudonym Satoshi Nakamoto, when he/they released the Bitcoin blockchain. This was to be an open ledger system on which transactions of anything of value, be it currency or even tokenized titles of traditionally non-liquid assets can be recorded between individuals in a very fast, highly efficient, and completely non-restrictable manner. The blockchain technology adheres to no border or bureaucratic red tapes as it can be used to send payment or any other thing of value between individuals directly without the use of any middleman, and with no regards whatsoever to border or state regulations.
The blockchain technology has no single point of beginning or ending, as the participating nodes or computers that make it up are spread all over the world and as such it has so far eluded every attempt of sabotage from unscrupulous online criminals and shutdown from world governments.
The blockchain technology has so many distinct features that make it such a unique invention and gives it a limitless horizon to explore. Some of the most important of these features include:
No piece of technology is worth anything unless it has a real and practical use that makes it make sense to its users. Some of the obvious and most important applications of the blockchain technology include:
The blockchain technology is indeed a revelation that will change the way life is lived on our dear planet. In less than a decade it has risen from obscurity to fame and influence that has not been seen since the rise of the internet. The blockchain technology’s great genus in sensitizing people about what is deemed impossible is unmatched by any technology before it, as it offers users like You and I a glimpse of the juicy side that has so far been the exclusive forte of big monopolies like Google, Facebook and Amazon. This technology as it is very obvious, has already begun shaping life as we know it, and will likely continue to do so for the foreseeable future. There are so many ills that plague almost every sector of business that users have been forced for so long to quietly accept, and the blockchain technology with its inherently democratic nature is here to right those wrongs. Despite what its detractors say, the blockchain technology holds all the four aces due to its multi-faceted, and immensely powerful structure, which means whether governments and other regulatory authorities around the world like it or not, it is here to stay with us, as there is just no feasible way of rolling it back, or shutting it down.
The father-and-son writing team shows that blockchain is of a greater importance than bitcoin itself.
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