A Post-COVID World Powered By Blockchain Technology - page 2.

Eternad

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Quote from: meanwords on November 11, 2020, 12:25:37 AM

We really can't deny the the digital world really played an active role during this pandemic times. People saw the potential of digital currency and business further and I can see that maybe, this pandemic really is one of the catalyst that will make cryptocurrency spread to people. We can't deny that big companies and personalities are getting bullish on Bitcoin now so we might see something positive after Post-COVID.

Agreed but still those digital fiat payment are putting blockchain technology into the limelight because people are still using the traditional digital payment most of the time still only few are adopting especially on the 3rd world country that didn't concern much about there privacy.

The best example are online shopping, Most the online shop don't accept BTC or other crypto directly, most of them are still using 3rd party service to convert bitcoin into digital fiat.

Tushar Ramani

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The very first revolutionised by blockchain technology will be Banking, I think. That has to be done as well to cut out intermediaries. Singapore's biggest and multinational bank - DCB has taken a step ahead and every bank will join eventually. (https://morningtick.com/2020/10/27/singapores-dbs-bank-plans-to-launch-a-crypto-exchange/) Adoption in other sectors is a bit hard but the banking sector is something that can push major sectors including health, eCommerce etc.

meanwords

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We really can't deny the the digital world really played an active role during this pandemic times. People saw the potential of digital currency and business further and I can see that maybe, this pandemic really is one of the catalyst that will make cryptocurrency spread to people. We can't deny that big companies and personalities are getting bullish on Bitcoin now so we might see something positive after Post-COVID.

Eco_111

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CBDC is the only digital currency that will make this happen, other top coins and Bitcoin will be there too but do you know how many projects are build for payment solution that end up in the dust bin? New crypto projects aren't encouraging at all, if mass adoption is going to take place it will be because of old coins like BTC, ETH, LTC etc

yazher

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Quote from: Abiky on November 09, 2020, 09:49:04 PM

What impact will Blockchain technology have after the demise of COVID-19? Will everything be automated without middleman? Will people resort to physical cash once more or adapt to the new monetary system powered by CBDCs? Or is it still too early to tell? With how successful crypto and Blockchain technology have been since their inception, it's likely our world will adopt Blockchain technology to the fullest.

Thoughts? Huh

We can say this will happen only in the cities while those who are living in remote areas don't prepare this kind of automated payment without the involvement of physical cash. until most of the rural areas are developed we won't really go to such eras when everything is automated except Japan where they advance with their technologies obviously and other countries that have some unique technology development than the others.

noorman0

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Quote from: Abiky on November 09, 2020, 09:49:04 PM

_snip_
Or is it still too early to tell? With how successful crypto and Blockchain technology have been since their inception, it's likely our world will adopt Blockchain technology to the fullest.

Thoughts? Huh

Yes, it's too early. Not all sectors of the economy can be digitized quickly, say until COVID19 ends. Even in agricultural countries you can find many physical jobs and traditional trades that do not allow digital payment methods. At least we have to wait until all the world's population is a "digital generation".

Remote work has indeed started to thrive since crypto was introduced. This pandemic phenomenon has only contributed to the growth of new entrants to the digital economy.

bussybuddy

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Quote from: Abiky on November 09, 2020, 09:49:04 PM

Have you ever wondered what our world will look like after the demise of COVID-19? As we enter an era where the mainstream economy becomes "digitized", Blockchain technology will be at the forefront of innovation. From keeping track of the supply chain, to proving ownership, Blockchain will be finally integrated in our daily lives. Already, we're seeing a boom in demand for decentralized cryptocurrencies. Banks have announced they'll launch CBDCs of their own, enabling a truly cashless society in the not-so-distant future.

On the other hand, more companies are beginning to offer remote jobs as a means to prevent mass infections of COVID-19. Doctors are even recurring to "telemedicine" at a fast pace. With how quickly the world is evolving, it seems to me that we're heading into a digital era never before experienced in our lives.

What impact will Blockchain technology have after the demise of COVID-19? Will everything be automated without middleman? Will people resort to physical cash once more or adapt to the new monetary system powered by CBDCs? Or is it still too early to tell? With how successful crypto and Blockchain technology have been since their inception, it's likely our world will adopt Blockchain technology to the fullest.

Thoughts? Huh

I have thought about this many times, the Covid pandemic has affected the lives of people in the world and sadly it is still going on and cannot be stopped. It gets all the work delayed and we have to work online and I see this may be the moment when we completely change everything, technology is very important and here blockchain will be embraced with many services. developing more. And that could require a big change for this school, as you mentioned the CBDC, which I see will be key for countries to access cryptocurrency.

hd49728

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Quote from: Abiky on November 09, 2020, 09:49:04 PM

On the other hand, more companies are beginning to offer remote jobs as a means to prevent mass infections of COVID-19. Doctors are even recurring to "telemedicine" at a fast pace. With how quickly the world is evolving, it seems to me that we're heading into a digital era never before experienced in our lives.

The pandemic and social distancing bring the world to another stage and increase the speed of evolution. Some industries have changed their human resource management and their companies changed from physical offices (with fixed and high expenses) to remote and virtual offices and save more fees for companies' operational activities. It is better than before the pandemic.

Quote

What impact will Blockchain technology have after the demise of COVID-19? Will everything be automated without middleman? Will people resort to physical cash once more or adapt to the new monetary system powered by CBDCs? Or is it still too early to tell? With how successful crypto and Blockchain technology have been since their inception, it's likely our world will adopt Blockchain technology to the fullest.

This is a different story. The world talked about the evolution and changes from blockchain, bitcoin, crypto in 2017 and we had many new projects were born (with ICO) and claimed that they will change the world. Most of those promising projects failed and dead. The pandemic gives scammers another period to hype their scam projects.

In the future, the world will be changed much more by blockchain technology but at the moment if anyone tells you about that, don't believe is better.

Abiky

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Have you ever wondered what our world will look like after the demise of COVID-19? As we enter an era where the mainstream economy becomes "digitized", Blockchain technology will be at the forefront of innovation. From keeping track of the supply chain, to proving ownership, Blockchain will be finally integrated in our daily lives. Already, we're seeing a boom in demand for decentralized cryptocurrencies. Banks have announced they'll launch CBDCs of their own, enabling a truly cashless society in the not-so-distant future.

On the other hand, more companies are beginning to offer remote jobs as a means to prevent mass infections of COVID-19. Doctors are even recurring to "telemedicine" at a fast pace. With how quickly the world is evolving, it seems to me that we're heading into a digital era never before experienced in our lives.

What impact will Blockchain technology have after the demise of COVID-19? Will everything be automated without middleman? Will people resort to physical cash once more or adapt to the new monetary system powered by CBDCs? Or is it still too early to tell? With how successful crypto and Blockchain technology have been since their inception, it's likely our world will adopt Blockchain technology to the fullest.

Thoughts? Huh

Topic: A Post-COVID World Powered By Blockchain Technology - page 2. (Read 207 times)