Insightful Principles

EP 55: Understanding Blockchain Technology


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In this episode, Kevin describes the underlying technology of Bitcoin and Ethereum. Which is essentially the blockchain that gives user's the ability to do peer-to-peer lending without the validation of a bank or central party. 

The blockchain also provides users the ability to facilitate transactions that are secured, private, and efficient. The host went into  details of how data is structured on a blockchain and why this information is transparent amongst users. 

Kevin describes some advantages and disadvantages of the blockchain and how it will transform the financial services industry. 

There also were examples discussed of how blockchain can be use in healthcare,  the food industry, the voting system, and even real estate. Also smart contracts are another innovative way to utilize the blockchain network. 

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Insightful PrinciplesBy Kevin N Jenkins

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