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<center><a href="https://i.imgur.com/qs3X1XH.png">Source</a></center>
<center>https://i.imgur.com/qs3X1XH.png</center>

<div class="text-justify">Blockchain is essentially a shared accounting book, we can imagine it as a Google Docs spreadsheet, it is a shared spreadsheet in a cloud to the process by which transactions are reflected in the accounting book, we call it mining. When talking about Bitcoins you will hear the word mining and miners, we could define them in simple terms as the validators of the transactions. Whoever gets a block gets a reward is paid with Bitcoins for having acted as a validator of transactions.

One of the things that many people ask is: What industries could be affected by Bitcoins or Blockchain ?, for me it is like asking in 1994 or 1995 what industries could be transformed by Internet, but in 1994 nobody could predict that the Internet would affect the taxi industry or the hotel industry. I believe that with Bitcoins and Blockchain something very similar happens, leaving as an example some things that are already happening, Bitcoins and Blockchain are already having effects that may not seem obvious, the media could be very affected by the appearance of Bitcoins especially for micro payments. With traditional finance it is difficult to make electronic transactions for less than $ 1 due to credit card cups or something like that, sellers do not compensate you for charging $ 0.25 for something, in the internet browser you could install a small integrated wallet and that wallet would give you $ 0.01 for each time you visit a website in this way they could invest more in the content, there could be a much more authentic relationship between the creator of the content and the consumer.

Another area that is being affected right now is that of property titles in many parts of the world, the titles are recorded in a huge paper book, in addition to the corruption problems that can occur, the registry has a great impact on those zones. If a bank can not trust that your property is really yours and that it will remain so within 20 years, they will not grant you a loan with that property as collateral. For many people in South America, much of the wealth they have achieved in their lives consists of the land they have and the house in which they live, by providing access to a property registry that is safe by storing them in a Blockchain. thanks to the mechanisms of consensus and execution no one can change the name of a subsequent property since the registration is unalterable, for the first time these markets will be able to accept loans with real estate as collateral.</div>


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<a href="https://i.imgur.com/vCwmVXz.png">Source</a>
<div class="pull-left">https://i.imgur.com/vCwmVXz.png</div>

<div class="text-justify">There is something that excites me a lot in what Blockchain technology refers to, it is also applicable to internet technology and it is finding a way to be useful for people with less resources and right now among people who have urgent needs. The Bitcoin can be used for the distribution of aid since something that most people have are mobile phones. You can take all your accounting on your mobile phone and you can distribute aid so that there is no fraud and money is not left on the road, you do not need to resort to cash and you can track the arrival of payments to your destination. Identification systems and trust rings can also use Blockchain and similar technology to introduce people who are not identified in a formal identification system. The current identification systems are not enough, one of the things that prevent them from receiving and sending money and accessing certain services is that they do not have a formal identification, this type of technology can help people adopt an identification system. which will give you a little more opportunities.

I do not think Bitcoin replaces a national currency in the short or medium term, I think we are still a long way from that. But if we are looking at projects where central banks and governments are considering launching versions of their national currency in Blockchain, for example, the Philippines is considering launching an electronic peso as a way to receive payments, since much of its economy depends on workers who have gone to other countries and who send money to their families; Other governments have considered creating currencies based on Blockchain as a way to have digital money in their mobile phone, they perceive it as a technology that restricts fraud with the possibility of expanding and that is safe, features that other electronic money platforms have not had before. . You can see these combinations over the years, when people stop considering Bitcoins and Blockchain as something pure that can only be presented in one way and see it as another technological tool such as http, tsp and other technologies on which we work and that we combine to create very interesting results. As in this case technology can affect financial policies, I believe that there will be experiments with financial policies as a result of technology.</div> 


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