Where blockchain can be used

in bitcoin •  4 years ago  (edited)

The main idea which stands at the core of the blockchain network was created in the early nineteenth.But only when the Bitcoin system was founded and began to actively develop at 2009, people started to research it closely not only in theory but also in practice. There is the other fact, which encouraged their interest - Bitcoin was created by an anonymous group or even one person operating with the pseudonym Satoshi Nakamoto. This is clearly a pseudonym since there is not any real information about this person has been known to anybody, despite the fact that technological innovations which he created did serious changes to the understanding of finance, international money and asset transfers not to mention the methods of storing the data.

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Majority of technologies, based on blockchain- are working at the principle of distributing information within the entire network, which significantly improves its immunity to any external changes. It sure is one of the most important features for cryptocurrencies and the guarantor of the successful functioning of the system in total. And taking into account this information, we can assure that it also can be used in other industries

And since blockchain-based cryptocurrencies are improving amazingly actively in our time, the main principle of integrating and saving the information can be used in other areas.

For example- the Legal field, where it will become impossible to make any changes to documents and the records will be saved on different devices with high resistance to external changes. Other could be tokenisation of asset ownership, with possibility to sell part of this asset, or give it to someone. There is a lot of options where blockchain can be used, we just have to research it a little bit more.

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