Hello hello, if it is your first time here, welcome, if you have been here before, it is good to have you back!

There’s a buzzword that we have beeeeeeen throwing around - guilty as charged - and the buzzword is: blockchain technology. Why does the block have a chain? What is blockchain technology? And why does it sound so complicated? Well, don’t fret, we’re here to simplify this for you in the next 2 minutes. We have all had messages getting lost in translation, we have all had people promise to pay us and they don’t, we have all waited hours for a bank transaction to go through while rent is definitely due and the transaction doesn’t clear. Blockchain technology solves these problems deeply and uniquely.

Let's start with the basics. Blockchain technology is a decentralised digital ledger that records transactions in a secure and transparent way. That sounds cool and fancy, but what does it mean? Think of it like this: imagine you and your friends are playing a game of cards - preferably crazy 8s :) - , and everyone has a notepad to write down each transaction. Whenever someone gives out a card, they write it down in their notepad, and everyone else has to verify it. At the end of the game, everyone compares their notepads to make sure everything matches up and no-one magically came up with an extra 2 of spades or a red joker to win the game. That's basically what blockchain technology does, but in a digital format and in real-time.

Now, you might be wondering why we need this technology in the first place. The answer is simple: trust. Recently we have heard stories of banking system transactions being edited illegally by humans. This is done to hide certain transactions from being public and known by authorities. Blockchain technology effectively helps curb these crimes from occurring, no transaction can be edited or manipulated. In the past, if you wanted to send money to someone online, you had to rely on a and trust a centralised authority, like a bank, to make sure the transaction went through. But with blockchain technology, there's no need for a middle-entity or person. Transactions are validated by a network of computers, making them faster, cheaper, and more secure than traditional methods.

Blockchain technology isn't just useful for sending money. It can also be used to store information in a way that's tamper-proof and immutable. For example, let's say you want to buy a house. Instead of relying on a bunch of paperwork and lawyers, you could use blockchain technology to create a digital contract that automatically executes when certain conditions are met, like the transfer of funds. This would make the entire process faster, more transparent, and less prone to errors. Imagine a world where buying a house or renting an apartment could be done entirely through smart contracts, with no need for real estate agents or lawyers. The possibilities are endless!

In conclusion if blockchain technology has all these benefits, surely finance needs the technology more, surely the world needs the technology more. Blockchain technology is the backbone of the cryptocurrency industry, and it has the potential to transform the way we do business. Its security features make it ideal for financial transactions, while its ability to create smart contracts could revolutionise a wide range of industries. We hope this has been a simple and valuable blog post to you. Please do reach out if you wanna learn more about what we are doing and how we want to hope you look forward to tomorrow.