Blockchain - Ushering the Internet of Value

in cryptocurrency •  7 years ago 

Blockchain - Ushering the 'Internet of Value'

The technology that is going to revolutionise the world as we know it, has arrived. And its not Robotics, its not even Big Data or AI. Its actually what we all know as the Blockchain. The blockchain revolution is sweeping the world.

The first generation of digital revolution brought us the internet of information. The second geberation powered by the blockchain is going to usher in the internet of value. These are famous words of the celebrated author of the bestselling book "Wikinomics", Don Tapscott.

What is the Blockchain

It is simply a protocol that allows transactions to be anonymous and secure by maintaining a public ledger. It is the technology that drives bitcoin and most cryptocurrencies. The underlying framework has thr potential to go far beyond these and record virtually everything of value, from birth and death certificates to insurance claims and even votes.

Why should we care, you might ask. Because in the near future, everything is going to be potentially driven by the blockchain. Most industries will have Blockchain as their main underlying framework. Maybe you are an artist or a music lover who wants to make a living through their art form. Or perhaps an immigrant like me, who is sick of paying huge fees for their education, just to maintain legal status or who wants to send money home, this technology is going to touch the lives of everyone.

And these examples are only the tip of the iceberg, really. This tech is public, encrypted and readily available for anyone to use. Its already seeing widespread adoption in a number of areas, most notably banking.

This is a huge paradigm shift, thats underway with the unraveling of this revolutionary technology and we are going to witness huge disruptions in many industries.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

'a huge paradigm shift' indeed. We cannot think of all the possibilities because this was never invented before. The 'Internet of Money'.

Decentralized apps and decentralized storage will bring on the true meaning of Cloud computing, only possible because of Blockchain.

Many people are looking at blockchain simply as a cryptocurrency platform but they do not realize the possibility with this technology.

Can't wait to see what certain utility blockchain will bring to the table, platform like, golem, lisk, eos, sia, storj, and many others will bring the revolution in how the apps are being developed and consumed.

Thank you @cryptogem? How much memory would one persons device need to loan to the blockchain to be able to track data of billions of devices, cryptocurrencies (bet there will be several) & other tech just to be able to make this system workable. Will they have several different blockchains for different purposes? Such as, 1 blockchain for 1 currency. Another single blockchain for IoT (internet of things devices). Etc..

I understand blockchain bundle data data will simply be encrypted text data (probably compressed as well), but still very curious once the blockchain becomes a thing of the norm & everyones device (laptop, smartphone, etc.) will be keeping record of the blockchain(s), how much free space in Mb or Gb would be required?

This post has received gratitude of 7.45 % from @appreciator thanks to: @cryptogem.

This post has received a 31.46 % upvote from @boomerang thanks to: @cryptogem

@boomerang distributes 100% of the SBD and up to 80% of the Curation Rewards to STEEM POWER Delegators. If you want to bid for votes or want to delegate SP please read the @boomerang whitepaper.

This post has received a 11.91 % upvote from @buildawhale thanks to: @cryptogem. Send at least 1 SBD to @buildawhale with a post link in the memo field for a portion of the next vote.

To support our daily curation initiative, please vote on my owner, @themarkymark, as a Steem Witness

You got a 7.05% upvote from @upme courtesy of @cryptogem!

This post has received a 28.97 % upvote from @sneaky-ninja thanks to @cryptogem.

This post has received a 23.64 % upvote from thanks to: @cryptogem.
For more information, click here!!!!

The Minnowhelper team is still looking for investors (Minimum 10 SP), if you are interested in this, read the conditions of how to invest click here!!!
ROI Calculator for Investors click here!!!

You got a 15.99% upvote from @postpromoter courtesy of @cryptogem!