What Makes Blockchain a Future Promise?

Having understood the types of blockchains and the immutability aspect, does it raise a question about the future implications of blockchains? What makes blockchain an attractive proposition for the business environment in the future? Let’s take a look at Shebin’s views on this.

Interoperability of blockchains is one of the key features by which two different networks can communicate with each other. Having such mechanisms in place will ensure the globalization of blockchain networks across the globe. Since there will be consistency in data being shared across platforms, there can exist a possibility of setting up a truly global network.
 

Along with global reach, a key feature of blockchain is in ensuring trustlessness. Trustlessness does not imply that the network is not worthy of trust, but merely states that any individual or entity can rely on the network and trust the network of participants to take care of the trust aspects. Trustlessness merely implies a mechanism that achieves a consensus on the common version of the truth without relying on any intermediaries.