Blockchain has become the latest buzzword in the technology industry, but many people are still in the dark about just what exactly it means. Thanks to Raine Revere, we have a bit of a better grasp on what the blockchain entails as well as some of its implications.
As Revere so eloquently put it, “blockchain is a technology that allows for peer to peer transactions,” she explained on CTRL+T. With the blockchain, instead of relying on a company, a bank, the government or some other third-party to keep your data safe, you rely on cryptography behinds the scene to transact person-to-person.’
“So there’s less risk of your data being made insecure and there’s also reduced costs for the end user in a well-designed peer to peer system because you’re not paying thee middlemen to keep your data safe and handle all the coordination of transactions,” Revere said.
Later in the conversation, Revere discusses the need to ensure the blockchain industry is diverse. That’s partly what