Our Daily Interactions

Today, trust is the basis of many of our every-day interactions and exchanges. We put money into a bank trusting that it is safer there. We give information to one another on the basis that they will not share it with someone else without prior permission. We also put a lot of trust into pieces of paper - money, land records, transaction information, etc. But these pieces of paper can be easily stolen, forged, or altered. Nowadays while we are moving towards the computerization of information, data can still be hacked and leaked easily. Blockchain is a series of records or data distributed through a network of computers so that no central computer or database holds the information, instead, every computer contains the data making it a fully transparent system. Why blockchain is so impressive is due to its unhackability. Each exchange, transaction, or record entered into a database is time-stamped and verified by a large group of trusted computers before it is put as a block into a chain of various other exchanges, transactions, or records. After it is entered, the information "block" cannot be altered or deleted because that means altering or deleting the chain on all the computers simultaneously which is almost impossible. aOGwA1Hs
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