Blockchain paves the way for a revolutionary technological breakthrough which fuels social and economic developments far beyond the digital world.
The promise of the Blockchain? To record, share, store, and supply data in a reliable, inviolable, and transparent way without relying on a trusted third party (auditor or regulator), therefore eliminating centralized authority.
Data sharing no longer depends on a central server but on a peer-to-peer relationship, decentralized, which ensures the immutability and the traceability of all operations. Transactions are authentified, validated, and registered by computer servers – called “miners” – who are involved in the Blockchain network. Each approved transaction is chronologically added as block in the chain of transactions, and each new block includes the digital signature of the previous block. Thus ensuring the inviolability of all data registered in the chain. Blockchain, being open-source, can be audited by anyone. Blockchain, which operates as a decentralized verification system, acts as a protocol generating trust.
Therefore, the distributed, autonomous, and transparent architecture of the Blockchain disrupts the notion of trust, and contributes to improving societal organization. This is the guarantee of a fundamental transformation of our civilization.