Let's Understand Blockchain

Anand Mahindra happens to be my boss, couple of years back he was in New-york
in a cab like Uber and he was reading a newspaper. In this newspaper he read this word called ‘BLOCKCHAIN’. What in treat them that however was that blockchain promise to do and to disrupt companies like uber the same way companies like uber were disrupting his company and so like many things he doesn’t understand he passed on to me to figure out. I
Obviously had never heard of the word ‘BLOCKCHAIN’ before.

As I scramble to figure out that What it means?, What is it some kind of technology?, How is it spelt? So I went a some conference named ‘consensus’ happens in New-york every year. It is the world’s largest blockchain gathering, after 2 days there I was completely blown away and I realised few things,

  1. Blockchain was early like the internet in the 1990s but it could be aspect.
  2. It wasn’t a huge case of internet like e-commerce, social networking , email etc. which are huge cases of internet. But it was something as fundamental and parallel to the internet.
  3. It sounded very simple but was very complex to understand.
  4. It had a potential to change our life in the next 20 years the same ways that the internet has changed in the last 20 years.
  5. It was very important that blockchain was not spelt ‘BITCOIN’.

Now , the important question is that what is blockchain?

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