Episode 20 - Everything we need to know about blockchain including use cases
I need to start off by saying this is not financial advice so if you are looking for that this show isn’t for you. The content of this podcast episode is for informational purposes only. The opinions expressed here are not meant to be taken as financial, investment, or any other advice.
Blockchain. I am not a guru on blockchain nor do I claim to ever be when it comes to crypto or blockchain, but the coolest thing about cryptocurrency in my opinion is blockchain. It is estimated that global spending on blockchain technology will reach around $17.9 billion in 2024. So it doesn’t seem to be going anywhere considering the demand for it. Blockchain is the online digital ledger. Think of it as the blocks are what store data and as you add more blocks full of data they build the chain with one block after another, hence its name blockchain.
In this episode we will go over the basics of blockchain and some use cases such as NFT's, cybersecurity, smart contracts and IoT (Internet of Things).