Quote from: shade jenn on August 08, 2018, 09:32:15 AM

Quote from: rdangi on August 08, 2018, 08:01:56 AM

How will you explain blockchain concept to a non techie

Hope this simple explain, could help you to explain the others.

Blockchain is one technology that does not use third parties in the data exchange process or in the transaction process.
as like if you buy something in the store by using a debit card, the third parties here are banks that connecting the buyers and sellers in the transaction using the debit card. But in the bitcoin, seller and buyer can be directly connected without third parties assistance.

In addition, because of this, the term "decentralized" can be paired with it, since no one owns and controlls the system. Other than decentralized, it's transparency is also one of its main characteristics to look at, every transaction made can be seen and tracked with blockchain. But the thing is, it's still anonymous so it's kind of contradicting.