Blockchain technology is impacting your everyday life.

This podcast explains what blockchain technology is and how it is being used all around you every day.

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Host:

00:00

Podcasting from southern California, this is on your go to for everything you need to know about how to get your business online and keep it there, brought to you by Lunarpages. We will help you navigate the mystifying ins and outs of doing business in today’s digital era from web hosting to e-commerce to security and protection if it has to do with your online presence. We’ve got it covered. Let’s get started.

Host:

00:29

Hello everyone. For those of you joining us for the first time, welcome to on the net where it’s all about your online presence, brought to you by Lunarpages. For those who listened to last week, thanks for coming back. This podcast is designed to make doing business online, easy for web designers, developers, bloggers, and online businesses of every shape and size. Whether you’re new to buying web hosting or running a website, this podcast show will be able to answer your most burning questions today. Let’s talk about how blockchain technology is affecting your everyday life. I’d be surprised if you haven’t heard of digital currencies like bitcoin. Well, blockchain is the innovative technology behind digital currency. Even if you do not use crypto currencies as they’re called in your business or everyday life, you should be aware of the concept behind the craze because blockchain has so much more to offer than just bitcoin.

Host:

01:19

For the finance sector recently, Recently we published an article on our Uptime Blog, about blockchain called ‘Blockchain Technology: The Most Disruptive Tech Changing The World,’ and how this technology is revolutionizing the IT and the web hosting world in particular. You can check it out on lunarpages.com/blog/. Just like the Internet has profoundly changed every facet of human life with ‘smart’ devices and tools, the limitless applications of Blockchain are going to leave a big mark on economic, social systems too. So, what exactly does ‘Blockchain’ mean and why do I sound so optimistic about its impact on our ordinary lives? For those who haven’t heard of blockchain, it basically refers to the decentralized public ledger that stores a registry of assets and transactions across a peer-to-peer network. So, in easy to understand terms, basically, it is a chain of blocks containing information in the form of a record, transaction, etc.

Host:

02:12

that are linked together permanently and securely through strong encryption. Another important term to understand when talking about blockchain technology is smart contract. A smart contract is a piece of digital document with specific actions that are verified by third parties to agree on the terms and conditions set up by the contractors and is stored within a blockchain. Think of how difficult it is for ‘first-time buyers’ to get a mortgage. With blockchain technology and smart contracts, it becomes a little easier and allows you to, possibly, cut out the ‘middle man’, which has the potential to save you money. With blockchain technology, lending organizations can scan for more than just your credit score and look at other factors that may help them determine whether to give you the loan or not...