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What is blockchain? And how it is changing the world?

by Edvin Lisovskij, from Box2Table, on May 15
Blockchain is a universal transactional book that registers and tracks every operation carried out within it, it is distributed throughout the Internet in thousands,
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non-editable copies, through the peer-to-peer model and secured with advanced cryptographic methods. The closest comparison is to an accounting book — publicly available, global book that allows users to register and view transactions such as smart contracts, financial transactions or, for example, property deeds. However, information on participants is confidential, available only to the initiator of the transaction. Programmable and open nature of blockchain technology will completely restructure many businesses. Moreover, many supervisory and accounting elements are evolving. Trade processes and information exchange are becoming transparent, faster and much cheaper. Imagine our World with no costs incurred for maintaining the entire financial system. Public trust institutions — banks, stock exchanges and financial transaction agents also see great potential in the...

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