25. Blockchain Technology Is A Must
Bitcoin, which was released in October of 2008, set out not to create a new economic system but rather a blockchain technology. Blockchain would make a business’s practices more transparent to prevent another financial meltdown. This technology works by time-stamping a digital transaction and sending that transaction to multiple computers for verification. It is designed so that those transactions cannot be reversed or monopolized.
Because many different computers verify them, there is no single entity in control. As such, blockchain presents a more democratic means of running programs and managing accounts. Today, the usefulness of blockchain is being explored far beyond the world of cryptocurrency. Banks, technology firms, and many other industries have adopted blockchain or are looking at how they can adopt it to improve their business.