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What are the benefits of using a Blockchain?

Blockchain technology is a natural evolution of the mass-connected Internet technology, as a means to clean up any current tendencies for the Internet’s malevolent use which, as it is now, enable corruption, misrepresentation and personal surveillance.

anything that is otherwise manipulatable
becomes exact and less so. Such is the
Truthsayer-like, cheat-proof attribute of 
the Blockchain. 

There are several benefits of using the Blockchain, but from a very high level, using the Blockchain to store and reference data of all sorts of things, including but not limited to:

·    personal records (biographical, health data, financial) and detection of any unauthorized attempts at surveilling/capturing/reselling that personal data;

·    financial records and transactions (as
in online credit card purchases and crypto currencies);

·    educational content authentication, delivery, interaction, record storing and grading;

·    campaign management of all kinds;

·    online voting (elections and policies);

·    news media article/report authentication, agenda detection and truth tracking;

·    health care (integration of western medicine with other traditional remedies to facilitate medical procedure cause/effect treatment documentation, validation, statistical revelation, searchable storage;

·    economics;

·    artistic expressions; and

·    climate monitoring;

Blockchain management of the above topics are assured of being private and anonymous (through encrypted and large unique alpha-numeric identifiers), yet transparent as in what, when and where they were first posted and subsequently updated. This causes a record
validation process that is immutable (not changeable), irrefutable (can’t deny
the authenticity of the record), and absolute and not duplicatable (unique – yet
anonymously attached) to the individual who posted it.

Simultaneously, participation in the Blockchain process requires consensus, a voting like
process where you either agree or disagree, depending either on the weight of
your coin account, or as the smart contract rules for your participation
otherwise accommodate.  In this manner, a rock star, presidential candidate, or even a news reporter, for example, attains over time an Exact vote of confidence by his/her fans, and the lack thereof by his/her distractors.  An exact position of his/her agenda, biases, outlook and behavior style is derivable and plottable.  Similarly, anything that is otherwise manipulatable becomes exact. Such is the Truthsayer-like, cheat-proof attribute of the blockchain.

Blockchain technology is a natural evolution of the mass-connected Internet technology as a means to clean up any current tendencies for its malevolent use which, as it is now,
enable corruption, misrepresentation and personal surveillance.

Related work

What is a Blockchain?

A blockchain,[1][2][3] originally block chain,[4][5] is a growing list of records, called blocks, that are linked using cryptography.[1][6] Each block contains a cryptographic hash of the previous block,[6] a timestamp, and transaction data (generally represented as a Merkle tree).

By design, a blockchain is resistant to modification of the data. It is “an open, distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way”.[7] For use as a distributed ledger, a blockchain is typically managed by a peer-to-peer network collectively adhering to a protocol for inter-node communication and validating new blocks. Once recorded, the data in any given block cannot be altered retroactively without alteration of all subsequent blocks, which requires consensus of the network majority. Although blockchain records are not unalterable, blockchains may be considered secure by design and exemplify a distributed computing system with high Byzantine fault tolerance. Decentralized consensus has therefore been claimed with a blockchain.[8]

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What is the unique, value-added proposition for SecureX?

When combined, the dual business cases, the depth and future opportunities of the domains, and the currently hot markets for a foreign IEO are the unique value adds of this opportunity.

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What is the Ethereum Blockchain?

Ethereum is an open source, public, blockchain-based distributed computing platform and operating system featuring smart contract (scripting) functionality. It supports a modified version of Nakamoto consensus via transaction-based state transitions.

Ether is the cryptocurrency generated by the Ethereum platform as a reward to mining nodes for computations performed and is the only currency accepted in the payment of transaction fees.[1]

Ethereum provides a decentralized virtual machine, the Ethereum Virtual Machine (EVM), which can execute scripts using an international network of public nodes.[2] The virtual machine’s instruction set, in contrast to others like Bitcoin Script, is Turing-complete. “Gas”, an internal transaction pricing mechanism, is used to mitigate spam and allocate resources on the network.[2]

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