Blockchain – The internet of Value

Around a million years ago, the early men discovered something so fascinating that it changed the course of human history forever. It was the discovery of fire. Humans were aware of the existence of fire for a long time, but finding a way to control it, is what made the difference. The discovery of fire led to the discovery of cooking. For the first time in history, humans were able to roast meat , which made it soft and easily chewable, this in turn resulted is shrinking of our jaw bones, which gave more space for the brain to grow and hence made us more intelligent! Although many of us are vegetarians nowadays, but if our distant ancestors had not eaten roasted meat, we might still be living on grasslands today!

After fire the next big discovery was perhaps the discovery of agriculture, which gave rise to villages and ultimately cities. Agriculture was perhaps one of the main reasons which led to the development of the writing system, as it was becoming difficult for humans to manage their stocks of grains.So using symbols to mark stocks of grains was perhaps the first form of writing that humans developed.

person writing on paper leaning on brown table

The next big discovery has to be the invention of numbers, which gave us the way to measure things, opening up whole new way for us to perceive the world.

assorted numbers photography

Many great inventions followed after that, and after the second world war, humanity saw an exponential rise in new discoveries. The beginning of 1990s saw the rise of the internet, which again changed the course of human history.

With so many new discoveries coming up in the last decade such as Big data, IOT, ML/AI, Social media, etc, the future looks pretty interesting. But out of all these discoveries, one really stands out and very few people in the world have so far understood it’s significance. It is the blockchain technology. Many of you might have heard about this technology because of Bitcoin. But Bitcoin is just one application of Blockchain Technology. Blockchain is basically giving rise to a whole new generation of Internet, “Internet 2.0″,which is also called as the ” internet of value”. Internet 1.0 was the ” Internet of information” where you could send and receive information. But there is always a chance of this information getting stolen or get tampered with. Blockchain resolves this issue, by using distributed ledger systems which safely stores the data using cryptography. This simple technique is so revolutionary, that people can do transactions amongst each other without the use of a third party such a bank because this distributed ledger system is temper proof, making it highly trustworthy! But the use of blockchain is not only limited to financial sector.It is being used extensively to develop applications in sectors such as media, transportion, law, governance,etc.

If you are planning to learn something new then blockchain technology would be my recommendation, because all other technology such as IOT and ML/AI will be working upon some sort of distributed ledger system in the near future.

But how to start learning about blockchain?

Well the best way would be to first read this book – ” Blockchain Revolution: How the Technology Behind Bitcoin and Other Cryptocurrencies is Changing the World“. Or you can also take a look at the modules in this website. Following them in a sequential manner will help you to understand the fundamental concepts.

60 comments

  1. Have never heard of the blockchain technology but sounds something exciting to read more about. I will look for those books you are suggesting.

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  2. Definitely worth looking at for people who don’t know anything about Blockchain technology and crypto. This is going to move at an even greater pace going forward,

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  3. I am just excited what the future will be.. I mean yes, cryptocurrency are a thing but I think many concepts are just evolving. Same or multi use in 1 for ex.

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  4. Advancements in mankind are certainly moving faster than ever before. Blockchain is definitely an example of this and is something I need to learn more about. This site looks like a great place to start.

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  5. This sounds like new technology to me as i’ve never heard of it! but it also sounds super interesting 🙂

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  6. So much inventions have shaped the earth to the point where it s now..and more is still ye to come. Anyway,I haven’t been so interested in block chain stuff…hope it get so exciting that I would have to look at it.

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  7. Thank you so much for recommending that book that we can read to learn more about bitcoins. That sounds really interesting especially nowadays more and more people are mentioning that online.

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  8. A lot of people are talking about block chain and a lot of people ask questions about it. your post totally makes it easier to understand

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  9. I have never heard of blockchain technology. Sounds very intresting, I think I need to pick up that book you were talking about.

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  10. Thanks for sharing this information, it was very informative. I have not really taken time to understand the crypto works but after this post I have the basic knowledge now.

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  11. There have been so many changes and innovative developments in technology. The internet has to be one the fasts growing platforms. There is a ton of interest in Blockchain Technology right now.

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  12. It’s so neat to see the changes throughout our history. So many inventions that brought about so many changes.

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  13. I’ve never heard of blockchain technology and that’s something completely new to me! Hope to have a chance to read that book soon! 🙂

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  14. I heard blockchain first from our toastmasters meeting 2 weeks back. I commend you for giving us more depth to it. The good news is, blockchain is actually easier to understand than that definition sounds.

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  15. I had never hear about it before this article. Thank you for the education and hopefully I will be bale to learn more about it as time goes on.

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  16. Since Blockchain is still brand new, I don7t trust it enough yet. I want it to be a little more secure than I will use it.

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  17. I admit you’ve spiked my interest in learning something new. It might take me several reads of the book to learn about blockchain technology but I’m up for the challenge.

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  18. Thank you for sharing the book recommendation. My son would love to read this book and his birthday is coming up next month.

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  19. It’s incredible how far we’ve come as a humans. I’m still avoiding crypto currency because of the newness. But I tend to be on the conservative side. Not a big fan of risks

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  20. I haven’t embraced the use of cryptocurrency yet, but I do find it fascinating. I wonder if it will eventually become the norm or how we pay for things or if it will continue to be embraced by only a certain few.

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