What will the blockchain change in our daily life by Yves Wespisser.

Surely you have heard of cryptocurrencies: Bitcoin, Ethereum, Dash, Monero … They are increasingly used, but few know that they cannot work without blockchain technology. But the latter is not only intended for these virtual currencies, it is also useful in our daily life. In addition, we explain later how the blockchain will change your life.

Blockchain explained by Yves Wespisser

The blockchain or blockchain is a huge digital ledger in which all the transactions made through this technology are listed. These are transparent and traceable so that each of the actors can consult them. But also, according to yves wespisser, they are decentralized because the data is not stored on a server, but on thousands of networks. Users validate their transactions without the intervention of intermediaries. Furthermore, they are anonymous, we cannot know the user’s name. Also note its non-falsifiable side, because all the information is encoded in the form of numbers. Each operation requires two keys: a public key and a private key. All of this makes the blockchain a revolutionary technology that can be used very well in different sectors besides cryptocurrencies.

The various uses of the blockchain

  • Comments online: Most people who want to buy a product and / or service read online reviews first. They choose based on what they see. However, these reviews cannot be said to be genuine. Thanks to the blockchain, no one can remove or edit comments online.
  • Online payments : The blockchain is particularly interesting in this area, this is especially the case with the use of cryptocurrencies. But it is also capable of protecting electronic payments since it does not rely on a centralized architecture unlike systems like Swift or PayPal.
  • The votes : The idea of ​​using virtual ballot boxes is debated due to the risk of fraud. However, with the blockchain, this is unlikely to happen. Furthermore, many people already use it during their e-voting. Now let’s vote differently.

    Credits: Pixabay

  • The cloud : If twenty years ago CDs, DVDs and USB keys were used to archive data, today we use the Cloud, servers hosted in centralized data centers. But you should know that blockchain can decentralize the Cloud.
  • Identity documents : Blockchain helps digitize administrative documents without the risk of hacking. These are identity cards, passports, marriage certificates, birth certificates … It also allows easy and affordable access to data on one and the same platform. Likewise, the blockchain facilitates the digitization of medical documents.
  • Simplified transactions : The blockchain advantageously serves international companies, because it facilitates transactions. Avoid going through different procedures and transfers of funds. This saves time, lowers costs and is faster, all in optimal safety. https://fr-fr.facebook.com/public/Yves-Wespisser is waiting to be discovered.

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