Time To Separate Crypto From Blockchain Technology

Many people argue that cryptocurrencies are the revolution, not to mention, the technology. How can you blame them? They have only started hearing about blockchain and crypto during the bitcoin boom last year.

I say, it’s time we know how to seperate the technology from its application.

Blockchain technology is has the potential to cause a massive paradigm shift, that decentralizes systems and process for business, organizations, economies and governments. Blockchain technology simply engenders trust in inherently “trustless” interactions and negates the need to have a centralized intermediary to attest to events.

Cryptocurrency for instance is an application of Blockchain technology that functions as peer-to-peer money without the input of banks as a central recording or settlement intermediary.

“Compared to the internet, we’re still very early. The internet was around for a while before the dotcom boom at the end of the nineties,” tells me Ian Balina, a blockchain…