The Blockchain could change our lives forever

The Blockchain has most certainly been in the spotlight of late as more industries are focusing on how the technology can make a difference in their line of focus.  2016 saw collaboration between countries, large corporations, consortium’s and various stakeholders with substantial capital investment.

Here is a definition on what the Blockchain is:

“It is a distributed database that maintains a continuously-growing list of ordered records called blocks. Each block contains a timestamp and a link to a previous block.  By design blockchains are inherently resistant to modification of the data — once recorded, the data in a block cannot be altered retroactively.  The first blockchain was conceptualised by Satoshi Nakamoto in 2008 and implemented the following year as a core component of the digital currency bitcoin, where it serves as the public ledger for all transactions. Through the use of a peer-to-peer network and a distributed timestamping server, a blockchain database is managed autonomously. The invention of the blockchain for bitcoin made it the first digital currency to solve the double spending problem, without the use of a trusted authority or central server.” Wikipedia

Watch this video compiled by the World Economic Forum on the Blockchain and how it will impact our lives.

Blockchain is coming and it coming save lives

Blockchain: what it is, how it really can change the world. Read more: http://wef.ch/2jqrjlU

World Economic Forum 发布于 2017年1月14日

Here is a short explainer video for Newbies:-  What is the Blockchain?

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