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ON THE WAVE OF HYIP, OR WHY BLOCKCHAIN USEFUL FOR LIFE AND WORK

Perhaps everyone has heard the buzzword “blockchain”.
However, not everyone can clearly describe what kind of technology this is
and why they put their hopes on her. Where to invest, what to buy?
And in General, how will blockchain affect everyone’s business and life?
Alexey Studnev, MBS business coach, expert practitioner in the field of Internet advertising, partner marketing and blockchain technologies, took part in the preparation of the article.

BEHIND SEVEN SEALS Blockchain is a huge database that is stored on multiple computers at once. New blocks are constantly appearing in it, and each of them contains ordered records that have accumulated recently.

The blockchain can be compared to a card file or diary, where various types of information are consistently entered. To prevent anyone from making changes to this file, all data is carefully encrypted. For reliability, such a diary has copies that are stored by several people.

YOU “PRO” MAY NOT BE…

The blockchain platform is created for General use where there is no centralized supervision of the process. In addition, many life tasks are solved with the help of technology:

Purchase and sale transactions without a notary
Work of an organization without a Director
Registration of marriage
Accounting for traffic violations
Financial operation
The technical side of the blockchain is fully accessible to everyone.
Everyone is able to build a blockchain-network or to create their own cryptocurrency, make it possible for the programmer or system administrator without special knowledge.

There are several platforms for blockchain, and they are rapidly developing. They differ significantly in only two properties.
In the first case, it is important to understand whether mining is required for the network to work. The second condition is whether databases are supported by smart contracts.

Mining is used to create new blocks in part of the platforms. This is cryptocurrency mining. Since money is electronic, it is not printed, but calculated — on video cards and hard drives.

Smart contracts significantly expand the possibilities of using the blockchain platform in business. In fact, it is a program inside the blockchain, executed as a contract between participants.

WHAT TO DO

There are many scenarios in which blockchain can significantly help in business development. The prospects are still huge, but too abstract. There is no legislation in this industry, although many are already ready for changes.

Here are some ideas for entrepreneurs:

1. Use cryptocurrency for financial transactions, for example, to accept payments or to organize an exchange office and exchange. This makes it possible to make anonymous payments and attract new customers who already have cryptocurrency.
2. Work on smart contracts. These are agreements that are executed automatically when the conditions specified in them occur.
Example. The company encourages personal sales.
Using smart contracts, you can improve this process.
In other words, the contract will automatically award bonuses to those who have achieved the highest sales volumes. It is convenient, fast and cheap. After all, everything will happen without accounting calculations and notaries.
3. Accept cryptocurrency for payment. Starting to implement such payments in a restaurant or store is a great opportunity to promote your brand and invest in the future.
People already have bitcoins, but there is still nowhere to spend them.

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