From the arrival of the Internet, our world and our daily habits have drastically changed over the last 20 years, and so has the business world and markets. The Internet brought many benefits: reduced research costs, easier, faster and cheaper communication between people separated by miles of distance. We discovered new types of easily accessible entertainment… And we can even see the weather forecast right on the screen of our phones.
But there is another important advance that the Internet gave us, a product of our growing assimilation of digital technology as part of the daily routine and the need to solve some new challenges. We talk about managing money and payments quickly, transparently and securely in a digitized world and a global market.
When the first cryptocurrency Bitcoin appeared online a few years ago, not only did the concept of money changed, but the software that gave it life was also the beginning of a new technological era.
Bitcoin, OneCoin and the more than 500 cryptocurrencies existing in the world make use of this technology as it was planned, but its properties fascinate us more and more. It’s not only a much faster and more secure way of sending money from point A to point B, without using banking services as intermediaries. Soon, it will be the dominant technology: the same happened to the Internet, which now is part of almost everything we do.
The advantages of the blockchain technology can be summarized briefly mentioning the areas in which it will be important: payments and transfers, energy companies, the music sector, insurance, real estate, transparent elections and control of political corruption, bureaucracy and medical records. It could influence food packaging and distribution systems to bring more control of their quality and condition.
So it doesn’t really matter if you haven’t heard about it until today. The forecasts say that in a few years the blockchain technology will be part of our lives in one way or another, whether you work with it or not.
And in case you are not familiar with it yet, you’d better stay in tune: blockchain is an online ledger system cryptocurrencies run on. But it is, above all, a large database that is constantly updating and whose data cannot be manipulated or falsified or just be erroneous. The blockchain records movements and places, which is why it’s a very useful system for managing data inputs and outputs that require transparency, accuracy and security.
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