Question

How is blockchain technology going to change the world?

Answer 1

26,178 views|Dec 22, 2017,8:52 am

What Is Blockchain And How Will It Change The World?

Daniel MarlinContributor

I write about how Millennials can thrive in a modern workplace.

According to a study of 4,800 professionals from around the world, 66% of people believe that innovation will be the biggest factor influencing economic growth over the next 30 years.

In order to thrive (or indeed, survive) in this continuously evolving economy, young professionals will need to understand the driving forces behind scientific and technological development, anticipate the new industries they will enable, and predict the extent to which they will change the jobs we take for granted today.



(Image courtesy of Shutterstock)

One of the most promising developments is the advent of blockchain technology. Here’s a brief look at what blockchain technology is, why it was developed, the characteristics that make it unique, and the way it could revolutionize the world in the years to come.

What is blockchain technology?

People rely on databases to store and transfer information to one another. But these databases are owned by companies that have access to the sensitive data you save on their systems (like bank details, financial transactions, and private messages).

Because people don’t trust these companies to keep their data secure or private, they’ve invented a platform that stores and transfers data in a new way, and lets you keep it safe. This technology is called blockchain, and people are excited by its potential applications.

Answer 2

Answer:

be able to streamline other industries

Explanation:

Blockchain will also be able to streamline other industries, such as healthcare. Blockchain technology could also revolutionize the way governments work, creating more efficient ways of distributing population information, government money, and voting rights.