Blockchain, The Internet Of Things Has Revolutionized The World
Hello everyone,
The blockchain has revolutionized the way we see the internet altogether. That is because it is highly scalable with numerous of use cases. This makes it suitable for almost every single industry we can think of.
Blockchain has this quality because of a number of factors including its security, no single point failure, multiple authorities and ability to build numerous dapps on it. This implies that we will be able to apply blockchain in a series of ways to each sector.
Take for instance the hospital industry. This industry has a ton of paperwork and files of every individual out there. But what if there was a way for us to simplify the keeping of records. With blockchain, we will be able to maintain optimum privacy of the individual while ensuring that the records are never lost, with only a few people granted permission.
Similarly, in any financial institution, we can be able to grant access to transactions only by a handful of individuals using the private keys. If you have no access to a user's private key, you certainly cannot authorize any of their transactions.
This has made it one of the most important piece of technology we can ask for. We should therefore strive to apply it as much as possible. Thank you.
