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    A blockchain  originally block chain  is a distributed database that maintains a continuously-growing list of ordered records called blocks. Each block contains a timestamp and a link to a previous block. By design blockchains are inherently resistant to modification of the data once recorded, the data in a block cannot be altered retroactively. Blockchains are "an open, distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way. The ledger itself can also be programmed to trigger transactions automatically."

    Source: https://en.wikipedia.org/wiki/Blockchain_(database)

    Blockchain Technology

    A radical change in the course of the application of blockchain in different situations and areas that will radically change our way of doing transactions, whether of money, estates, real estate, intellectual property, patents, cars.
    Integration and sharing of systems, applications and equipment at various levels to provide optimal service and immediacy in the execution of transactions, safely and available 24 hours on 24, 365 days a year, what do you think?


    Connections

    But the most interesting thing is the development of digital currencies (cryptocurrency) that allows users and future users of this type of currency trading to have unimaginable benefits over traditional currencies in terms of security, speed and cost of the transaction.
    In 2008 thanks to a computerized anonymous called Satoshi Nakamoto, may be is the Australian entrepreneur Craig Wright, invented the first currency or digital currency called Bitcoin that still exists today and has become a real safe haven.
    Game then more than nine years ago has reached a value of over $ 1200 and Friday, February 5, 2017 closed at a rate of ca. $ 1.108,70.

    Watch these videos and share with me the potential of this change of technology! 

    How the blockchain is changing money and business | Don Tapscott 

    Bettina Warburg: How the blockchain will radically transform the economy

    The motivation to understand and support the blockchain are many but can be summarized in a number of important applications

Other applications are present on this page above is a preview:

DIGITAL IDENTITY

The Know Your Customer (KYC) verification process is typically associated with financial services subscriptions, such as opening a bank account or purchasing an insurance product. In particular, this type of verification allows service providers to:

  • Verify the true identity of the customer;
  • Define a risk profile;
  • Protect themselves in the event that the customer uses the services offered for criminal purposes.
The implementation of a blockchain ledger allows identity managers to certify the attributes that make up the identification profile of each user, on a decentralised register. This is particularly beneficial to service providers which, after receiving authorisation from customers to access their digital identity, are able to independently carry out due diligence activities.

Source: https://www.reply.com/en/blockchain

The subject is very vast for applications that deserves attention by sector of interest and income reference


You are welcome!

 Valerio Rossi, Global and IT Advisor

e-mail: info@vrfinanza.eu


Links:

https://www.blockchain.com/ 

https://blockchain.info/

 

 

 

 

 

 

 

 

 






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