The future of blockchain technology

What is a blockchain?

The term blockchain has been used in many social-corporate conversations in recent years, it seems that everyone has heard of blockchain technology, but most people do not really understand what it really means.

To give you a clear idea of ​​what blockchain technology really means, let me give you a brief overview of the history of money transactions. Historically, when people exchanged valuables, there were intermediaries whose sole purpose was to establish the authenticity of the two sides “to establish trust between them.” At present, these average people are known as banks. The use of banks: brokers has continued over time, with the advent of digital assets such as stocks, e-money և intellectual property, the need for a more secure method has arisen. This is because digital assets are usually files inside a computer that are therefore vulnerable to manipulation or theft. Thus, the use of blockchain technology allows the parties to enter into open-transparent transactions, ensuring the secure and efficient exchange.

The future of Bitcoin

Blockchain could completely shake up the financial industry, just as social media disrupted mainstream media or how Netflix destroyed blockbuster movies. Blockchain technology can be used as a platform to provide financial services to people all over the world, this includes people from developing countries who may not have access to traditional banking services և can not afford the rates required to make large transactions. . This technology has the potential to make great strides in almost every major industry that is typically exploited by large corporations.

The use of blockchain technology in education

Blockchain technology can be used in education to identify students who really need scholarships և those who can afford it. This is due to the fact that several students bypassed the system and received funding. This will actually hurt the needy students who eventually drop out or accumulate huge debts that make them almost work.

Finally, a large number of people can now hide their heads in the sand because they want the blockchain to go away, but this piece of technology is definitely not going anywhere. In the near future we will all trade, using blockchain as part of our daily routine, our grandchildren will read about money և ATMs just as we read about barter և gold. It is therefore imperative that we jump on the run as soon as possible and adapt before we are forced to adapt.

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