Why Blockchain Adoption Hasn't Taken Off as Expected: Exploring the Roadblocks and AI’s Role
What is Blockchain? A Simple Explanation Blockchain is a digital record-keeping system that stores data in "blocks" linked together in a "chain." This technology ensures that once a piece of data is recorded, it is nearly impossible to alter or tamper with, making it secure and trustworthy. Each data block is connected to the one before and after, creating a continuous chain that keeps a permanent, transparent history of transactions or records. A Brief History of Blockchain The origins of blockchain trace back to 2008, when an individual (or group) under the pseudonym Satoshi Nakamoto introduced it as the underlying technology for Bitcoin, the first cryptocurrency. The primary goal was to create a decentralized, digital currency that didn't rely on traditional financial institutions like banks. Bitcoin’s blockchain provided a secure, public ledger of all transactions, which was maintained by a global network of computers rather than a single central authority...