August 15, 2017
SSAYE for Smart Living
So what is Blockchain, and what is the best way to describe it and how SSAYE is using it?
If you recall the good old days, do you remember checking out a book at the library, and while you do that your name was put in the book on a card catalogue with a time stamp? The goal there was that if you damage the book somehow, everybody will know who did it. Blockchain is something similar to keep track of transactions in a secured way, except it's used for many other purposes including digital currency such as Bitcoins. Blockchain is essentially a database that keeps a log of all transactions that were ever verified on the network.
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Goldman Sachs mentions blockchain as The New Technology of Trust

A new technology is redefining the way we transact. If that sounds incredibly far-reaching, that's because it is.

Blockchain has the potential to change the way we buy and sell, interact with government and verify the authenticity of everything from property titles to organic vegetables.

It combines the openness of the internet with the security of cryptography to give everyone a faster, safer way to verify key information and establish trust.

Goldman Sachs to invest $1 billion in India in 3-4 years
Goldman Sachs is currently in the final stages of reviewing two platform deals—one in financial services and the other in quasi-real estate

(Source: Livemint)

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