The fourth industrial revolution is starting with the technological advances of recent years, but mainly with the change of mentality towards the way of producing, manufacturing, consuming…
As factories and technology become more “smart”, people engage in increasingly collaborative models. Everything is more social, more interconnected.
The blockchain combines the most advanced technology concepts and this collaborative spirit. Although the blockchain technology started back in 2008, it’s in the last couple of years when it has seen a significant advance. Now, the world begins to realize and to understand its potential. It can be an effective tool both in the financial world and when sharing or exchanging any kind of information.
The blockchain can, in fact, quickly and effectively replace a bunch of paperwork and bureaucratic procedures. It could even serve to secure electronic elections with a quick count and no failures or fraud.
Why can it not be manipulated?
It can be, but it requires such a great effort that it’s highly unlikely. Whether recording cryptocurrency movements or moving documentary or electoral information, the blockchain functioning is pretty much the same. The information is shared repeatedly within data blocks that are joined together forming a chain. To edit a single detail, it’s necessary to change it as many times as it appears in each of the blocks after it was introduced, at the same time. It’s a very complex operation that involves many people millimetrically organized in each given second.
So, is Blockchain the future?
The blockchain technology has the potential to be part of our life and to make it easier in many ways, but for this, industries and people have to accept it. Because it’s a technology that depends on all its users. It’s a technology that develops thanks to people.
Little by little, markets will facilitate its use, and step by step people will impose this system of payment. It may even replace a lot of online procedures and physical paperwork.
It has the potential to change everything in the near future. But in the end, it’s our decision if we want that change to occur.