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      "body": "<html>\n<p><strong>The technology behind Bitcoin and all the other Altcoins is the Blockchain.</strong><br>\n</p>\n<p><strong>But these cryptocurrencies are just one of the many ways we can use the Blockchain.</strong><br>\n</p>\n<p><strong>Simply said, we will use the Blockchain to replace the factor TRUST in everyday life.</strong></p>\n<p><br></p>\n<p><br></p>![blockchain.1.jpg](https://steemitimages.com/DQmTPx17vywR6gD7F9L3n1gwGdtEfcehqDGSEZJ8TLWuz43/blockchain.1.jpg)\n<p><strong>Now we give a third party our trust, that a transaction will be executed in a honest way like sending money from A to B, or that we will be paid once we deliver ordered goods to another party.</strong></p>\n<p><br></p>\n<p><strong>Explaining how the blockchain works in a way everyone will get it, is quite a challenge, but I'll give it a try….It is called BlockChain because every transaction or mutation is a block which is encrypted and placed in a chain.</strong></p>\n<p><strong>&nbsp;So to make changes a hacker would have to change the whole chain or hack all the computers at once because the information is on a &nbsp;decentralised ledger.</strong></p>\n<p><strong>The BlockChain was introduced in January 2009 together with Bitcoin by a person or group called Satoshi Nakamoto whose real identity is still unknown.</strong><br>\n</p>\n<p><strong>The BlockChain solves the problem of Double Spending.&nbsp;</strong></p>\n<p><strong>If I send a picture or a word file to someone else, I still have the original on my computer: this is called Double Spending.</strong></p>\n<p><strong>But by using the BlockChain I can really send a file to someone else and the original is no more in my possession and this mutation is forever locked into the blockchain.</strong></p>\n<p><strong>So every (financial) transaction can be put on a blockchain and the middlemen will no more be needed.&nbsp;</strong></p>\n<p><strong>It is also called a peer-to-peer electronic (cash) system by Satoshi Nakamoto in his white paper.</strong><br>\n</p>\n<p><strong>The BlockChain is the most important ( IT ) invention the world has seen since the internet itself.</strong></p>\n<p><strong>Some call it as important as the invention of print or agriculture.</strong></p>\n<p><strong>We can hardly imagine that, but what did most of us know about internet, or had any idea how it would affect our lives in 1994 ?</strong></p>\n<p><strong>This is the stage we are in now with the blockchain, and almost every day I see another application popping up. I will sum up some of them here.</strong><br>\n</p>\n<p><strong>The most simple example is sending money without cost or at very low cost. Now middlemen like Western Union, banks and other money exchanges charge a high fee. One of the reasons many people are forced to do do is because 2 billion people are still unbanked meaning that they have no bank account. &nbsp;But what most people do have is a smartphone and internet access so they can receive crypto money. &nbsp;</strong><br>\n</p>\n<p><strong>ECommerce on the blockchain: now a purchase can be regulated from A to Z without encountering human errors.</strong><br>\n</p>\n<p><strong>Ownership of land and real estate: Once your land or real estate is in the blockchain no one can confiscate your property</strong><br>\n</p>\n<p><strong>Digital Identity: avoid that your identity is used by others</strong><br>\n</p>\n<p><strong>Blood Diamonds: by labeling diamonds you will know that it is not a blood diamond</strong><br>\n</p>\n<p><strong>Digital Voting: avoid that an election is being manipulated<br>\n</strong></p>\n<p><strong>Medical files: Keep your medical history and file on the blockchain without the possibility that unauthorised people can look into your medica data</strong><br>\n</p>\n<p><strong>Music and other content: let users pay you directly for your intellectual property without a publisher or other third party</strong><br>\n</p>\n<p><br></p>\n<p><strong>These examples are just a few applications for the blockchain and I will go into them in my next posts.</strong><br>\n</p>\n<p><br></p>\n<p><strong>I hope you have a better idea now how important this technological invention will be for mankind.</strong><br>\n</p>\n<p><strong>Danny</strong><br>\n<br>\n</p>\n<p><br></p>\n</html>",
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