Nice thread for discussion given by the author. Block chain technology is an adjustment of different technologies, including cryptography of the Internet, ie keeping information secret and controlling protocols. So it is not possible to hack it. The direct transaction process will make the transaction quick, transparent and easy. It is impossible to manipulate the data once it is collected. Hence it is devoid of external side effects. The wider informal sector can be made part of the formal economy. Block chain is considered a revolutionary technology for the future economy. Block chain technology has the potential to impact the economy around the world and almost all the major central banks of the world are researching it. In current contexts, block chain technology can prove to be a game changer, provided its importance and capabilities are identified in time and concerns are addressed and work is done to resolve it.
Keep your Face to the SunShine