You see a lot of headlines and hear people talking about Blockchain being the future. But not everyone understands why.
In one sentence, it’s because it offers decentralization. But what does that actually mean in the real world?
Businesses today typically act as centralized entities of some kind. Take some of the hottest companies around today – Uber, Airbnb, eBay, they all act as a middleman.
They are a centralized repository with information about people who want a ride and people who can provide a ride, or people who have a room to rent and people who want to rent a room, etc.
With the development of the Blockchain, the need for centralized entities disappears. This information can become publicly and readily available without anyone being the “keeper” of information.
This is where the power of the Blockchain truly lies, and understanding how it functions and its powers can help you be at the forefront of a fast-emerging, new technology that many Fortune 500 companies have already recognized as the technology that will change the way the world functions.