As with the Internet, block-chain technology is embedded in all aspects of human life


nnnWalking Comments: As with the Internet, block chain technology is embedded in all aspects of human life. Block-chain technology is likely to disrupt and cross the boundaries of all technology. Its inherent characteristics make it very important in several industries where data management is critical. The basic aspects of this technology – based on encrypted money and assets, allow people to rethink and then implement new ways to create and exchange value online. Almost every industry in the data management are experiencing some form of block chain technology.n
nnTranslation: Dorisn
nAs with the Internet, block-chain technology is embedded in all aspects of human life.n
nBlock-chain technology is likely to disrupt and cross the boundaries of all technology. Its inherent characteristics make it very much needed in several industries where data management is criticaln
nThe basic aspects of this technology – based on encrypted money and assets, allow people to rethink and then implement new ways to create and exchange value online.n
nAlmost every industry in the data management are being affected by some form of block chain technology. Some of the characteristics of the block chain have been applied in most of the technical processes, including:n
nn
nInvariancen
nThe information stored on the block chain can not be changed. Thus, the need for trust or additional authenticity of the data stored in the block chain is completely eliminated.n
nn
nsafety n
nThe block chain is not a centralized system. In essence, the information stored on the block chain is saved and protected by all participating computers worldwide.n
nTherefore, in order to destroy the system, hackers must also break through most of the participating computers. This is an almost impossible task.n
nn
nTo center controln
nBlock chains provide individuals with the ability to control their own resources (tangible and intangible). Since there is no control center, each participant in the chain chain retains the power and control of its data.n
nThe point-to-point nature of the transaction allows the parties to trade directly on their own terms. Thus eliminating the interference of intermediaries or intermediaries.n
nn
nCapacity and speedn
nCompared with the central server, in the block chain has a large number of computers can provide more power and storage space for the network. This will improve the process efficiency of the transaction and data management process.n
nAt present, many industries are undergoing major changes because the block-chain solutions are being introduced to enable them to operate more efficiently. Some of these industries include:n
nn
nVoten
nBorderless CEO Christopher Franko told Cointelegraph that one of the few use cases that could actually benefit from irrevocable record protection in addition to currency and value trading.n
nFranko said:n
nn”There is a great demand for transparent and genuine and reliable elections on a global scale, and people are tired of picking out rather than electing politicians from them. At Borderless, we design VoteLock as the first unchangeable for an open democracies We believe that every vote is important because you are very important.n
nnFranko points out the benefits of using a block chain to store a vote:n
nn
nnImprove convenience and participation;nnnPublic accountability to prevent voter fraud;nnnVoters’ rights can be immediately and fully managed;nnnElections are electronically encrypted by cryptography;nnnVoting is recorded in a way that is written quickly and the count has become a past.nnn
n
nn
nreal estate n
nAccording to Bitland’s chief system officer Larry Christopher Bates, the block chain affected the real estate industry that remained essentially unchanged in the last century.n
nBlock chains reduce management costs, make transactions faster, notarized work easier, thereby increasing the efficiency of real estate transactions.n
nBates told Cointelegraph:n
nn”With the emergence of the real estate bubble, it is very important to track the reasonable value of the land being sold, and it is very important to build a market that is resistant to the bubble, and when the bids and deals are open, there is not much room for the price to become too high.n
nnHe also pointed out that the use of block chains in real estate makes it easier for people to buy or sell their homes through sales of agents, so that they can use land to hide funds or money laundering.n
n”Overall, the block chain is making the real estate industry more transparent and able to withstand another crisis,” Bates concluded.n
nn
nAttention economyn
nContent creation and equity allocation have been under the control of a centralized server such as Google’s company.n
nSynodeo, a chain-chain start-up company, has developed WildSpark, a meta-level platform for fair and distributed content creation and distribution.n
nSynereo co-founder Anderson Mccutcheon said:n
nn”This solves the content and the way in which its creators are governed by profit and strict regulations mandated by some large companies.”n
nnThe block chain provides a decentralized environment where creators, principals and content communicators can be paid directly at all levels of participation.n
nn
nmoney transfer n
nNetcoins CEO Michael Vogel explains how remittances are one of the major sectors affected by block chains.n
nVogel explained that Western Union is a major player in the remittance business, in some cases charged more than 10% of the cost, and remittance based on Bitcoin (even after the use of Bitcoin, the currency will be converted into legal currency) , Can provide the same service at ultra low cost.n
nHe also pointed out that the use of block-chain technology will allow traditional financial institutions such as banks to provide remittance services.n
nVogel said:n
nn”Traditionally, for the bank, the remittance business has largely failed to cost or generate revenue, which is why the Western Union often receives most of the remittance traffic. The block chain technology completely reshapes this business model, $ 50 billion in remittance per year, which is the first industry where block chain technology has a real impact on improving people’s daily lives. “n
nnn
nRecruitment and Human Resourcesn
nEmployers are faced with the test of the authenticity of the eligibility information of the applicant on the Internet when recruiting the staff.n
nThe invariance of stored data on the chain chain prevents any change in the data of the applicant during the job search process.n
nThis is part of a block-chain technology that is hired by the company to match the part-time job that students are looking for with the appropriate job opportunities in their field of expertise.n
nBitJob, who is a recruiting company, docked students with part-time work, whose chief executive Dror Medalion explained:n
nn”The decentralized point-to-point (P2P) market will revolutionize students’ lifestyles, gain work experience while learning, and engage students with work related to their chosen profession and earn a decent life throughout the school life “n
nnSeveral other industries have also been affected by the block chain technology. Including medical, insurance, education, telecommunications, entertainment and so on.n
nLike the Internet, every block of embedded chains can only be a matter of time.n

Leave a Reply

Your email address will not be published. Required fields are marked *