Blockchain is the emerging technology which allowed Bitcoin to perform money transfer without banks. And that is spectacular! It is in fact the technology behind all the popular electronic currencies, but the scope of blockchain is way beyond that.
The first generation of the digital revolution brought us the Internet of information. The second generation — powered by blockchain technology — is bringing us the Internet of value: a new platform to reshape the world of business and transform the old order of human affairs for the better.
Blockchain is a vast, global distributed ledger or database running on millions of devices and open to anyone, where not just information but anything of value — money, but also titles, deeds, identities, even votes — can be moved, stored and managed securely and privately. Trust is established through mass collaboration and clever code rather than by powerful intermediaries like governments and banks.
Blockchain Romanian Community
Now coming back to Earth, we need to understand that blockchain is not magic and it is not a swiss-army knife for any problem. A fantastic article from Multichain explains very clearly when it shines. This is why one of the main purposes of this website is to explain when you actually need blockchain and when it is better to stay away from it.
Our main objective here at Blockchain Romania is to build an educated community of people interested in the technology and to share knowledge between our members. We also want to promote local projects and Romanian companies interested in this topic and expose them to the global community.