"blockchain" can be the key technology of low cost EC ?

"bitcoin" and "Blochkchain system".

Bitcoin is the one of famoust virtual currencies and the virtual currencies is drawing a lot of people's attention in the world. "Blockchain system" is supporting system of bitcoin and many engineers focus on this will be the "key system" for future EC. We can know the trend how blockchain is "hot" now.

The blockchain is the system of share the ledger of transaction. Maybe, Tt is difficult for you to image it. So, Please image this is the game of "broken telephone". I think you played this game when you are young.

First person said "Apple" to second person by whisper.

Second person said "Apple" "Orange" to third person by whisper.

Third person said "Apple" "Orange" "Pineapple" to last person by whisper

If the last person can say "Apple" "Orange" "Pineapple" They are the winner.

Like above rule Blockchain system keep history of the past transaction result in all transaction of everybody. Everybody have same history of transaction. So If someone did the tamper of the data history of past transaction will be broken and it will not be same as the history of transaction which other people has. ThenThey can not finish the transaction. That's why it is difficult to tamper the transaction.

But,My explanation is very "rough". You can see the detail in below URL.

https://www.linkedin.com/pulse/blockchain-puts-iot-steroids-boby-joseph

I am now studying the blockchain system. This system is very useful for the transaction of E-commerce system and some of the EC platform such as EC-CUBE already started the research about this system.

I really interested in this system how it will make big impact for EC business. This system will down the burden of the server access and it mean the "cost down". If we can decrease the cost of server.We can invest this budget for other things such as PR or service improvement. Then, End-user might be received the more good benefit from EC owner.

I think the presence of "Blockchain" will be more important for all system engineers and programmers.