Application of blockchain technology and its impact on Law

Application of blockchain technology and its impact on Law

The blockchain technology is a decentralized database that stores records -digital accounting- of assets and transactions through a peer-to-peer network . That is, it is a public record in which it is recorded who owns what and who processes what. Transactions are protected through cryptography and, over time, the history or record of these is stored in “data blocks”, which are linked together and replicated in each computer that uses the network, creating an immutable record and unforgettable of all the activities carried out through the network of blockchain. Blockchain is not an application, nor…

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What is the impact of Blockchain on a public and private level?

impact of Blockchain on a public and private level

Blockchain is best known for its ability to support cryptocurrencies and dapps, but the number of blockchain applications continues to increase as the technology becomes more advanced. At the same time, the user base is also evolving. Governments are beginning to not only test out the capabilities of blockchain technology but also use this technology for improving governance in the real world. This chain of blocks represents a true technological revolution as big as the emergence of the Internet, but really, what is Blockchain? Blockchain is a technology or information coding…

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