The meteoric rise (and subsequent fall) of Bitcoin stock in late 2017 brought blockchain technology to the forefront of the collective consciousness. But for many, conceptualizing the functions (and potential implications) of blockchain technology seems tantamount to decoding the human genome.
Although blockchain is most famously used by cryptocurrencies, the ease and security of this technology (combined with the relative lack of security of many other internet-based platforms and transactions) mean it’s not going anywhere. And before long, the use of blockchain is likely to work its way into just about every aspect of modern life.
Read on to learn more about the ways blockchain technology is poised to revolutionize everything from online banking to making a piece of toast.