Blockchain: A once in a decade technology pardigm shift
Understanding what a Blockchain is, is not easy: you need to have clear its message in order to appreciate its potential.
Beyond the technological aspect, a Blockchain brings with itself philosophical, cultural and ideological fundamentals that must be absolutely understood.
One thing is for sure: Blockchain is a revolution, it is a paradigm change that happens on average only every ten years.
Looking back we can see that each new paradigm has replaced the one of the previous period. It is therefore essential to know and fully understand the next emerging technology so as not to be subject to it. History teaches us that many companies have been overtaken by others because they have not been able to take advantage of the opportunities of these new paradigms.A Blockchain is not an app or a software to download and use in a smartphone or on a computer.
A Blockchain is an enabling technology that allows you to do something in a completely different way than previously. In the same way that today I connect to the web to book a room in a hotel on the other side of the world and to do so it is not necessary to use a fax or telex.
Once it has understood the concept of Blockchain, a company can no longer do other than starting to imagine what it can do to become more competitive with it.
What is a Blockchain?
Simply put… Decentralised trust
The Blockchain is a digital transaction registry with three key features:
immutable: tamper-proof (nothing is changed if published).
decentralised: without a central authority (without a bank or government).
distributed: without a central server but on many redundant servers.
The Blockchain allows a community of users to record transactions in a shared registry within that community, so that, during normal functioning, any transaction cannot be modified once it has been published.
There is great interest in the Blockchain topic , but very few people understand it. It’s not magic, and it can’t solve every problem. As with all new technologies, there is a tendency to want to apply them to every sector to try to make a more innovative project from the marketing point of view This chapter aims to reveal the secret of such magic and explain in detail how Blockchain technology works . Arthur C. Clarke used to say
“Any sufficiently advanced technology is undistinguished from the magic”
