Block chain technology will make are world a better, fairer and a more trust worthy place.

Hey bloggers,

This is just a quick blog on how blockchain technology will change are world in just a few years from now.

So how will it change the word? I could best answer this question by saying how did electricity changing are world 100 years ago? There are still many many things that have not yet been invented yet that will be running on blockchain technology who knowns what’s really coming??

Blockchain technology is already changing the world in a big way. If you work in the banking sector I would start studying for another job very soon.

Bitcoin is a currency which holds value by traveling on blockchain technology and it allows for the bypass of the banking system when completing money transfers.

This scenario really did happen to me only a few days ago, I opened a new bank account with a different bank here in my home country of Australia. I then wanted to transfer some of my own money from my old bank account to the now new bank account that I just opened. I walked in to my old bank and said that I wanted to transfer XXX number of dollars over to the new bank account. The cashier said “not a problem we can send the XXX number of dollars across to your new account but the fee will cost you $25.00”.

Yes $25.00 to send my own money from one Australian bank to another Australian bank, all located in the same country, that both share the same currency and speak the same language??? Sounds insane, but they really did want me to pay the fee or the transfer was not going to happen. I dread to think how much and how long it would take if I wanted to send money to another bank which is located overseas. At best guess, it would most likely cost 10% of how much money I was sending overseas and it would take a minimal of 5 business working days to get there.

Enter Bitcoins!
Using bitcoin you do not need a bank or any other third party to make the transfer happen the blockchain technology allows bitcoins to travel around the world from person A to person B, with very low fees, no third parties are need (no banks).

So how can Blockchain technology make the world a fairer place.
Poor countries and charities.
Sending Bitcoin to charities all over the world located in poor developing countries using Blockchain technology the money will get to your chosen charities no matter what, remember person B will always get what person A has sent them. It will stamp out fraud and corruption which has plagued charities for far too long and you will know for sure that your money as gone where you wanted it to go.

Voting.
Voting will become secure and fair, it will be impossible to rig an election. The public will know that who every gets elected got elected in a fair and democratic way because of block chain techology.

Buying real estate.
Sending important data and documents will be impossible to tamper with or fraud. Person B always gets what person A sent them.

Supercomputer.
A supercomputer running on blockchain technology. Where every computer in the world is connected, and sending their data back and forth completely secure.

Fake news.
Fake news will be stamped out as long as the news is coming from a trusted source. No more news about the Earth being flat!

Short I know but that is just a few things off the top of my head that I can think of. The future is bright.

Rob 