Hello everyone, lately I'm getting more into blockchain technology and if I'm getting the right concept of it all and understanding the kind of technology then it's mathematically using computer generated programs for all kinds of transactions. This is fundamentally thought provoking that you don't even realize that blockchain technology may actually be able to eliminate the possibility of corruption not only in Uganda but the whole world at large and that's how big this is.
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People shouldn't only look at the blockchain technology as an opportunity to make money but also look at it as an opportunity to fundamentally change how they do life on a global level whereby the inter-medias of banks, government, centralized control of data, information and processing will literally be so broadly spread out that it can't be hacked or corrupted because it's open and it's public to the world. Well, this is the kind of capability that the blockchain technology is bringing to every area of our potential digital lives.
Furthermore, anything that is done online has to include verification and trust as the old saying goes that numbers don't lie and it's based upon mathematics and not human era, people who may have emotional or personal hinders to promote certain things. Well, they can't do anything in secrecy because the blockchain technology literally exposes everything to the public.
From what I'm understanding, the level of cryptography in real authentic blockchain can't be corrupted, can't be hacked and nothing can be erased so therefore everything is verifiable. The blockchain is trusted even when the people you're doing transactions with aren't and that's why everyone really needs to pay attention to this. So a lot of corruption that we have seen the government and businesses do whereby people take advantage of situations so as to satisfy their own gain and then cover it up can no longer be done which is really going to improve the quality of life to the people and not just how money can be made.
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