Introduction to Blockchain
A blockchain is a public ledger of all transactions that have ever been executed within an ecosystem. It is constantly growing as ‘completed’ completed blocks added to it with a new set of recordings. The blocks are added to the blockchain in a linear, chronological order, and each computer node within the ecosystem has access to a complete copy of blockchain at all times. Originally leveraged solely in the cryptocurrency arena, people have woken up to the myriad of ways blockchain technology can be leveraged now and in the future to improve efficiency of countless industries.
Blockchain technology marks the next “jump” in business optimization
Blockchain will impact entire industries by optimizing business processes and by sharing data securely among organizations. Blockchain combines a number of cryptographic, mathematical and economic principles to maintain a database of participants without requiring a third party validator.
An obvious example is the Financial Services industry, where its technology could deliver a “huge cost savings” from its use in back office operations as well as big gains in transparency that hold promise from a regulatory and auditing standpoint.
Blockchain use cases focus on the increased efficiency from eliminating the need for reconciliation among parties, the speed of trade and contract settlement, or the revamping of existing processes.
Who is doing it different?
All blockchains are based on the concept of the original Bitcoin cryptocurrency blockchain. Much effort has gone into improving and upgrading the blockchain concept, with the most prominent one being Ethereum. The fundamental problem with all these blockchains is that all users of these blockchains are anonymous. Anonymity in the commercial world is not practical or acceptable. For example, you cannot do stock exchange buying and selling of securities of all the parties to a contract are anonymous. Identification with privacy is the goal…and Blockchain Evolution Inc. has achieved that goal.
Evolution vs. Revolution
The commercial world needs a blockchain that has evolved from the original Bitcoin cryptocurrency anonymous user base, to a blockchain where all parties are identified but in such a way that they remain private.
Further, regulators and governments want to ensure limited risks to the safety and soundness of the broader financial system. They want consumer and investor protection ensured by blockchain technology, not threatened by it. Waiting for specific regulatory responses concerning blockchain applications and the distribution of digital assets across multiple environments could take years if not decades. The solution is to remove the problems caused by anonymity, and that is the evolutionary development achieved by Blockchain Evolution Inc.
How to Capitalize from Blockchain Evolution, Inc.
Greenbank Cap, Inc. (OTC Pink: GRNBF) and (CSE: GBC) has a significant investment interest in Blockchain Evolution Inc, the world’s first identification based blockchain. Blockchains are public ledgers that record executed transactions. In the cryptocurrency space this has enabled the recording and processing of anonymous users coin transactions. However, anonymity causes problems for governments and regulators,so Blockchain Evolution Inc has developed its blockchain to enable identification of users.
To benefit from non-anonymous, user identified block chain technology, have a look at Greenbank Cap, Inc. (OTC Pink: GRNBF), and (CSE: GBC), with its investment in the space.
Identification with privacy is the goal…and Blockchain Evolution Inc has achieved that goal.