Blockchain remove geographical boundaries
Mother technology allows people to communicate directly voice and video calls emails pictures and instant messages travel directly from A to B.
Maintaining trust between individuals no matter how far apart they are when it comes to money, people have to be able to complete a transaction Blockchain technology is challenging the status in a radical way by using math ad cryptography Blockchain provides an open decentralised database of every transaction involving value Miney goods property work or even votes Creating a record whose authenticity can be verified by the entire community and remove geographical boundaries.
The future global economy will move towards one of distributed property and trust with everyone be access to internet involved pick up the blockchain, based transaction and third party trust organization may no longer be necessary.
The uses of blockchain technology are endless.
Some expect that less than 10 years it will be used to collect taxes .it will make it easier for immigrants to send money.
Back to countries where access to financial institutions is limited, financial fraud will be significantly reduced as every transaction will be recorded on public and distributed ledger.
would you assessable by anyone like you as an internet connection?
think of it as wills and contracts that execute themselves, or dated proof of existence for ideas, much like a patent blockchain will become a global decentralised source of trust but not everyone is ready to embrace it.
a huge proportion of trust services, from banking to notaries will face a challenge on price volume and in some cases their very survival.
public authorities could find it more and more difficult to enforce traditional financial regulations
due to the new possibilities offered by the bitcoin network to bypass traditional financial intermediaries.
unimagined new networks will evolve to meet society’s need more cheaply and potentially more securely.
will governments financial legal institutions embrace blockchain?
What will happen to the ones who don’t ?!
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