8 years ago

Importance of Blockchain - VEN review

The blockchain is a growing list of records. It is the finest invention of our time. Primarily it is popularized by Bitcoin. Due to huge price of Bitcoin, Blockchain technology got huge media attention. Every people from every corner of the globe are now interested in Blockchain.

A blockchain is a continuously growing list of records, called blocks, which are linked and secured using cryptography. Each block typically contains a hash pointer as a link to a previous block, a timestamp and transaction data. By design, blockchains are inherently resistant to modification of the data - Source

Basically, blockchain is not only for Bitcoin or digital currencies. It can be used every sectors of our daily life. Recently, Chinese Internet giant jd.com now joins blockchain. I personally like the idea of vechain (VEN). We desperately need a project like this urgently. Consumer pay money to get the what he paid for. Unfortunately, the world is not working like that.

Fake products are dominating the market. You are paying high fees and getting lowest quality products if you are unlucky. In this case blockchain can play a role. Through blockchain we can check the authenticity of the product quality.

What do you think of the future of Blockchain technology?

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