Blockchain Just Might Be The Future
If you spend time on the internet or even if you just spend a couple of hours scrolling through Facebook every day, there’s no way you haven’t read a little about crypto currency and how it’s changing the world. Crypto currency is one of the most sought after things out there today and for very good reason too; not too long ago, you could grab a bit coin for a couple of bucks each and now you can get one for $16,000 or more.
These things make a great investment and they can be used in transactions in a way that no other currency can; however, even if the trend of crypto doesn’t last forever, they’re still going to leave us with another gift that most of us aren’t considering at the moment – block chain. Block chain is a technology that was designed and intended to support and keep track of crypto currency in the most transparent and incorruptible way possible but thanks to its nature as such, it may even change the world.
Usually there’s a controlling body behind every kind of traditional currency and any other item of trade but when it comes to block chain, all such centralised control is lost. Block chain and all the data it stores exists on an interlinked network of computers owned by its users and is even updated by them collectively. This is how crypto currency remains untouchable.
The good news is that even if crypto currency faces its downfall, block chain can still benefit us greatly in the way we manage our businesses and resources of all kind. Companies like Yotta Laboratories are doing their best to bring this near unbreakable way of accounting to the world outside of crypto currencies.