Blockchain Quotes

The blockchain is all about bringing in transparency and efficiency into the existing systems which are running the upstream and downstream supply chains and making them more proactive and predictive. ~ Rahul Guhathakurta

You might think of Bitcoin and blockchain as two halves of a whole, but in reality, they are very distinct commodities. ~ Olawale Daniel

The divine line "Bitcoin/Cryptocurrency is for criminals" is a cunning defensive strategy created by so called traditional financial services sector. ~ Mohith Agadi

I like the concept of 'not spending more money to spend money'. Let's scale it. ~ Mohith Agadi

By the time you look a few hundred feet down, you are looking at a snapshot of the past that has remained undisturbed for millions of years. In the blockchain, the most recent few blocks might be revised if there is a chain recalculation due to a fork. The top six blocks are like a few inches of topsoil. But once you go more deeply into the blockchain, beyond six blocks, blocks are less and less likely to change. ~ Andreas M. Antonopoulos

Blockchain verifies the information using the following steps: Consensus - it requires the majority of the block builders to agree that the occurrence actually happened. Consistency - requires that the new information fits with the previous block. Transaction - it requires that the transaction occurred by looking at the previous block, ensuring that two people did not record conflicting accounts of the information. Automated Conflict Identifiers - the software itself trolls for conflicts within the blocks and the structure. There is no centralized location, or big computer in the sky, where the information can be altered or stolen. ~ Jacob William

Cloud-based, blockchain-based autonomous business entities running via smart contract could then electronically contract with compliance entities like governments to self-register in any jurisdictions in which they wanted to operate. Every business could be a general universal business first, and a jurisdictional business later when better decisions can be made about jurisdictions. The same could be true for individuals as general humans first, and citizens on demand later. ~ Melanie Swan