Blockchain at Work: How the Tech Will Change The Way We Live

Blockchain at Work: How the Tech Will Change The Way We Live

Blockchain at Work: How the Tech Will Change The Way We Live

Information about Blockchain at Work: How the Tech Will Change The Way We Live

Kevin David Scam or Legit


How do you know where your coffee beans come from? How about your gold? Blockchain could soon help to track and verify the origins of many luxury goods, from diamonds to designer handbags.With the help of blockchain, consumers will be able to see exactly what they’re buying, says Rachel Mayer, director at ConsenSys Enterprise, an incubator for new applications of the technology. Many governments are also interested in using blockchain as part of a national system for recording property ownership or land titles, says Shyam Sundararajan, a computer science professor at New York University who works on blockchain projects. The World Economic Forum predicts that 10% of the global gross domestic product will be stored on blockchain by 2025. Now, blockchain is poised to become more than a buzzword, with startups and large companies alike racing to figure out how the technology could reshape their industries.Blockchain is a giant ledger of transactions maintained by a network of computers across the internet. It’s designed to be tamper-proof because it synchronizes real-time and records transactions chronologically. All of this makes it ideal for recording financial transactions, such as stocks and bonds or currency and cryptocurrency trades. But blockchain is also useful for …

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