What blockchain will change in our daily life, Yves Vespisser.

Surely you have heard about cryptocurrencies: Bitcoin, Ethereum, Dash, Monero… They are increasingly used, but few people know that they cannot work without blockchain technology. But the latter is not only for these virtual currencies, it is also useful in our daily life. Moreover, later we will explain how blockchain will change your life.

Blockchain explained by Yves Vespisser

Blockchain or block chain is a huge digital ledger that lists all transactions carried out using this technology. They are transparent and traceable, so each participant can review them. But also, according to Yves Vespisser, they are decentralized, because the data is not stored on a server, but in thousands of networks. Users confirm their transactions without the intervention of intermediaries. In addition, they are anonymous, we cannot know the username. Note also its non-falsifiable side, as all information is encoded as numbers. Each operation requires two keys: a public key and a private key. All this makes the blockchain a revolutionary technology that can be very well used in several areas besides cryptocurrencies.

Various Blockchain Use Cases

  • Online Reviews: Most people who want to buy a product and/or service read online reviews first. They choose according to what they see. However, it cannot be said that these reviews are genuine. Thanks to the blockchain, no one can delete or change comments online.
  • Online payments: Blockchain is of particular interest in this area, especially in the case of cryptocurrencies. But it is also capable of securing electronic payments because it is not based on a centralized architecture, unlike systems like Swift or PayPal.
  • Voting: The idea of ​​using virtual ballot boxes is being mooted due to the risk of fraud. However, this is unlikely to happen with blockchain. Moreover, many people already use it during their electronic voting. Now we vote differently.

    Credits: Pixabay

  • Cloud: Whereas twenty years ago we used CDs, DVDs and USB drives for data storage, today we use the cloud – servers hosted in centralized data centers. But you should know that the blockchain can decentralize the Cloud.
  • Identity documents: Blockchain helps to digitize administrative documents without the risk of being hacked. We are talking about identity cards, passports, marriage certificates, birth certificates… It also makes it easy and inexpensive to access data on the same platform. In the same vein, blockchain facilitates the digitization of medical records.
  • Facilitated transactions: Blockchain is beneficial for international companies as it simplifies transactions. This avoids going through multiple procedures and transfers of funds. This saves time, reduces costs, speeds up work and ensures optimum safety. should be discovered.

Back to top button

Adblock Detected

Please consider supporting us by disabling your ad blocker.