With the launch of Bitcoin in 2009, blockchain technology was applied for the first time in the real world. Since then, entrepreneurs from all walks of life have begun to explore the potential of the technology.

Blockchain is a distributed point -to -point category account system without centralized management entities such as banks. The system is essentially a series of data blocks that link them together in transaction classification accounts. Its open source and irreplaceable configuration paved the road with unparalleled transparency. Each record is distributed to millions of computers around the world and verified its accuracy.

Blockchain technology may promote major changes and create new opportunities for cross -industry. In this article, we will discuss the future of blockchain technology.

How does blockchain work?

Blockchain is a decentralized database -an electronic distributed ledger or record list for different users to access. Blockchain uses cryptography to record, process and verify each transaction to make it safe, permanent and transparent.

There are two categories of blockchain:

No need to license, anyone can join

License type requires participants to verify their individuals or groups (this category is further divided into private and community blockchain networks)

The value of the blockchain

This revolution that leads to the third generation of the Internet is promoted by a technology -blockchain. Blockchain is the core of this distributed, data priority, and authoritative Internet. Why does blockchain technology become the core of this revolution? Several characteristics of the blockchain can achieve this change:

Blockchain is distributed ownership. The data in the blockchain does not have a single source of ownership. Anyone can contribute to the blockchain, and anyone can read information from it. Anyone can participate in the distribution of blockchain.

The data stored in the blockchain is inseparable, irrevocable and encrypted signatures, so it can be proved to be true and authoritative (or it can prove that it is unreal and non -authoritative). Everyone knows the owners and sources of all data, and all data can determine their sources and authenticity. This increases trust in data reliability.

No company can manage, adjust, prioritize or filter data in the blockchain. Because there is no single data owner, no one can manipulate the user's way of using data. This means that there is no data power agent, such as social media companies, can control and manage information that shared shared.

In short, the blockchain can encourage the trust of data and its source by making all transactions transparent and data verification.

The blockchain is like the Internet's IP transmission infrastructure -the Internet's communication trunk does not have a single owner. AT & T, Verizon, Deutsche Telekom and NTT Communications have contributed to the backbone network. But no owner can completely isolate, filter or prevent Internet traffic. Even if China and Russia, such as China and Russia, want to stop their citizens from visiting some of the Internet, have found that this work is a continuous struggle. Only a new, unique provider to create a new communication path, all filtration is worthless.

The blockchain will complete the work to complete the information of the Internet data to complete the Internet data. It will create a trustworthy, irregular, irregular data and information repository, which can be accessed globally. It is this characteristic that it will promote the birth of the third -generation Internet.

This is why blockchain is the future of the Internet.

Who is already using the blockchain

Bitcoin is the most famous example of blockchain technology, but more and more early adopters have also joined it. For example, Google, Goldman Sachs, Visa, and Deloitte are all investing in blockchain projects. Enterprises engaged in blockchain services include:

Spotify, management copyright

IBM, build tracking tools for shipping companies and retail chain stores

Eastman Kodak, create storage for inventory photos

What does the future of blockchain look like

If we told us in the past, that is, once the blockchain becomes an indispensable part of daily life, we will no longer talk about them. This is what happened by the basic technical foundation of killer applications.

As soon as Microsoft Office was launched, everyone talked for a while Windows. Your PC must be compatible with Windows. You must buy a copy of Windows. You must make sure your Windows version has been updated to run the latest version of Office.

Then, once Windows reaches the critical quality, people do not need to talk too much. Office users may think that Windows is taken for granted. Windows is still indispensable, but the user's attention has been transferred to applications running on Windows, not technology.

This is the future of blockchain. For a while, the blockchain will be at the forefront. We look for developers who can create blockchain applications. We look for services that can integrate blockchain applications with non -blockchain data or services that run on unsatisfactory blockchain. We focus on scalability and security.

When the revolution is coming, it will be because blockchain technology is the basis of maturity and stability of applications and services we want. We will focus on these, and we will stop talking too much about blockchain.

When we no longer talk about it, we will know that blockchain technology has been successful.

Applications Of Blockchain By Field

In the field of financial:

Blockchain technology provides unparalleled efficiency in tracking financial assets. It provides a transparent classification account system that makes tracking and processing cash inflow and outflow easier.

In terms of cloud storage:

With the successful implementation of blockchain technology, cloud storage can more securely resist the attack of hackers. It reduces unauthorized data tampering, while encrypting the data with cryptography.

In terms of network security:

As mentioned earlier, blockchain uses the principle of classification ledger technology and decentralization to make it very suitable for strengthening network security. It helps protect private message transmission by forming an integrated API framework, and finally realizes the proficiency of cross -message communication.

In digital ads:

Digital ads face many challenges from time to time, including robotic traffic, opaque, domain name fraud and insufficient payment models. However, with blockchain technology, we can solve these problems, and all transactions can now be seamlessly dealt with.

Professional road block in the blockchain

The chain is in the budding stage and has a lot of room for development in the future; because many people have not found this trend, they can find that the field of work opportunities in this field is less. If you want to accept it when blockchain technology shows extraordinary potential, please check the career opportunities you can consider:

Blockchain developer

Blockchain project manager

Blockchain user experience designer

Blockchain Quality Engineer

Blockchain Legal Consultant

Blockchain solution architect

Other alternative career choices: accountants, public relations, cryptocurrency brokers, analysts and cryptocurrency marketers. Now it may be the best time to learn more about blockchain technology and learn as many as possible before the competition upgrade.

What are the uses of blockchain technology

We see that the research of blockchain technology takes over many public services. Because the blockchain is safe, decentralized and easy to use, it can be far -reaching in public management. So far, we have seen some countries/regions adopt blockchain technology in certain services. Top ten uses:

Payment processing and remittance

Monitoring supply chain

Retail loyalty reward plan

Digital ID

Copyright and Edition Tax Protection

Digital voting

Real estate, land and automobile property transfer transfer

Tax supervision and compliance

Medical Record Save

Introduction or Heritage

About 5 predictions of blockchain technology in the future.

1. Government data distribution

The government may start implementing a distributed ledger technology (DLT) system to replace traditional paper systems.

The migration of digital data systems has continued for a while, but DLT has greater advantages. It can provide higher trust, transparency and security through encryption and verification functions.

2. Improve the transparency between the industry

In the near future, there may be a blockchain shared between various industries. It has a single system instead of providing different systems for different companies and industries, which can make the public easier and easier to access it, and provide greater transparency and the inherent security of blockchain.

3. Cryptocurrency issued by the institution

For a variety of reasons, the government may eventually shift from legal currency to cryptocurrencies. Cryptocurrencies are more traceable, reducing the settlement time and overall efficiency.

Like the legal currency, cryptocurrencies can also be supported by physical assets, and their prices can be manipulated by various controls. This is no different from printing more currencies to reduce the value of dollars. For example, Zimbabwe has begun to use Bitcoin to hedge the currency of the country, and they are planning to create their own national digital currencies.

4. Blockchain and identity

The identity system is currently defective in many aspects. They are porous, running in isolation and prone to errors. The blockchain system can solve these problems and provide a single source to verify identity and assets. Blockchain identity can also provide a "self -sovereign" that did not exist before.

According to statistics, nearly 1.5 billion people in developing countries have insufficient identity proof. An international blockchain identification platform will provide the ability to access legal documents for individuals who are deprived of rights and the privileges that follow.

By storing the identification information in the open source encryption classification, this information will be safer than some suspicious third world agencies.

5. The world economy of the blockchain

At present, international trade is a process of low efficiency and functional disorders. It will slow down business activities and hinder the trade between the country. International trade is also full of fraud, counterfeit, and dirty politics and mistakes.

Many of these issues will be alleviated by incorporating cryptocurrencies into equivalent. Through a unified payment method, document work and supervision of a single digital international system, most fraud and inefficiency can be eliminated. This will give positions to a new era, increase international business and promote greater trust among the country.

With the continuous maturity and progress of blockchain technology, we not only see more improvements in cryptocurrencies, but also see more improvements in various business applications such as smart contracts, automatic tracking and policy enforcement. The impact of blockchain on business and society may be greater than most people aware.

The above content introduces the current development of blockchain technology and the future development trend of blockchain technology. Over time, there will be significant growth in the field of blockchain; whether you are a technical enthusiast or not, blockchain technology can provide new exciting jobs and investment opportunities, all of which are worth exploring Essence.