Introduction

Please don't think that blockchains are difficult to understand, also, do not think they are just about cryptocurrencies like bitcoin because they are much more. As long as you have access to and knowledge of;

I) What is and how to use a computer

II) Basics of the Internet

III) Basics of navigating through either a web page or an app then, you are good to go

I know time is a huge wall in every human being. Thats why I'm trying to use some of mine to spread some useful information so that we can understand a technology that I belive is here to stay.

In my journey, I have experienced different obstacles when it comes to having a deep understanding of how blockchains work and how I can implement them in almost every business model. This fact is a constant reminder that building great things is both challenging and exciting if you have the will to overcome the ´´It's impossible to understand´´ threshold.

My purpose here is to give advice about how to navigate the blockchain world. I believe this technology is here to stay, I will try to break this down in the clearest and accurate way so that when the time comes we all have the resource to use it.

What is a Blockchain ?

First and foremost, blockchain was just a computer science term for how to structure and share data. It is important to bear in mind that this ´´revolutionary´´ technology has been used for years it is just that today it is incorporated in new ways...

And why is that you may ask ??

Well, let's start by talking through a concept called database (Organized Collection Of Data). A data base is an electronic system (This is why is essential to have a computer) that allows data to be easily accessed, manipulated, and updated so that an organization or a group of human beings can store and manage information.

Now that you know what a database means I can quote a term that describes accurately what is a blockchain:

''Distributed database that a group of individuals control, store, and share information''.

In other words, blockchains allow users to record transactions in a secure, transparent, and immutable way without necessarily relying in thirth parties enforcing rules. Unlike traditional databases where data is owned by a central authority, blockchain distributes data across its network of computers (More on that later) that work together to verify and aprove transactions of different types.

Structure of blockchains

Blockchains are made up of 3 key elements:

A) Blocks: This is where all the information will be stored and secured through different security protocols (More on that later). Blocks are digital ledgers containing a fixed amount of information

B) Nodes: You can think of nodes as the computers that keep the network running. Their task is to store blocks, create new blocks, and decide which entries can be part of the existing blocks and which aren't through a process called ´´consensus´´.

Blockchains have different ways of reaching consensus depending on the nature of their transactions. (It is not the same to simply store value as to transfer assets from one person to another, each scenario requires different security and speed protocols).

C) Chains: This process is key to understanding why blockchain has the potential to revolutionize different industries. Chains are mathematical functions dedicated to encoding information within blocks through a process called hashing (A one-way funtion that cannot be decrypted) which glues blocks together making it nearly impossible to alter or change information once is approved by the nodes and updated to the current block

Alex T.

Who runs the blockchain ?

Blockchains are not controlled by a particular entity/goverment. It exists wherever there are connectec computers running the software following specific protocols. This is why is such a big deal in present days.

The fact that a person have the ability to conduct business with someone else without having to worry about trustworthiness and security issues incentivize new ways of making agreements, transfer funds, provide commerce guarantees, validates information, but most importanlty it helps to avoid censorship.

Of course this new way of approaching digital information causes controversy among society because of its decentralized nature, this is why is extremely important to benefit from the blockchain's technology WITHOUT OVERLOOKING standard regulations and laws (More on that later).

It is a fact that this technology has the ability to HELP BUSINESSES AND INDIVIDUALS to make different processes more efficient and tamper-resistant.

Why would I use Blockchain ?

Unlock the potential of blockchain technology with our easy-to-understand services tailored for everyone. (COMMING SOON)

Supply Chain

Trace the origin of products and verify authenticity

Financial Services

1. Transparent and Immutable Financial records

2. Efficient and secure bookkeeping

3. Secure and transparent audit trails

4. Crossborder tranfer of funds

• Blockchains are useful when someone wants to enhance transparency, security, and efficiency in day to day activities that does not necessesarily require an individual to perform them but because of the importance and sensitivity of such activities, change is unthinkable and non-negotiable.

• Blockchains can create trust in digital data because once a transaction is validated and added to a block it is nearly impossible to change, alter or remove information.

• When data is permanent and reliable in a digital format, you can transact business online without worring about bad players wanting to corrupt, steal, or change your information.

Recycling and waste management

Blockchain can be used to incentivize recycling programs by providing a transparent system to track recycled materials and reward participants with tokens or credits.

Any Questions? Feel free to contact us.

We are here to help you understand blockchain technology better. Reach out with any questions or inquiries you may have.

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