What is a blockchain?
The term “blockchain” has been used in many social and corporate conversations in recent years, and everyone seems to have heard of blockchain technology, but the majority of the population really does not know what it really means.
So that we can clarify what the blockchain technology actually means, we briefly describe the history of the development of a money transaction. Historically, whenever people exchanged valuable items, there were intermediaries whose sole purpose was to secure the authenticity of both parties and establish trust between them. These intermediaries are now known as banks. The use of banks and brokers has continued over time, and with the advent of digital assets such as stocks, electronic money and intellectual property, the need for a more secure method has emerged. This is due to the fact that digital assets are usually files on a computer, which are therefore vulnerable to manipulation and theft. Thus, the use of blockchain technology allows the parties to conduct open and transparent transactions, ensuring the exchange is safe and effective.
Blockchain has the ability to completely destroy the financial industry of the same media, destroyed by the media industry or in the same way as Betflix destroyed the Blockbuster films. Blockchain technology can potentially be used as a platform that provides financial services to everyone in that part of the world, including people in developing countries who may not have access to traditional banking services and cannot afford to require the necessary to complete large transactions. The technology is capable of making major breakthroughs in almost all major industries that large corporations typically manipulate.
Using Blockchain Technology in Education
The Blockchain technology in education can be used to identify students who really need scholarships and those who can afford it. This is because some students bypass the system and receive funding. It can actually be detrimental to needy students who drop out of school or accumulate a lot of debt, which makes them almost work.
Finally, a huge number of people can hide their heads in the sand, as they want the blockchain to go, but this technology is definitely not going anywhere. In the near future, we will all trade using blockchain as part of our daily activities. Our great-grandchildren will read about money and ATMs just as we read about barter trade and gold. Therefore, it is imperative that we jump on the steps as quickly as possible and adjust before we have to adapt.