Hello steemian , Today i am going to make a big step to explaining the things which will be the most biggest invention of our century. I believe firmly that be an early adopter cause a great effect in our life. Cause history suggest that no matter who are stay with the greatest invention early, they got the benefit hugely. If you follow Bill gates, Jeff bezos they are early adopter of internet. If we want to do something great than we must have to find the right one and stay with that invention early. So that we have the advantage of the trend.
Before the identifying process of our generation gap, we have to understand well what was the previous one and how they solve the problem time to time.
Lets discuss about the greatest inventions of the world. In 1400 s we found Printing press , Before this invention we were not able to keep records of information easily, so gather knowledge was not easy, printing press solve this problem of gathering knowledge, we can say that this great invention solve our knowledge gap.
In 1800s engine was invented, before this invention human energy is the only way of solving power related issue eg. manufacturing products.For that reason slavery, colonialism effects our world and engine helps us to get rid of this problem, so engine solve power gap.
In 1903 Wright brothers invented and flew airplane. By this greatest invention we solve distance gap. Dream comes true.
In 1900s another great invention was occurred, "Internet" by which revolution after revolution is happening. Now we know about the effects of internet in our daily life. It solves communication gap.
All the invention solve the special problem in their own sector. Now what about Blockchain, what gap this great invention possibly gonna solve?
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Before this we have discus about ledger. This term can be explained as book-keeping, Where data are saved in a central place. Contracts, transcations and records of them are keep safe in the ledger centrally without strong and sometimes unverified ways. But those are the defining structure of our worlds. One delicate thing, "trust" is the only way till the date before 2008.
Think if you want to buy a house, you will see the records are stored before in the ledger example, think that house record started from
01.1900 this house was Build.
Sold to its new owner 1920.
20k investment in 1940.
Approved extension 1960.
Sold to its 2nd owner 1970
Failed inspection in 1975
Sold to its 3rd owner in 1990.
50k investment in 1995.
Electrical fire in 2000.
When we want to see the records of them we have to press some fixed place, which one are centralized not verify publicly and can be manipulated till 2008 for contracting those assets we have to believe some sort of centralized organization called intermediaries . But we have face many trust breaking events which one is worried us hugely. Think if any data like 3 rd house owner are not exist and look like you have purchased from 2 nd house owner what will happen next? Too much risky isn't it? by this process Trust gap is generated.
But in term of Blockchain all the data will be stored in an open, mutual distributed ledger where all those records are being secured with a secret key. If any data we want to enter on that database we have face some logical terms of Blockchain technology, And that must have to be verified by the others of the system, so no manipulation is possible. No need to trust any kind of intermediaris . By this process The gap of trust is deleted forever.
Now you think which real state company will trustworthy?Intregated with Blockchain, isn't it? In term of every transction, contracts and data storage we will feel safe with Blockchain technology. So take control of future with early adaptation of Blockchain.
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Inspired by : Richie etwaru
Image source:- pixabay.com