NOTICE: As a security token, offerings of USPC must comply with US Federal securities laws.

Why is the blockchain important?

Wondering why the blockchain is such an important innovation? This article will explain some of the key benefits of the blockchain.

Due to the rapid increase in the popularity and discussion surrounding blockchain technology, many people have begun questioning its importance and overall impact within the space of digital payments, as well as outside of it.

If you are wondering why the blockchain has been such an important innovation on a global scale, we will go over many of the benefits it provides and why it’s worth your attention going forward. Let’s dive in.

The Main Benefits of Blockchain Technology

To truly understand why blockchain is so important, we first need to look at the key benefits surrounding blockchain technology.

The blockchain is an immutable public ledger, and what this means is that any transaction that gets recorded on top of it cannot be modified in any way, ensuring trust and transparency.

Furthermore, the blockchain has complex cryptographic encryption mechanisms, which means that it is always secure.

Any transactions that occur on top of the blockchain are completed quickly, and the ledger then gets automatically updated. There is no intermediary or third party that controls the party, which means that it is fully decentralized and cannot ban or censor specific users from it at will. The authenticity of each transaction gets verified by the participants within the blockchain through a variety of different consensus mechanisms used across numerous networks. These are just some of the main benefits of blockchain technology, and how that we learn more about them, we can move on to its overall importance.

The Importance of Blockchain Technology

There are numerous ways through which blockchain technology has influenced the way we think about finance.

Transactions that occur through the usage of centralized solutions that require a third-party intermediary are typically slow and have a hefty fee associated with them. On the blockchain side of things, there is a transaction fee or a “gas” fee that needs to be paid for the transaction to occur, but this typically is far less than the fees experienced in traditional systems.

Additionally, the blockchain never sleeps. This means that anyone can make a transaction from any part of the world to any other part of the world at any point in time.

All the two participants that are a part of the transaction need to have cryptocurrency wallets, which feature public and a private keys.

The public key is essentially similar to their email address, an address where the sender can send the cryptocurrency, while their private key is their password, through which they can both confirm any transaction and access their cryptocurrency balance.

This means that, unlike traditional systems, nobody has control over your password. Only you, the user, know your password.

However, this is a double-edged sword, as in centralized systems, you can click on a “Forgot Password” button or get the support staff to recover your account, while within non-custodial wallets, ones where only you have access to your password if you end up losing or forgetting it, it can be gone forever.

It is clear, however, that the important aspect of blockchain technology, in this case, is the fact that it brings full control to the users, where they do not have to worry about getting locked from their account by the bank or have to worry about another, the third party having the ability to at any point in time access their balance.

The Industries Blockchain Technology Has Disrupted

There are numerous industries that the blockchain has begun to disrupt and which it will disrupt in the future.

For example, in the banking sector, after blockchain technology was implemented, we gained access to instant and borderless payments on a global scale. Cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH), for example, completely removed any requirements to have a third party perform these transactions.

Then there’s cyber security, where the blockchain can identify malicious attacks quickly due to the peer-to-peer (P2P) connections, where the data cannot be tampered with. Each piece of data gets stored on the blockchain network and is verified as well as encrypted through the usage of a cryptographic algorithm.

Blockchain technology has also found its way into supply chain management, where the blockchain can record the history, timestamps, and date of products, and each transaction can then get recorded within a block.

This means that anyone can verify when, where, and by whom the products were transferred.

The fundamental aspects of a blockchain network include public distributed ledgers, encryption, the consensus algorithms they use, such as Proof-of-Work (PoW) and Proof-of-Stake (PoS), and the overall utility each cryptocurrency has.

The more utility a token has, the more value and desirability it will have as a result of this. The blockchain is important due to the fact that it has fundamentally shifted the way we think about digital money, as well as storing data in a decentralized way, all of which have contributed to quicker, cheaper, and more efficient workflows in a wide range of industries.

Necessary Disclosures
Informational Purposes for Discussion Only

This general analysis is for general informational purposes only and does not constitute a prospectus, an offer document, an offer of securities, a solicitation for investment, or any offer to sell any product, item, or asset (whether digital or otherwise). The information set out in this general analysis is for community discussion only and is not legally binding.

No Responsibility or Obligation Regarding the Provision or Maintenance of Information

USPC and its affiliated persons and their respective shareholders, members, officers, directors, managers, employees, counsel, advisors, consultants, and agents (“Representatives”) reserve the right, in their sole and absolute discretion with or without notice, to alter any and all of the information of this general analysis.

You acknowledge that: (1) the information contained in this general analysis is subject to change without notice, and no one shall assume from the lack of any updates to this general analysis that the contents of this general analysis have not changed since the date of this general analysis; (2) this general analysis could become outdated due to changing circumstances; and (3) USPC or any of its Representatives does not hereby obligate itself in any manner to periodically or otherwise to update the information in this general analysis or to maintain the availability of any information in this general analysis.

No Advice

Nothing in this general analysis constitutes business, finance, legal, or tax advice. You agree to consult professional advisers before engaging in any activity related to the information provided in this general analysis.

Not an Offer for Any Securities or Investment

This general analysis does not constitute an offer of securities, a prospectus, an offer document, or solicitation for an investment of any kind. Information contained in this general analysis is not an offer to sell securities or the solicitation of an offer to buy securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.

You acknowledge that: (1) this general analysis and the information shown herein is not an offering of any securities nor a solicitation of an offer to buy any securities and (2) this general analysis and the information herein shall not be construed as any description of the business of USPC or any of its Representatives in conjunction with any offering of securities.

Nothing Legally Binding

This general analysis does not constitute or imply a contract or an offer to enter into a contract. This general analysis is provided solely for informational purposes only and does not constitute any binding commitment by USPC or any of its Representatives. No person is bound to enter into any contract or binding legal commitment in relation to anything in this general analysis.

No Liability, No Representation and Warranty Regarding Information

Neither USPC or nor any of its Representatives shall be held liable for any use of or reliance on the information described and/or contained on this general analysis. USPC and its Representatives do not and do not purport to make, and hereby disclaims, all representations, warranties or undertaking to any entity or person (including without limitation warranties as to the accuracy, completeness, timeliness, or reliability of the contents of this general analysis, or any other materials published by USPC or its Representatives). To the maximum extent permitted by law, USPC and its Representatives shall not be liable for any indirect, indirect, special, exemplary, incidental, consequential, or other damages or losses of any kind, however caused and on any theory of liability, whether in contract, strict liability, or tort (including, without limitation, any liability arising from default or gross negligence on the part of any of them, or any loss of revenue, income or profits, and loss of use or data) arising in any way from the reading of this general analysis, including but not limited to the reliance upon or the use of the general analysis (including, without limitation, inaccurate information, errors, omissions, outdated data, etc.) or otherwise arising in connection with the same.

No person has been authorized by USPC or any of its Representatives to give any information or make any representation or warranty regarding the subject matter hereof, either express or implied, and, if given or made in this general analysis, in other materials or verbally, such information, representation or warranty cannot and should not be relied upon nor is any representation or warranty made as to the accuracy, content, suitability or completeness of the information, analysis or conclusions or any information furnished in connection herewith contained in this general analysis and it is not to be relied upon as a substitute for independent review of the underlying documents, available due diligence information and such other information as you may deem appropriate or prudent to review. USPC and its Representatives expressly disclaim any and all liability for express or implied representations or warranties that may be contained in, or for omissions from or inaccuracies in, this general analysis or any other oral or written communication transmitted or made available to you.

Any historical information or information based on past performance included herein is for informational purposes only and has inherent limitations and is not intended to be a representation, warranty, or guarantee of future performance. Projected performance data shown constitutes “forward-looking information” which is based on numerous assumptions and is speculative in nature. Actual results may vary significantly from the values and rates of return projected herein.

Your Responsibility to Verify Information

You will have the sole responsibility for verifying the accuracy of all information furnished in this general analysis. There shall be no recourse against USPC and its Representatives in the event of any errors or omissions in the information furnished, the methodology used, the calculations of values or conclusions.

No Affiliation

USPC or its Representatives does not imply any affiliation with, or endorsement by, any third party. Such references in this general analysis are for illustrative purposes only.

Regulatory Approval

No regulatory authority has examined or approved, whether formally or informally, of any of the information set out in this general analysis. No such action or assurance has been or will be taken under the laws, regulatory requirements, or rules of any jurisdiction.

Legal Compliance

You will and shall at your own expense ensure compliance with all laws, regulatory requirements and restrictions applicable to you.

Join The Waitlist

USPC is slated to launch in late November, 2022, and we’re currently building our waiting list for early supporters who want to get in on the action.

Play Video