The current reality that we live in is relying more and more heavily on technologies as time goes on. Technology has not only had predicted impact on some industries (like the science and medicine industries), but seemingly expected impacts on others (such as the hospitality and art industries). Among these new technologies that are paving the way and revolutionising the world are blockchain technologies. Authentic blockchain networks are shifting the scopes of what technology can offer humanity – and they are doing so in a vast way. Blockchain technology has forged the pathway to introduce an entirely new kind of internet, effectively allowing digital information to be shared without being copied. Additionally, the process of storing information on a blockchain network allows the data fed to the system to be stored securely. Described as the “internet of value”, the popularity of blockchain technologies is continuing to rise, despite fluctuation in the costs.
The buzz around blockchain technologies has been surging upward for a few years now. Any form of new technology must serve a greater purpose, for a greater audience – meaning, the technology must be useful for everyone, not only the technologically inclined. The latest in a series of structured innovations designed to make life easier, blockchain technology thrives as a system that stores data securely without the need for saving said data. Blockchain technology not only provides a platform that makes the lives of the many people easier, but it also does so in an automated fashion (which makes the process easy and quick for everyone, not just those that understand the technology).
The exciting thing about blockchain technology is that it can be used on either public formats (the internet) or private formats (the intranet), making them more effective when transferring information. Storing immutable records, blockchains distribute said records among each individual user – and each user has their own private cryptographic key…making privacy key and centre. Additionally, blockchain networks create real-time transparency and a concrete trail of each transaction entered into every network, distributed over hundreds of thousands of computers. As a result, blockchain networks are practically impossible to hack. Virtual privacy just entered a whole new stratosphere.
People are used to sharing information through a virtual platform – the internet – but there is a substantial difference between sharing information and transferring value…which is the concept that people have had issue with in the past. Because the internet is such a public platform, privacy has always been a topic of discussion and concern. Individuals are used to – and more comfortable with, for the most part – using traditional value transference methods (like banks) to handle their currencies and other values.
Blockchain technology is the single biggest creation since the internet burst into fruition.
Cryptocurrencies like DasCoin allow users to unlock their personal financial prosperity with peace of mind, due to the cryptocurrency being solely focused on delivering solutions that capitalise on empowerment, control, and freedom. Blockchain technology offers users the opportunity to eliminate the “middleman” in the process. By recording transactions in real-time, firmly establishing an identity, and establishing contracts, blockchain networks can efficiently (and safely and securely) remove the necessity for bank connection at all – making them an entirely new (and secure) league of virtual transference and communication.
Blockchain technology is predicted to change the face of the world of technology forever. Everyone should aim to at the very least be aware of blockchain technologies, as they are proving themselves to be more and more useful as time goes on, and less and less the trends that they were once anticipated to be. Blockchains provide users with a unique opportunity to store their most sensitive intel into a decentralised ledger, rather than into every platform that one interacts with virtually. In using blockchain technologies, users free their systems from most (if not all) points of potential failure. Blockchain technology is often compared to the explosive introduction of the internet in the 90s…and with good reason. Using similar foundations, but modernising and building upon those foundations, blockchain networks effectively store and distribute information both efficiently and swiftly. As the security of blockchain investments is quite solid, it is not hard to imagine or understand how far this technology could take us, and what it could prove to be useful for in the future.
It is no secret that the world is developing to evolve into a digital, modernised version of what it once was. By reshaping the values and concepts that have gotten us to where we are, without eliminating them, we are effectively evolving old concepts and building on them to make them stronger, faster, and more efficient. As new technologies are introduced, industries are taking them on board and using them to elevate their business models and methods. Blockchain technology has drastically changed the way that information can be stored and distributed, which in turn has effectively transformed the ways in which all information flowing through authentic blockchain networks is secured. With the world moving at an ever-evolving pace, security is now more important than ever – blockchain networks not only make virtual security easier, but more ironclad.