Most people only know about blockchain through the infamous ups & downs of the blockhain based "Bitcoin".
Many don't realize how important Blockchain & similar technology could be for the business & political landscape of tomorrow.
Did you know some governments have considered using blockchain for their voting systems? & they well should!
The reason for that is, that blockchain operates on a distributed ledger, meaning people all over,
with no direct connection, all keep the same record of events, so if someone tries to falsify a record,
a red flag goes up & you know the system has been compromised, making blockchain virtually fraud proof.
Why on earth would we continue to use expensive voting machines that can be hacked or preprogrammed,
when we have a fabulous, hack proof, affordable technology like Blockchain? you tell me, or ask your elected officials.
Voting isnt the only thing though! All sorts of excting innovations are happenning with Blockchan technology!
Indviduals & retailers are issuing blockchain tokens now instead of paper gift certificates or credit vouchers.
What's so important about that? If you have ever lost a gift certicate or a calling card, then you know.
Not only the consumer, but the business owner can rest easy knowing that nobody is forging their stores credit vouchers.
Another way to issue store credit would be on a prepaid credit card, but they cost money for the card & up to 3% transacton fees.
Why would any retailer ever use a prepaid gift card again, when they can get the same functionality from a blockchain token for a fraction of the cost?
Blockchain tokens can be used for event admissions. Some modern day ticket sellers are charging up to 50% service fee.
Now concert venues & promotors can issue tickets for any event in the form of blockchain tokens, for next to nothing.
Again & again blockchain technology is showing the ability to help people, small business & the overall economy.
Blockchain tokens also make great barter instruments in sealed retail ecosystems.
From flea markets to physical & online communities, downtown to the shopping mall, private clubs,
bars, festivals & of course arcades, Blockchain tokens are popping up everywhere!
Blockchain tokens can be a great way for non profit organizations to raise money! As a prize or giveaway promotion,
a blockchain token from a retail ecosystem can be highly sought after tool to get products or services that can't be bought with cash.
Some community based tokens like THCT are also fun to collect & trade with friends & businesses! Limited edition, rare tokens
from small ecosystems can provide a window into an economy or products that may not be available thru other methods of trade.
We have only scratched the surface of the many, many uses of the powerful technology we refer to as Blockchain.
The reader is encouraged to research about blockchan & distributed ledger technology.
learn more about the technology that is reshaping the world!