How blockchains could change the world?
The blockchain is basically a distributed database. Think of a giant global spreadsheet that runs on millions upon millions of computers. It is distributed. It is open source, so anyone can change the underlying code and see what is happening. It is really equal to equal; it does not require powerful intermediaries to authenticate or settle transactions.It uses cutting-edge crypto, so if we have a global, distributed database that can record the fact that we've made this transaction, what else could it record? Well, you could record any structured information, not just who paid whom, but who married who or who owns what land or what light purchased power from which power source. In the case of the Internet of Things, we are going to need a blockchain solution system underneath. Banks will not be able to settle trillions of transactions in real time between thing, So this is something extraordinary. An immutable and unbreakable distributed database of digital assets. This is a pla...