Understanding the Blockchain: A beginner’s perspective

What is the blockchain?

Centralized vs Decentralized



Block + Chain

What are the advantages of Blockchain Technology?

What are the disadvantages of Blockchain technology?

What is the future of Blockchain technology?

  1. Cyber-security: The cyber-security industry is set to be impacted by the deployment of the security and immutability features of blockchain technology.
  2. Real assets tokenization: The finance industry will be disrupted by the blockchain’s fractionalization of asset values and reduction of minimum investments.
  3. Smart contracts: This will eliminate third parties, reduce costs, and change business methods.
  4. Identity management: Blockchain technology offers an impressive approach to the identity management of populations.
  5. Supply chain management: It could become easier to track the source, processing, and external inputs of commercial products like food.
  6. Trade and finance management: Commercial activities like international trade will be disrupted as many middlemen will be eliminated by this technology.




Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Adetunji Matthew

Adetunji Matthew

I’m Adetunji Matthew, an Economist, Social Media Manager, software Developer/Marketer Sales Consultant, and Ecompreneur. Join Us at: AidTheStudent.com