Design with BlockChain Technologies

Here is the traditional way of sharing documents. You send a Microsoft Word document to another recipient, and you ask him/her to make revisions. The problem is you need to wait until you receive the receive copy before you can see or make other change. You are locked out of editing until the other person is done with the document. That is how the database works today. Two owners cannot edit the same document at once. In the same way, banks lock money and access. They maintain money balance and transfers by briefly locking access or decrease the balance while they make a transfer. After that they update the other side, re-open access.

By its design, the blockchain technology is a decentralized technology. Anything that happens on the blockchain network is just a function of the network as a whole. Stock market trades become almost simultaneous on the blockchain. Decentralization is already a reality. A global network of computers uses blockchain technology to jointly manage the database that records all of the transactions. That means that bitcoin, for example, is managed by its network, and not by one central authority. The network operates on a peer-to-peer basis. Decentralized networks will be the next huge wave in technology, and we are just getting started.

Blockchain helps store and move that. Instead of holding the data in a single place (like nowadays), the blockchain atomizes the information and spreads it over thousands of nodes across a network. All of the nodes are locked together with clever cryptography.