Understand Blockchain with Simple Explanation

Great video on explaining what the blockchain is, how it works. The blockchain has so many potential applications it’s ridiculous in the pure immensity to solve complex problems we face in society. Granted the majority of it is being applied in business sectors, but as the technology evolves, we will see more and more people take advantage of implementing it into awesome ideas. If you want a more in-depth guide to the blockchain, check out my beginner’s guide.

Watch the video below and be blown away at the elegant and simplistic way in which the blockchain can be explained.


 Blockchain solves complex problems


Everything from KFC to Kodak, there are going to be problems that can be solved by blockchain technology:

Financial institutions are watching and dipping in their toes. Ripple, a blockchain-based cryptocurrency backed by some major international banks and financial institutions, partnered in November with American Express and Santander on a blockchain pilot to expedite cross-border payments between the U.K. and the U.S. This week, Ripple announced a trial with U.S. money transfer giant MoneyGram to test international cryptocurrency payments.Via brandchannel.com

And of course, Kodak is getting their two cents in on the blockchain. But with Kodak, I’m very happy to see them doing this for their creative community. I think this is the perfect example of using blockchain technology to solve real problems.

Sharing cool blockchain videos with good people like you is just plain fun for me!

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via: Institute for the Future (IFTF)


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