Blockchain is a common topic here in the land of TARTLE. Why might that be? Because blockchain is a technology that allows people to take control of their own finances and their own information independently of any outside organization. That means if you don\u2019t trust a given country, bank, or company with something, you can secure it with blockchain. It allows people to track anything with the appropriate code anywhere it goes in the world. If you want to know more about it, we\u2019ve done a few posts on the subject in the past. It should at least be enough to point you in the right direction. Today, rather than going over the mechanics of blockchain, we want to talk about the potential it has to help solve some significant issues.\xa0
First up is oil. As it turns out, there are billions of dollars of oil stolen every single year. Just one country in Africa, $8 billion of oil was reported stolen. Imagine that, $8 billion gone from just one country. What sort of impact does that have on the global economy? A company could include a QR code on the storage units to track that oil through a blockchain system, making it a much harder sell once it\u2019s stolen. At the very least, the thieves would have to transfer it to another container. However, even doing that would be a red flag as there would be no origin reported in the blockchain code. Or, combine elements of biotech and find a way to include an organic equivalent of a QR code embedded in the oil itself. It would be like marking hundred dollar bills with traceable dye. Similar things could also be done with diamond mining. Yes, these obviously are instances of the blockchain working for a company. We never said they couldn\u2019t use the technology, just that the thing we really liked about it was that it is just as open to individuals as it is to companies and countries.\xa0
Speaking of countries, what about voting? What if blockchain could provide a secure means of electronic voting? The secure and virtually unfalsifiable nature of the records, backed up worldwide should make blockchain an attractive option for electronic voting that is secure and easily accessible. So far, no nation has taken advantage of this option but TARTLE will definitely be watching closely when someone finally pulls the trigger.
Individually, people who live in more oppressive countries can use blockchain and cryptocurrency to circumvent the corrupt system there. That ability is even helpful in regard to a perfectly honest banking system. Even a completely trustworthy and above-board bank can be held hostage by blackhat hackers that infiltrate the bank\u2019s servers. Securing records with a blockchain system helps prevent title and identity theft by attaching a code that tracks these things from their origin to wherever they go, with records that are duplicated all around the world in those convenient little nodes.\xa0
Blockchain is one of the most interesting and promising technologies developed in the new millennium. It provides a high degree of accessibility and security while allowing people to break away and decentralize power from corrupt systems. Sadly, it hasn\u2019t caught on nearly as much as it should have. There are massive gaps in the education available to help people understand and how to access the technology.\xa0
TARTLE is trying to bridge that gap by providing a system that anyone can sign up for and use. By using our data marketplace users can acquaint themselves with some of the mechanics that govern the worlds of blockchain and cryptocurrency. In time, that knowledge will grow and spread into a movement that increases the mobility and freedom of people around the world.\xa0
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