While most people learn about "blockchain” through Bitcoin, its roots and applications go deeper than that.

Blockchain is an entirely new technology. It powers Bitcoin and is essentially why so many new ICO's have flooded market - creating an "ICO", is ridiculously simple (no barriers of entry).

The system's purpose is to create a decentralized data base. This means that instead of relying on "Google" and "Microsoft to store data, a network made up of computers operated by individuals can act in the same manner as larger companies.

You need to understand how the system functions on a fundamental level in order to fully grasp the implications and where it could lead industry.

It was created in 2008, one year before Bitcoin. Its source code is open-source, meaning anyone can download and edit it. It is important to note that only certain individuals can modify the central repository. This means that "development" of code is not an open-source project.

The system uses a data graph known as a "merkle tree", which is a data graph that was designed to allow versioned access to data in computer systems.

Merkle trees can be used in many other systems, most notably "GIT", which is source code management software. It basically stores a "version of a set" of data. This version can be loaded at any time the user wants to access an older version. It is a way to update a set source code across multiple systems, as in software development.

It works in a similar way to "Bitcoin" or any other "crypto" system. A large "file" is stored with the latest data from a central database. The technical term for encryption is "cryptographic" which simply means "cryptographic".

It doesn't matter what its core functions are, the real benefit of "on-chain" adoption to a wider extent is the "paradigm", which it offers industry.

For many decades, the idea of "Industry 4.0", has been floating around. The idea behind "Industry 4.0" is often confused with the "Internet of Things". It proposes that an additional layer of "autonomous machinery could be created to improve manufacturing, distribution, and delivery methods for consumers and businesses. Although this idea has been mentioned many times, it has never been implemented.

Many pundits now see technology as a way of facilitating this change. The reason is that "crypto" can be programmed to function with logic, as shown by Ethereum and other systems built on top of it. For more detail visit https://nftweets.app/.