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How Blockchain Technology Will Change Economy With Trust
Thu January 7, 2021
In the history of mankind, wars have been fought, life and standard of living have been subject to devaluation, and adequate communication amongst peers, be it friends or governmental, have been all but nonexistent or feared as illegitimate due to a lot of factors, a major one being lack of trust amongst the parties involved. In comes blockchain technology, which is basically a medium of proof of transparency between parties without the rigidity of a centralized system. It is a chain of modification resistant data in an open ledger that records transactions between two parties both efficiently and in a verifiable and permanent way.