Bitcoin the fools gold offered by the rothschild cartel. Rudolf the tall. No. 351

Published on 17 Aug 2017

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  1. Blockchain: The Invisible Technology That’s Changing the World

    Blockchain is becoming the foundation of much of your digital life. And you probably don’t even realize it.

    Rob Marvin Icon
    By Rob Marvin
    August 2, 2017

    Blockchain isn’t a household buzzword, like the cloud or the Internet of Things. It’s not an in-your-face innovation you can see and touch as easily as a smartphone or a package from Amazon. But when it comes to our digital lives—every digital transaction; exchange of value, goods and services; or private data —blockchain is the answer to a question we’ve been asking since the dawn of the internet age: How can we collectively trust what happens online?

    Every year we run more of our lives—more core functions of our governments, economies, and societies—on the internet. We do our banking online. We shop online. We log into apps and services that make up our digital selves and send information back and forth. Think of blockchain as a historical fabric underneath recording everything that happens exactly as it occurs. Then the chain stitches that data into encrypted blocks that can never be modified and scatters the pieces across a worldwide network of distributed computers or “nodes.”

    Blockchain always has an immutable “ledger” that you can see, verify, and control. At the same time, it has no single point of failure from which records or digital assets can be hacked or corrupted. Because of its distributed-ledger technology, blockchain has applications across every kind of digital record and transaction, and we’re already beginning to see major industries leaning into the shift.

    First up are the big banks and tech giants. Big business will always drive innovation, and the rise of blockchain-based smart contracts (read on for more explanation of them) turns blockchain into a middleman to execute all manner of complex business deals, legal agreements, and automated exchanges of data. Companies such as Microsoft and IBM are using their cloud infrastructure to build custom blockchains for customers and experiment with their own use cases. On the academic side, researchers are exploring blockchain applications for projects ranging from digital identity to medical and insurance records.

    At the same time, dozens of startups are using the technology for everything from global payments to music sharing, from tracking diamond sales to the legal marijuana industry. That’s why blockchain’s potential is so vast: When it comes to digital assets and transactions, you can put absolutely anything on a blockchain. A host of economic, legal, regulatory, and technological hurdles must be scaled before we see widespread adoption of blockchain technology, but first movers are making incredible strides. Within the next handful of years, large swaths of your digital life may begin to run atop a blockchain foundation—and you may not even realize it.
    Beyond Bitcoin

    Continue:
    https://www.pcmag.com/article/351486/blockchain-the-invisible-technology-thats-changing-the-wor

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