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The Four Pillars of Blockchain Technology (2017)

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Derin Cag's four-pillar system that simplifies the foundations of blockchain technology so even the layman could understand. Powered by Richtopia.com

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The Four Pillars of Blockchain Technology (2017)

  1. 1. BY DERIN CAG Founder at Richtopia THE FOUR PILLARS OF BLOCKCHAIN TECHNOLOGY
  2. 2. Copyright © 2017 Richtopia Ltd. All rights reserved.
  3. 3. COMPELLING SECURITY Blockchain technology takes away the necessity for third­ parties and its decentralised nature would have major benefits in conditions for enhancing trust. The Brookings Institution has presupposed many scenarios where the removal of the dependability on third parties could prove highly valuable. Some other benefits associated with security includes irreversibility, and automatic traceability.
  4. 4. COMPETITIVE FEES Blockchain platforms are preserved by their users, without the need for other parties, which radically reduces lots of the fees associated with transactions, hence resulting in lower transfer & interaction fees
  5. 5. CONSISTENT TRANSPARENCY Blockchain ledgers are open and could be looked at by any person, so any system predicated on an open public blockchain platform is very translucent; any person could easily see trade­flows. Furthermore, the shutting down of computers will not lead to loss of information. This means a  higher degree of openness, transparency and dependability
  6. 6. CONNECTED MACHINES Integrating the digital and physical world: Blockchain technology offers a way of representing nearly every asset, whether it be tangible or intangible. The ownership of those assets can be distinctively identified at any time with no chances of deception, making it very counterfeit resilient.
  7. 7. BLOCKCHAIN INFLUENCERS
  8. 8. ALL QUESTIONS WELCOME www.DerinCag.com | Twitter: @DerinCag

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