Blockchain, as more and more people are finding out, is a ledger system for keeping records. More specifically, blockchain is an open (i.e. public, not held inside one company, unless it’s a private blockchain) distributed (it exists on many computers) immutable (it can not be altered, in theoretical terms, although it can be reverse-engineered and compromised to degrees) and permanent (needs no explanation) ledger system to record transactions between two parties.
Built initially as the underpinning foundation for Bitcoin and other cryptocurrencies, blockchain has since been applied to other use transaction-focused use cases.
What is a blockchain Operating System?
So if blockchain is blockchain and your computer, tablet and smartphone has an Operating System (OS) such as Windows, Apple OS X or iOS, Linux or Android… then what is a blockchain Operating System?
Actually the question should be: what is mobile blockchain-enabled virtual Operating System? First emerging for smartphones (hence the mobile prefix), a blockchain-enabled virtual operating system is one that gives the mobile device the ability to combine communication and commerce in a single unified platform. The ‘virtual’ aspect meaning that the intelligent stuff happens back in the cloud datacenter, not on the device itself per se.
The emergence of this newly unified technology proposition means that, in the theory at least, users can start engaging with blockchain-based services on smartphones with security and privacy already locked down.