Hearing about Bitcoin, people are wondering what it is. Is it Satan’s technology or a fad? Bitcoin is a token, also called a currency created on a blockchain.
A blockchain is a new kind of database stored on a computer it makes bitcoin work.
How does blockchain benefit our people?
One thing created and stored on the blockchain is self-sovereign identification. Self-sovereign identification allows you to control who sees your identifying information.
Removing or changing the information is impossible. Updating the information is the only option. https://decentralized-id.com/literature/self-sovereign-identity/
It can allow you to create smart contracts. Smart contracts are self-executing contracts with the terms written in the contract.
You can create a smart contract that executes Israelite law. As a result, making it impossible to change. An example is a no-interest loan and the year of release from the loan, which is every seventh year.
Above I wrote about bitcoin also seen as a currency on the blockchain. A currency in Israelite law can be what works for the historical period as long as it has just weights or just measures.
Hebrew Israelites can create a currency in the same way as bitcoin today. As long as we don’t break the laws of the nation we live in.
Conclusion
There are always opportunities to practice YAH’s laws and commandments. It is not an accident the Most High has given us technology as well as opportunity. We should take advantage of it.
What do you think about blockchain?
