How the Blockchain Revolution Will Decentralize Power and End Corruption by Brian Behlendorf

in #blockchain7 years ago

http://bigthink.com/videos/brian-behlendorf-how-the-blockchain-revolution-will-end-corruption?utm_source=Daily+Newsletter&utm_campaign=ea638f4fa9-EMAIL_CAMPAIGN_2017_12_19&utm_medium=email&utm_term=0_45b26faecc-ea638f4fa9-43621497

"Blockchain is an open ledger system where transactions are irreversibly recorded and immediately shared to a distributed network of witnesses (companies, agencies, individuals). The beauty of this idea is in its decentralization—if no one person or institution holds power, then that power cannot be abused. The potential for this technology is enormous: it could significantly lower corruption and eliminate fraud in many industries like banking, freight, construction, and even trace the provenance of goods like diamonds. "Blockchain technology allows us to build these same kind of systems but in a world where we don’t want to or we can’t trust central actors," says Zehlendorf.

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yes it will be the future! and we are all onboard!

Although many opportunities for the blockchain require a digital currency, Bitcoin is only one application of this great innovation in computer science. The blockchain can hold any legal document, from deeds and marriage licenses to educational degrees and birth certificates. Call it the World Wide Ledger. It enables smart contracts, decentralized autonomous organizations, decentralized government services, and transactions among things.

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the great blockchain system...hope so we will get something exceptional.and it's revulation is very important...

@resteemed

Très bon article mon ami @elewarne

I hope it, without banks

Adopt the blockchain technology or fail at becoming or maintaining business as an industry leader.

I Agree that the Blockchain will help to fight corruption and make everything clear!! imagine all municipalities having to use smart contracts to source the constructions publicly and easily accessible!

excellent topic sharing,great blog share,good job
thanks for the post sharing @elewarne

blockchain is a thing of great intetest to me.thank for shating

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excellent topic & very valuable post.
@elewarne
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Blockchain Revolution is future Will be important.
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good post,i like this blog
thanks for posting

Such a real agree story telling @elewarne.

@elewarne, I agree with his points. Blockchain system is a open ledger system and work through network system. So for future providing need to revolution I think.

Simply but powerful you gave me an idea about this true awesome technology. Nice sharing & useful content you shared.

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excellent topic & very valuable post.
@elewarne

blockchain revolution and the future..you have presented facts in a very simple way about a very logical topic..even beginners like us can understand by reading your post that what is happening now and what will happen in the future..thnaks alot sir..this is really helpful to us

Hello @elewarne,

Extraordinary good article about Block Chain Revolution & a very informative post.

~@mywhale

very good post..
love blockchain

good time for the people like us who are already a part of block chain

nice words for blockchain, thanks for sharing this one....

the transparency this provides is not found everywhere this will be a revolution

The power will be decentralised how cool is gonna get :)

a great article to read thanks for sharing this very interesting :)

Block chain is a evolution right now this will grow further big and took the power from the powerful people

the concept of the block chain is revolutionary and its great to know how this can change our world

The Future is going to be for those who know how to use skills :)

central actors keep faking it we need decentralized hero :)

Great job blockchain system.

the world is changing its time for us to change too

block chain is the next big thing

Blockchain is a great system of crypto currency technology.

Although many opportunities for the blockchain require a digital currency, Bitcoin is only one application of this great innovation in computer science. The blockchain can hold any legal document, from deeds and marriage licenses to educational degrees and birth certificates.