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What Is Blockchain - Future Of Science & Technology.

Blockchain :

Blockchain :

Modern technology allows people to communicate directly vice and video calls, email pictures, and instant messages. Travels directly from a to b maintaining trust between individuals, no matter how far apart they are. 

when it comes to money people have to trust third parties to be able to complete the transaction. There are a few basic concepts of Blockchain which mentioned below using some points: 


Let's Start:

(1) Blockchain technology is challenging the status quo in a radical way by using Math and cryptography.


(2) Blockchain provides an open decentralized database of every transaction involving value, money, goods, property work or odd creating a record whose authenticity can be verified by the entire community.

 (3) The future global economy will move towards one of distributive property and trust, why anyone who accesses to the Internet can get involved in the blockchain-based transactions and third party trust organization menu longer be necessary.

 (4) The uses of blockchain Technology or only some expect that in less than 10 years, it will be used to collect taxes.

 (5) 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 a public and distributed ledger which will be accessible by anyone who was an Internet connection.

 (6) Think of it as wills and contracts that execute themselves audited proof of existence for ideas much like a patent.

(7) Blockchain will become a global decentralized source of trust but not everyone is ready to embrace it.

 (8) A Huge proportion of Trust services from banking to notaries will face challenges on price volume and in some cases dear very survival.

 (9) 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.

(10) The unimagined new network will evolve to meet society's needs more cheaply and potentially more security.

We governments financial and legal institutions embrace blockchain .what will happen to the ones who don't? 

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