Blockchain is one of the most exciting developments since the Internet. It is a completely revolutionary way to secure online data and one that will change things forever. It has turned the way we think about Internet security completely on its head. It not only changes the way we look at online security, but it turns some heads doing it.
It is what made Bitcoin such a success and what is being hailed by giants such as Samsung and IBM as the way to make an Internet of Things a reality.
Imagine a world where cars can be controlled by remote access, where they can actually communicate with one another online to avoid collisions and congestion. Where cars are able to interpret their environments to enable them to drive at optimal speed with optimal safety. Where all electronic devices have their own online profiles and can be activated remotely. Not home in time to record your favorite program? Get online at the office and hit the record button there.
For the first time ever, companies have a way of maintaining a complete support system for online devices and appliances without having to break the bank. Blockchain enables companies to do this by drawing on the computing power of millions of registered users without having to rely on vast computer farms. The user earns rewards and the company is able to roll out support to millions of devices.
And, as if that wasn't enough, the very way that the database is structured makes everything more secure. No one person can hack the information because it is spread out over so many computers.