Mr. Menon Writes

The Blockchain Technology “Distributed ledgers”, that is what the whole thing is all about. Well, of course, there is more to it than that. But for now, let us start with how it carries out and delivers. Now imagine you live in a Utopia. Perfectly balanced, like the kingdom down in South India ruled by the king Mahabali. All the citizens are honest, trusting and the whole system is transparent. Not nearly as possible these days, isn’t it? Dear readers, let me just tell you, you’re wrong. The blockchain technology is exactly what the world needs right now. Maybe not what it wants, but most certainly what it needs. A system is being built where the whole area of data security and safety is autonomous with zero human intervention. How does it work?  Imagine you want to buy a property in a foreign land. How can you trust the guys there? How can they trust you? What if there is a well-established escrow?. Both parties now feel a sense of security. Now what if the escr