BLOCKCHAIN - A BRIEF INTRODUCTION www.bbod.io

This article is a brief introduction to the world of Blockchain. You might have read Blockchain related articles or come across discussions on how Blockchain is going to change the world. Centralised institutions are either defensive or accepting of this disruption by defining their own terms.

So, what is all the fuss about? Let’s understand blockchain in its raw form. smiley smiley

Blockchain is a distributed database system. This means instead of storing files on a single computer, information is stored across millions of computers all over the globe..

FACEBOOK AS A CENTRALIZED ENTITY
When we log in to Facebook, all the content that we and our friends share on Facebook are stored in Facebook’s central server. Facebook technically owns all that data (even though they claim that they don’t own our data); they use that data to directly target ads towards us.



READ MORE ON; https://www.bbod.io/blog/

https://www.bbod.io/bbod-blog/2018/7/6/blockchain-a-brief-introduction


This is a brief article written by a friend, it explains what Blockchain technology is about,.. It's quite simple, we need to all have an idea what's going on ��

we need to enlighten ourselves on whats going on in the technology space

Most of us must have used the term ‘Smart Contracts’ in a blockchain discussion with colleagues or friends without completely realising the impact Smart Contracts can have on the entirety of the socio economic framework our society thrives on.

We have mentioned multiple times in this blog that Blockchain as a technology is revolutionary.

https://www.bbod.io/bbod-blog/2018/8/18/smart-contracts