Blockchain

Blockchain is the technology behind Bitcoin and other cryptocurrencies. I don’t know much about it yet, but I have purchased some research material and will be investigating it and writing at least one article about it.

When I read stories about people getting banned from using PayPal and other banking services because of their political opinions, I think we need to start looking at some kind of alternative system. One that protects our privacy, our freedom of conscience and our free enterprise.

I’m not sure if cryptocurrency is the best solution. It’s just worth taking a look at it. On one hand, I’m a big advocate for free and open source software. On the other hand, I’m a big fan of privacy and private property.

I like free and open source technology, because I don’t want any corporation owning or controlling my technology. I don’t want to be controlled by the government or by any private or public corporation.

Freedom is lawful, not lawless. I am not an anarchist. The rule of law is the antidote to the rule of man. We can build machines that fly by discovering the laws of aerodynamics and following them. We can produce prosperity by learning the natural laws of economics and practicing them.

The United Nations’ Sustainable Development Goal, number 17, calls on corporations to work directly with the United Nations to bring good ethical economics into every society on earth. I’m all for that, however, it seems like that good idea is being corrupted into promoting an authoritarian ruling class.

The rule of law should be liberating the people of earth, not entangling us in any corrupt imperial pyramid. National socialism is private ownership of the means of production, controlled by the state. That is not what we need our world government to be doing.

We need our world government to serve and protect the people of earth from any tyrants. No bullies allowed, anywhere on earth. Free and open source software, free and open source education and free and open source healthcare are major facets of the solution to the control freaks.

Blockchain technology may be a significant aspect of the remedy for the tendency of some people to want to control other people. Society has a right to defend itself. We need laws and institutions to defend against any and all tyrants, whether they are street criminals, drug pushers, human traffickers, unethical business executives or corrupt government bureaucrats.

Blockchain technology, along with a virtual private network and the Tor browser may be tools we can use to protect our privacy. We’ll see how blockchain technology fits into the holistic perspective of computer science and artificial intelligence.

I am not advocating for any kind of corruption either. The divine education revealed by Baha’u’llah, the Baha’i Faith, is the divine guidance that is absolutely essential for any form of private enterprise and free and open source culture to thrive.

Man made rules are inherently corrupt. That includes people making the rules in their own lives or anyone else’s life. Voluntary submission to God is the inner essence of every true religion. God makes the rules.

Jetpack says

I am editing this story from a conversation I just had with Bing Chat. I think I like Bing Chat better than ChatGPT. I like that it searches the Internet to find answers and that it includes credit for sources. I asked WordPress’ Jetpack AI Assistant to expand one of Bing Chat’s paragraphs and it returned this:

Blockchain is not just a buzzword, it is a revolutionary technology that has the potential to transform industries across the globe. By providing a decentralized and transparent system for recording and verifying transactions, blockchain can address many of the challenges faced by businesses today.

One of the key advantages of blockchain is its ability to enhance security. Traditional centralized systems are vulnerable to hacking and data breaches, but blockchain’s distributed ledger eliminates the need for a central authority, making it nearly impossible to hack. This ensures that sensitive information, such as financial records or personal data, remains secure and private.

Moreover, blockchain offers unparalleled transparency. Every transaction recorded on the blockchain is visible to all participants, creating a level of trust and accountability that is unprecedented in traditional systems. This transparency not only helps in reducing fraud and corruption but also enables efficient auditing and compliance procedures.

The potential applications of blockchain are vast. In the financial sector, blockchain can streamline processes such as cross-border payments and smart contracts, eliminating intermediaries and reducing costs. Supply chain management can also benefit from blockchain, as it enables real-time tracking of goods, ensuring transparency and authenticity.

Furthermore, blockchain can empower individuals by giving them control over their own data, enabling them to decide who can access and use their personal information. This has the potential to revolutionize industries such as healthcare, where secure and interoperable sharing of patient data is crucial.

Blockchain is a game-changer that can reshape industries and empower individuals. Its security, transparency, and potential for innovation make it a technology worth exploring and adopting for businesses looking to stay ahead in the digital age.

Bing Chat says:

Me: how can I use blockchain to make my home office profitable?
Searching for: blockchain home office profitable
Generating answers for you…

Blockchain is a technology that can help businesses save money, minimize inefficiencies and offer innovative products and solutions.¹ Some of the ways you can use blockchain for your home office are:

• Using smart contracts to automate transactions and agreements with your clients or partners.¹
• Raising capital through Initial Token Offerings (ITOs), which are similar to crowdfunding but using digital tokens.²
• Investing in or selling real estate properties on a blockchain platform, which can reduce fees, fraud and intermediaries.³

Learn more:

1. forbes.com
2. entrepreneur.com
3. builtin.com

Me: Using blockchain in business transactions
Searching for: blockchain business transactions
Generating answers for you…

• Blockchain is a shared, immutable ledger that records transactions and tracks assets in a business network.¹
• It can improve efficiency, build trust and remove friction among participants who need to access the same information at the same time.²

A blockchain transaction works by following these steps³:

• Someone requests a transaction, such as sending money or data to another party.
• The transaction is broadcast to all the computers (nodes) in the blockchain network, which validate its authenticity using cryptography.
• The validated transaction is stored into a block, which is linked to the previous block using a unique code (hash).
• The new block is added to the existing blockchain, which is visible to all the nodes.
• The transaction is complete and irreversible.

Blockchain can be used for various purposes, such as banking and finance, currency, healthcare, property records, smart contracts and more.^4,5

Do you have a specific use case in mind?

Learn more:

1. ibm.com
2. ibm.com
3. ledger.com
4. investopedia.com
5. forbes.com

Me: banking
Searching for: blockchain banking
Generating answers for you…

Blockchain can transform the banking process in a more secure, reliable, efficient, transparent and flexible way.¹ It can enable faster and cheaper transactions, reduce fraud and intermediaries, and improve customer experience.²

Some of the examples of blockchain in banking are³:

• JPMorgan Chase uses its own blockchain platform, Quorum, to facilitate cross-border payments, trade finance and interbank transfers.
• HSBC leverages blockchain to streamline trade finance and reduce costs and risks.
• BBVA offers blockchain-based loans and corporate finance solutions to its clients.
• Wells Fargo has launched its own digital currency, Wells Fargo Digital Cash, to enable real-time settlement of internal transactions.

Some of the trends at the frontier of blockchain banking are⁴:

• Smart contracts, which are digital implementations of formal agreements that execute automatically based on predefined conditions.
• Initial coin offerings (ICOs), which are alternative methods for raising startup funding by issuing digital tokens to investors.
• Asset-backed digital tokens, which are tradable cryptocurrencies linked to other sources of value, such as gold, real estate or art.
• Nonfungible tokens (NFTs), which are unique and indivisible digital assets that represent ownership of something scarce or original, such as a piece of art, a collectible or a domain name.

Learn more:

1. leewayhertz.com
2. thebalancemoney.com
3. builtin.com
4. bcg.com
5. corpgov.law.harvard.edu
6. forbes.com

blockchain trading
Searching for: blockchain trading
Generating answers for you…

Blockchain trading is the process of buying and selling cryptocurrencies or other digital assets that are recorded on a blockchain ledger.¹ Blockchain trading can offer transparent pricing, new alternative markets, faster payment processing and immutable transaction recordkeeping.²

Some of the platforms that enable blockchain trading are^3,4:

• Blockchain.com Exchange, which is a fast and secure crypto exchange that supports various currencies, such as Bitcoin, Ethereum, Litecoin and Tether.
• Coinbase, which is a popular and user-friendly platform that allows you to buy, sell and store cryptocurrencies, as well as earn rewards and learn about crypto.
• Binance, which is a global crypto exchange that offers a wide range of trading products and services, such as spot, futures, margin, options and peer-to-peer trading.
• Kraken, which is a trusted and secure crypto exchange that supports over 50 cryptocurrencies and offers advanced features, such as staking, lending and futures trading.

Some of the companies that are using blockchain in trading are⁵:

• S&P Global Platts, which is a leading provider of energy and commodities information and benchmark prices. It has launched a blockchain network to streamline the oil trade process and reduce operational risks.
• Komgo, which is a blockchain-based platform that facilitates trade finance transactions for commodities. It connects buyers, sellers, traders, banks and other stakeholders in a secure and efficient way.
• VAKT, which is a blockchain-based platform that simplifies post-trade processes for energy commodities. It eliminates paper contracts, invoices and reconciliations, and enables smart contracts and instant settlements.
• We.Trade, which is a blockchain-based platform that provides trade finance solutions for small and medium-sized enterprises (SMEs). It connects SMEs with banks and insurers, and offers digital trade services, such as payment guarantees, invoice financing and credit insurance.

Do you want to learn more about any of these platforms or companies?

Learn more:

1. daytrading.com
2. builtin.com
3. exchange.blockchain.com
4. blockchain.com
5. spglobal.com
6. bing.com

Me: write an article about using blockchain in my home office (edited by me.)

How to Use Blockchain in Your Home Office

Blockchain is not only a technology for cryptocurrencies and finance. It can also be a useful tool for your home office, especially if you work remotely or collaborate with others online. Blockchain can help you improve your productivity, security, privacy and trust in your home office. Here are some ways you can use blockchain in your home office:

Use blockchain-based apps and platforms. There are many blockchain-based apps and platforms that can help you with various tasks and projects in your home office. For example, you can use Evernote Chain to store and sync your notes on a decentralized network, or Provenance to track and verify the origin and quality of the products you buy or sell online. You can also use Steemit to create and share content on a blockchain-based social media platform, or Brave to browse the web faster and more privately with a blockchain-based browser.

Brave is my current default browser. I usually use Edge whenever I am using Microsoft, even though Brave works just fine on Windows. I definitely like Bing Chat. I just learned that Brave is a blockchain-based browser. I’ll have to drill down and find out what that means. I knew it was secure and privacy oriented. I did not know it was based on blockchain.

Use blockchain-based identity and authentication. Blockchain can help you protect your identity and authenticate yourself online without relying on third-party services or intermediaries. For example, you can use Civic to create and manage your digital identity on a blockchain, or uPort to access various websites and apps with your blockchain-based credentials. You can also use Blockstack to build and use decentralized apps that respect your privacy and data ownership.

Use blockchain-based payments and transfers. Blockchain can help you send and receive money or other assets faster, cheaper and more securely than traditional methods. For example, you can use Bitcoin, Ethereum or other cryptocurrencies to pay or get paid for your work or services online or use Abra to exchange and transfer money across different currencies and platforms. You can also use Bitwage to receive your salary in Bitcoin or use Request Network to create and manage invoices on a blockchain.

Blockchain can help you collaborate and communicate with your colleagues, clients or partners online in a more transparent, efficient and trustworthy way. For example, you can use Colony to create and manage decentralized organizations and projects on a blockchain or use OpenBazaar to buy and sell goods and services on a peer-to-peer marketplace. You can also use Status to chat and share files on a blockchain-based messaging app or use Decent to publish and distribute content on a blockchain-based platform.

Blockchain is a powerful technology that can offer many benefits for your home office. By using blockchain-based apps, platforms, identity, authentication, payments, transfers, collaboration and communication, you can enhance your home office experience and performance. Try some of these blockchain solutions today and see how they can help you work better from home.

Use your blockchain-based technology along with a good password manager like Nordpass. Use Tor and NordVPN for even more secure Internet access. Private property and privacy are universal human rights. Protect your privacy and your private property with blockchain-based technology and crypto-currency and a secure VPN and the Brave browser and search engine.

Photo by Roger Brown from Pexels