To start with, lets break the myth that Blockchain is like a cryptocurrency, another form of Bitcoin! Blockchain is actually the unique technology that enables cryptocurrencies to exist. The big thing about this technology is that it’s a) decentralized and exists simultaneously on endless computers, making it ‘un-hackable’ and, b) open access, therefore completely ‘transparent’.
This infographic discusses how the two principal features of blockchain technology can change the way public institutions and industries function presently, be it in education, retail, health care, renewable energy, real estate etc. Enter the new age of openness.
Infographic by – Opinion Economy