What do we call blockchaintechnology so the people will understand it better? The blockchaintechnology is not for average persons. It probably ranks on the 10,000thlevel of the nerd scale. This makes it difficult for a startup business to get people to comprehend it. They need to explain the technology behind Bitcoin in ways that laymen understand to help unpack some of its complexity.

1. The Platform To Make All
Integration EZE
Explaining the Blockchain Technology to an Average Person
2016

2. “The blockchain is a massive decentralized trust machine and a distributed ledger technology.”
What do we call blockchain technology so the people will
understand it better? The blockchain technology is not for
average persons. It probably ranks on the 10,000th level
of the nerd scale. This makes it difficult for a startup
business to get people to comprehend it. They need to
explain the technology behind Bitcoin in ways that
laymen understand to help unpack some of its
complexity.
In order to unpack the complexity of blockchain, some
shiny marketing gloss should be placed on top. However,
marketing to the masses will clearly take more than a 10-
minute brainstorming session. It can be difficult to get
mainstream consumers to trust their life savings to a
decentralized bank or a blockchain-based insurance
when they don’t understand the concept.

3. “The blockchain is a massive decentralized trust machine and a distributed ledger technology.”
The blockchain is a massive decentralized trust machine and a
distributed ledger technology. It is a programmable trust
infrastructure that allows you to program your trust in the concept or
the rules. This allows you to remove the systemic risk, which is one
of the technology’s key benefits. Technically, it cryptographically
validates secure web pages and pulls together data from them.
There is a broad range of things that you can do with the blockchain
technology. Integrating it into the Internet of Things lets you keep
track of rental or ownership of physical objects. It could also act as
a real-time inference audit tool that promotes continuous blockchain
traceability. This means that you do not have to do another audit on
failed spot checks because, essentially, you would be auditing as
you go along.
There are a bunch of upstart players across industries, and they
can benefit from the blockchain technology if consumers
understand the concept. The technology is a distributed ledger that
records and verifies every transaction made worldwide. It is a
decentralized trust machine; thus, it is difficult to hack or alter
records in its registry. Understandably, it is a brilliant and
extraordinary technology.