What is blockchain?
The term blockchain has been used in numerous social and corporate conversations in recent years, and everyone seems to have heard of blockchain technology, but the majority of the population actually has no idea what it really means.
So that we can clearly explain what blockchain technology really means, let us give you a brief breakdown on the history of how the money transaction has evolved. Historically, when people used to exchange valuable items, there were intermediaries whose sole purpose was to record the authenticity of both parties and build trust between them. These intermediaries are currently known as banks. The use of banks and brokers has continued over time and with the emergence of digital assets such as stocks, electronic money and intellectual property, the need for a more secure method has emerged. This is because digital assets are generally files within a computer that are therefore vulnerable to tampering and theft. Therefore, the use of blockchain technology allows the parties to carry out transactions in an open and transparent way, ensuring that the exchange is safe and efficient.
Blockchain has the ability to completely disrupt the financial industry in the same way that social media disrupted mainstream media or in the same way that Netflix destroyed Blockbuster movies. Blockchain technology has the potential to be used as a platform that provides financial services to everyone in the part of the world, this includes people in developing countries who may not have access to traditional banking services and cannot pay the fees required to carry out large transactions. . This technology has the potential to make great strides in almost every major industry that is generally handled by large corporations.
The use of Blockchain technology in education
Blockchain course online technology in education can be used to determine the students who really need the scholarships and those who can pay for them. This is because some students have been bypassing the system and obtaining financing. In reality, this would end up being detrimental to needy students who end up dropping out or accumulating a huge debt that makes them work for almost.
Lastly, a large number of the population may be hiding their heads in the sand, as they want blockchain to disappear, but this technology is definitely not going anywhere. In the near future, we will all be trading using blockchain as part of our daily activities, our great-grandchildren will read about money and ATMs just like how we read about barter trade and gold. Therefore, it is imperative that we get on the car as soon as possible and adjust before we are forced to do so.
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