So when asked by someone.... What's this BLOCKCHAIN all about, I proudly say that it is a decentralized digital database. This means it could never be hacked nor controlled by one man influence as it is being linked to many computers as intermediaries. Amazing right? You need to know more, blockchain has come to stay, infact it has brought about tremendous change in all aspects of human existence. On a scale of importance Web 0.2 has done well but Web 0.3 has done more and this is visible but how about we explore the various aspects of which Web 0.3 blockchain has influenced life's existence positively
Few important aspects like:
- Banking sector
- Healthcare sector
- Unifying communications
- Programmed robots
- Cyber security
Let's just deliberate on the few above
Banking and Finance:
Long queues at banks has been curbed drastically with the aid of this digital technology called blockchain. The feeling that one can actually sit in the comfort of his home, make transactions faster, efficiently and more secured makes me feel butterflies in my stomach. I can actually save my money in a digital wallet without having to panic that I may be frauded or my account drained. With Web 0.3, banking stress is never an option and that keeps my temperature in check, can simply make purchases and pay with Crypto currency from my wallet when there's no physical cash
to make payments with.
So when asked by someone.... What's this BLOCKCHAIN all about, I proudly say that it is a decentralized digital database. This means it could never be hacked nor controlled by one man influence as it is being linked to many computers as intermediaries. Amazing right? You need to know more, blockchain has come to stay, infact it has brought about tremendous change in all aspects of human existence. On a scale of importance Web 0.2 has done well but Web 0.3 has done more and this is visible but how about we explore the various aspects of which Web 0.3 blockchain has influenced life's existence positively
Few important aspects like:
- Banking sector
- Healthcare sector
- Unifying communications
- Programmed robots
- Cyber security
Let's just deliberate on the few above
Banking and Finance:
Long queues at banks has been curbed drastically with the aid of this digital technology called blockchain. The feeling that one can actually sit in the comfort of his home, make transactions faster, efficiently and more secured makes me feel butterflies in my stomach. I can actually save my money in a digital wallet without having to panic that I may be frauded or my account drained. With Web 0.3, banking stress is never an option and that keeps my temperature in check, can simply make purchases and pay with Crypto currency from my wallet when there's no physical cash
to make payments with.
Healthcare sector:
How about I tell you that many diagnosis are done with blockchain technology. Doctors do not have to go about testing to ascertain where the problem lies when actually, the scanner is available to spot an ailment. A patient's data is super safe on [blockchain] (/@@leoglossary/blockchain) as the medical history is more accessible and accurate. Data exchange between healthcare providers have been made possible and has helped in tracking supply chain, improving safety of drugs and curbing fake medications. Blockchain has been a patient's confidentiality as vital information concerning a patient could never be hacked into without the patient's permission
Unifying communications:
With our mobile devices clearly out of the picture, can we say Web 0.3 has enhanced communication??? In the affirmative, YES. Faster, safer and more organized communication procedures has been enhanced. The various decentralized applications have further equipped communication around the globe, like take a look at HIVE, I'm opportuned to communicate to a world of difference individuals, people I've never met but I can proudly say I've made friends of different status, backgrounds, race and languages. People I'll love to meet like 
Programmed robots:
Have you explored the recent robotic markets so far, have you noticed that apart from the use of AI in the operation of machineries like cars, refrigerators, doorbells or even buildings, Web 0.3 has employed software connectivities and sensors handling major operations. How relieving that is, knowing that most man-made activities could actually be done by well programmed robots with blockchain as their brainbox.
Cyber security:
And I think this is the height of it. With the aid of decentralized applications Web 0.3 has ensured that cyber activities are made more secured through advanced cryptography, therefore not vulnerable to cyber attacks, hacks and unauthorized changes. Since it is decentralized, it can never be subjected to being corrupted by a one man.
Conclusion
Blockchain technology and it's possiblities are limitless. Looking at Web 0.3 from this perspective, few years from now, I'm sure there must have been a lot of changes as these changes will be spearheaded by it's potential. Global businesses have successfully gained grounds with the aid if Web 0.3, thus making such businesses efficient and profitable. The future of blockchain [technology]
(@leoglossary/leoglossary-technology) glows but a wide range understanding will be necessary in order to be adopted by all sectors. It's a gradual process, it has come to stay and will sure excel limitlessly.
So if you're actually stumbling on this post, why not sign up via 👉 https://leofinance.io/