Blockchains are a virtual ledger, one can use this technology for all sorts of things other than money.
Below are common issues that need the potential application of blockchain which will definitely change the world.
1. Decentralised Internet
Programmers are currently working on decentralised internet platforms to distribute all the functions of the internet over distributed nodes which will increase the resiliency of the world wide web.
2. Smart Contracts
Smart contracts can be built on top of a ledger and operate as decentralised applications. These programs can run functions which are becoming more sophisticated and may diminish the need for standard legal contracts. (more…)