Why Blockchain is so intriguing

Hi there,

I have always been fascinated by new technological innovations. Especially because I have always been on the hunt for technologies that have immense potential for both businesses and end-users.

The Blockchain Technology is one of those innovations. Since the word “Blockchain” started popping up everywhere around me, I started digging deep into the topic, because I wanted to know every aspect of it.

The Blockchain technology is especially fascinating because it has evolved immensely since its Whitepaper has been published in 2008. Back in 2008, one of the main problems the blockchain addressed, was removing the need for a trusted authority or central server when transferring digital currency. In fact, Bitcoin, the crypto asset most of us have heard by now, became the first digital currency to solve the double spending problem. This problem has always been a flaw in digital cash in which the same token can be used twice — without using a centralized system.

As I mentioned before, Blockchain has evolved rapidly since the publication of its Whitepaper. Blockchain has become something far greater than initially anticipated. It was originally intended for the use of bitcoin and especially to solve the double spending problem. However, today its uses are nearly limitless. In short, the blockchain is a decentralized, incorruptible digital ledger of economic transactions, that can be programmed to record anything we find valuable. The ingeniousness of the blockchain is the security and its decentralized nature.

There is an infinite number of uses for blockchain technology, and ICOs are taking advantage of this, by offering a variety of services on the blockchain. It is looking something akin to the beginning of the 2000, where companies were jumping on to utilizing the benefits of the web.

Now we are again in an exciting stage of change. We are in the early adoption period of companies looking to be first to market by utilizing blockchain technology to offer a unique business service.

Most certainly, not all of these services will turn out to be profitable and not all companies will be successful, but it’s easy to see the business value for data to be completely secure, and utilising a decentralized network.

In the following weeks, I want to share my passion about the crypto industry with you. Stay tuned to learn about different areas of the industry, including how to spot a good Blockchain Venture Company, understanding the substantial use of Blockchain, as well as why Blockchain is so important for large companies.

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I will keep you posted on exciting angles of the Blockchain Industry. In the meantime, feel free to contact me on Telegram to chat with me and my Co-Founders.