Hi Reaper,
The encryption that blockchain uses is distributed over many servers in different geo-locations, simultaneously. In other words, it means a “bad guy” would need to “hack” the entire chain of servers that are encrypting data, simultaneously. Essentially, it’s mathematically impossible to do given the (basically) infinite number of combinations an encryption key can have. Couple that with the key being distributed over many servers (not just one server), it’s impossible to break the blockchain with today’s know “hacking tools”.
Given that this world is quickly turning into an environment where we’re working remotely and are relying on information technologies and the IoT, exponentially, blockchain is going to ride that wave. It was already becoming the “goal” for all businesses to to reach in terms of IT security, but the demand to secure systems has only been accelerated with the pandemic (and how that has changed the ways we operate). More people working remotely equals more people using VPN technology to access their work. More people on VPN equals more potential holes for bad guys to compromise businesses. Blockchain will be paramount in mitigating that risk.
Clear as mud? All IMO, of course.
On another note, I had my birthday recently. Got to have a couple of my good friends over and we sat in my backyard, had a couple of beers and ate ice cream cake. It was the little bit of normalcy that I needed.
