What about this “Blockchain” thing…?

You have probably heard about Blockchain. It seems to be everywhere. All the media outlets are talking about it, the big companies are jumping into it and the governments are stepping in. Everyone is trying to put the target on Blockchain.

Why is that? Will it change our lives? We believe it will.

This is the new big thing. Partial and one-sided knowledge appears to be on the rise, but there is still a vague picture of why and how this technology could prove to be one of the greatest game-changing innovations in the coming years.

As much as the internet, Blockchain has the potential to disrupt all of our existing industries. And everyone is starting to notice. But, what is it?

Blockchain is a promising governance technology, that aims to resolve many of the inefficiencies of our current transactional system (mostly based on the internet). With it, current problems such as the lack of transparency along the supply chain of goods, services, and financial payments or the fact that we have no control over what happens with our private data can be improved.

In simple terms, the Blockchain technology is a record-keeping tool. It is based on the idea of the traditional accounting system where there is a centralized ledger recording the transactions. However, the Blockchain upgrades this system making it more honest and consistent.

Within the Blockchain, the ledger is decentralized because it is distributed among a network of…