Douglas A. Boneparth, financial Advisor for Millennials - #InvestInYou in a recent statement said that Blockchain technology is going to revolutionize the world, also adding that many people still don't know what it is.
"Blockchain
is a technology that allows anyone to send anyone else a piece of information,
currency or data in a secure, transparent and anonymous way," explained
Boneparth, president and founder of Bone Fide Wealth.
While news headlines and
conversations might be dominated by cryptocurrencies, he said, it's actually
the blockchain technology that these digital tokens are traded on that will
endure into the future.
"Cryptocurrencies are just one product of blockchain," Boneparth said.
Oneday
medical and real estate transactions — and even voting — could be conducted via
blockchain, he said. "It's going to change our lives."
The fact that blockchain interactions
don't require a middleman or institution resonates with people deeply,
Boneparth added.
"Since 2008, there's a little
bit of mistrust that still exists when it comes to transactions," he said.
"When you introduce something like blockchain technology, which allows for
transparency, you're going to get something that's very appealing to
people."
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