CHAPTER 1

Practical Applications of Blockchain Technology

When primitive man wanted to travel from Argos to the banks of the Yellow River, he invented a circular object and called it a wheel. In those days, traveling farther and faster meant more cash in the war treasure and greater leverage for trade. The invention proved to be a huge advancement for civilization.

Throughout history, enterprising individuals have identified problems and addressed them with creative solutions. This has often led to future innovations and improvements.

In the 1440s, an enterprising German named Johann Gutenberg ushered in the age of mass communications with advancements in printing.1 That led to the publication of daily newspapers, monthly magazines, and countless ...

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