{"id":142,"date":"2019-01-17T06:48:34","date_gmt":"2019-01-17T06:48:34","guid":{"rendered":"http:\/\/emarkets.com.server.digiteck.in\/wrdpress\/?p=142"},"modified":"2019-03-19T07:05:14","modified_gmt":"2019-03-19T07:05:14","slug":"is-blockchain-technology-a-replica-of-life","status":"publish","type":"post","link":"https:\/\/www.speakin.co\/edit\/is-blockchain-technology-a-replica-of-life\/","title":{"rendered":"Is Blockchain Technology a Replica of Life?"},"content":{"rendered":"

<\/span><\/p>\r\n

As I was in dire need to re-skill myself, I explored all of the latest technologies \u2013 Artificial Intelligence, Virtual Reality, Machine Learning, Blockchain, etc. And surprisingly I found myself attached to\u00a0Blockchain<\/strong>, no not because of its potential to monetize but\u00a0due to<\/em>\u00a0the similar nature, it has with Life<\/em>.<\/span><\/p>\r\n

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HOW CAN A TECHNOLOGY SHARE ITS FEATURES WITH LIFE?<\/span><\/p>\r\n<\/blockquote>\r\n

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Seems strange, but for me, it isn\u2019t.<\/span><\/p>\r\n

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WHAT IS BLOCKCHAIN TECHNOLOGY?<\/span><\/h1>\r\n

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Have you ever driven on a road?<\/em>\u00a0Yes, there are rules, traffic police, barricades, traffic symbol dictating a set of rules one must follow but when you start your engine and progress slowly towards the road, you have an unconscious trust shared with your fellow drivers. The belief that dictates they wouldn\u2019t hit you, the\u00a0faith<\/em>\u00a0that\u00a0everyone would follow the rules<\/strong>. The trust that assures you that you could reach home safely.<\/span><\/p>\r\n

\r\n\r\n<\/span><\/p>\r\n

That\u2019s precisely what a\u00a0Blockchain technology<\/strong>\u00a0is:<\/span><\/p>\r\n

\r\n\r\n<\/span><\/p>\r\n

a distributed, decentralized network working with a consensus protocol, where every participant[node] knows he has to follow the rules to stay in the system, to protect the network to help it grow, to make it safe for yourself and others.<\/strong><\/em><\/span><\/p>\r\n

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BLOCKCHAIN SYNONYM TO LIFE?<\/span><\/h1>\r\n

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BLOCKCHAIN FEATURE #1<\/span><\/h2>\r\n

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It derives its signature from the previous block.<\/span><\/h3>\r\n

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Don\u2019t you have a relationship with your past?<\/em>\u00a0If you work hard as a child, you may be in one of the top institutes across the globe. In fact,\u00a0every action you take in the present has a response in future.<\/strong><\/span><\/p>\r\n

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BLOCKCHAIN FEATURE #2<\/span><\/h2>\r\n

\r\n\r\n<\/span><\/p>\r\n

No deletion possible on a Blockchain Network<\/span><\/h3>\r\n

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Could you delete any of your experiences? The mistakes, the guilt\u00a0 the errors you wish to vanish from your life.<\/em>\u00a0But all in vain, no experience could ever be deleted from your life. Similarly, once a bloc has been validated it cannot be deleted from the network, it stays for eternity.<\/span><\/p>\r\n

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BLOCKCHAIN FEATURE #3<\/span><\/h2>\r\n

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One could download\/replicate a block \u2018n\u2019 number of times.<\/span><\/h3>\r\n

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Don\u2019t we look for people with similar interests in our network?<\/em>\u00a0Just like according to attraction law in physics, opposites attract and in chemistry of relationship, like dissolves like. Similarly, on a blockchain network each block could be downloaded\/duplicated \u2018n\u2019 number of times.<\/span><\/p>\r\n

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BLOCKCHAIN FEATURE #4<\/span><\/h2>\r\n

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Blockchain is a decentralized system governed by none but works best in a<\/span>
network\/boundary defined by itself.<\/span><\/h3>\r\n

\r\n\r\n<\/span><\/p>\r\n

We all have our comfort zone, our group of family and friends, our own protocol [family, society values], we have created our own principles, limitations, fears, aspirations that may or may not be matched by others in our group.<\/span><\/p>\r\n

\r\n\r\n<\/span><\/p>\r\n

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WE ARE A SOCIAL ANIMAL, WHERE WE NEED PEOPLE TO COLLABORATE, SHARE AND GROW.<\/span><\/p>\r\n<\/blockquote>\r\n

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And Blockchain technology works on a similar principle of being governed by a community of like-minded people, who share a common goal, common social values and collaborate to keep the network\/society safe, workable and well-nourished.<\/span><\/p>\r\n

 <\/p>\r\n

 <\/p>\r\n

 <\/p>\r\n

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DISCLAIMER:<\/strong><\/span><\/h5>\r\n

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THE VIEWS AND OPINIONS EXPRESSED IN THIS ARTICLE ARE THOSE OF THE AUTHOR AND DO NOT REFLECT THE VIEWS OF SPEAKIN, ITS MANAGEMENT OR AFFILIATES. SPEAKIN MAKES NO REPRESENTATION AS TO ACCURACY, COMPLETENESS, CORRECTNESS, SUITABILITY OR VALIDITY OF ANY INFORMATION ON THIS ARTICLE AND WILL NOT BE LIABLE FOR ANY ERRORS, OMISSIONS OR DELAYS IN THIS INFORMATION OR DAMAGES ARISING FROM ITS DISPLAY OR USE.<\/strong><\/span><\/h6>\r\n

\r\n\r\n<\/span><\/p>","protected":false},"excerpt":{"rendered":"

As I was in dire need to re-skill myself, I explored all of the latest<\/p>\n","protected":false},"author":56,"featured_media":655,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"image","meta":[],"categories":[58,59,78,84,11,12,100,112,143,24,176],"tags":[352,353,355,356,433,447,540,682,849],"_links":{"self":[{"href":"https:\/\/www.speakin.co\/edit\/wp-json\/wp\/v2\/posts\/142"}],"collection":[{"href":"https:\/\/www.speakin.co\/edit\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.speakin.co\/edit\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.speakin.co\/edit\/wp-json\/wp\/v2\/users\/56"}],"replies":[{"embeddable":true,"href":"https:\/\/www.speakin.co\/edit\/wp-json\/wp\/v2\/comments?post=142"}],"version-history":[{"count":0,"href":"https:\/\/www.speakin.co\/edit\/wp-json\/wp\/v2\/posts\/142\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.speakin.co\/edit\/wp-json\/wp\/v2\/media\/655"}],"wp:attachment":[{"href":"https:\/\/www.speakin.co\/edit\/wp-json\/wp\/v2\/media?parent=142"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.speakin.co\/edit\/wp-json\/wp\/v2\/categories?post=142"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.speakin.co\/edit\/wp-json\/wp\/v2\/tags?post=142"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}