What is the future of the blockchain and how will a technological revolution in the world occur?

Blockchain!Some may find the name strange and complex, so curiosity begins to infiltrate them to find out what is the blockchain network?Well, simply Blockchain technology can be defined as a technology that gives a company or a person the right to transfer information or value -of -value transactions to a person in a safe way and without the need for a broker, the blockchain technology is characterized by stability, decentralization and transparency.

What is the concept of blockchain?

The blockchain appeared in 2009, and at the time it attracted great attention from the pioneers of the Internet, whether ordinary users, programmers, or even investors, and it was called the "Blockchain" revolution, and despite the many years of its invention, it still hasA lot of attention, and many have tried to know the weaknesses of technology in failed attempts to break it and decipher the encryption, which demonstrated the strength of technology with merit..

The technology was initially an idea belonging to a person or group famous for a pseudonym, which is Satoshi Nakamoto, but with the passage of time it began to develop little by little, and the blockchain is considered as encryption technology, that is, it consists of data and information, as well as money that is transferred and circulated through unknown sources that cannot be known.

The blockchain is a complex word consisting of two words, which are Block and Chen, that is, a series of blocks, and therefore the blockchain can be defined as a set of records or in what is known as the fixed blocks of information and data, and it is controlled and supervised by the use of computers, but it is required to be not ownedFor any party, person, or any entity in general, the network secures and protects the data of data and is linked to each other by using some of the principles of encryption.

The blockchain network is not subject to any central authority, but it is completely independent in itself, as it is in the end a common record that cannot be changed or modified, and the information in the network is open and available to anyone who wants to see it, and from here we can say that anything based on the blockchain technologyIt is mainly characterized by high transparency.

There are many transactions that are established on the blockchain, and those transactions are free and there is no direct cost to it, and it is a technology that aims to store digital transactions and ensure their authenticity and license online at a high level of safety, and it is characterized by a high degree of encryption, so it is impossible to break it..

Blockchain has passed through 4 development stages so far, which includes:

1. مرحلة تطور البلوكشين الأولى:

Bitcoin is one of the most famous digital decentralized currencies, a coded currency used by many different parties as an approved payment system.

1. مرحلة تطور البلوكشين الثانية:

Its time has been known that the technology used in Bitcoin currency can be easily separated and resolved from the currency and the possibility of using it in all other types of currencies that are used between different institutions and entities.

1. مرحلة تطور البلوكشين الثالثة:

It appeared at the time a second generation of blockchain called Ethereum ((ethereum), and smart contracts are self -implementation contracts, and the platform now has a high market value.

1. مرحلة تطور البلوكشين الرابعة:

It is the most modern phase of blockchain technology called Proof of Stake, and the current generation of technology is protected through the Proof of Work guide, and has many uses and features..

What is the contribution of the blockchain to the development and progress of various fields?

Blockchain technology helped develop many areas, and among these areas:

Blockchain technology can facilitate transactions, abandon mediators and increase capital access, and enjoy high security for data and information, as well as imposing many agreements over smart contracts, and the blockchain technology used in banking services is characterized by transparency as it unifies all joint operations, and is characterized by security where it reducesFrom the need to put information in the hands of the mediators, besides privacy where selective data can be determined and what can be shown and what can be made can be determined.

The blockchain is also characterized by confidence as it helps to cooperate and participate in the parties and reach various agreements, as well as the possibility of establishing smart contracts for their implementation, which makes them help to perform various commercial operations, as they are basically programmingable.

The blockchain technology helps to deliver money faster and easier with a few fees, without limits, and there are security guarantees as it was in the old money delivery system, and the technology has contributed greatly to the conduct of financing operations, as preliminary currency offers and preliminary deliberative platforms were offered to emerging projects for financingWithout the need to go to banks.

According to the report announced by Enterprise Ethereum Alliance, the blockchain helped significantly to facilitate the transfer of real estate and increase transparency, and both Royal of Scotland and Barclays Bank have worked to try the blockchain network in order to facilitate the purchase of real estate, where various transactions can be recorded on it and noIt can be falsified or tampered with in any way, as it is a digital notebook and the network database is well distributed, which helps to quickly verify data.

Some countries have made the trend towards organizing encrypted currencies in light of the current crises that the world is exposed to, and there are at least 10 countries who have announced that, including China, the United States of America, Japan, India, Singapore, Malaysia, the Philippines, Germany and South Korea.

In light of the current crises, the economy has increased in many countries, and during the Corona crisis, the global recession was announced by the International Monetary Fund, indicating that there are approximately 80 student countries for assistance, and some countries have announced advertisements related to their cryptocurrencies regulations.

The Federal Financial Supervision Authority in Germany has begun to publish instructions on the matter of providing companies requesting mandates to grant the service of coded currencies, and South Korea began a pilot program for national cryptocurrencies.The other according to what was discussed between the central bank and the government.

As one of the main methods that will have an impact on the Forex industry in the blockchain is decentralization, as it will make it a reliable and permanent method of registered information - whether it is transactions, currency rates or anything else - it provides foreign currency industry a unique opportunity to add decentralization to save records and increase the availability of informationStored.

In addition to granting more flexibility to young traders and startups, this gives individuals and companies the ability to exchange money from counterpart to counterparts instead of passing through central banks, which can really change the way the Forex industry operates..

Some phone industry companies have already started launching smart phones with blockchain technology, along with other varied features, including digital assets portfolio, as well as access to decentralized applications where there are some applications that work in the blocs series.

Blockchain technology can also give users more control of their personalities and data online. Moreover, it can be benefited from in the security aspects, combating theft for mobile owners and accessing their data in the event that their devices are lost, and a black list can also be placed with the phone (IMEI) numberThe missing, as this process allows telecommunications and smart phone suppliers to determine and disable the devices listed in the black list quickly in order to protect personal information stored on the lost or stolen phone.

Reducing the amount of plastic in smartphones is another feature of blockchain technology, for example Verizon has recently been given a patent from the US Patent and brands office (USTPO) for a system that uses blockchain to create virtual SIM cards, and according to the patent, the blockchain will communicate with the system to connect the default SIM card(VSIM) with a unique user account and then activating the SIM card, the device will then send a signal via the blockchain to confirm the activation and run the slide.

One of the decisive factors that increase the demand for blockchain integration is the enormous increase in the number of digital transactions, especially with the acceleration of the deployment of 5G technology, where the vital aspects of Blockchain technology are in speed, ease, flexibility and safety that it provides to achieve income from transactions, the Blockchain is simply the natural development of clearing and settlementIn 2021 and beyond.