Are Blockchain Projects in Northeast Asia can change the economy?

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Quote from: imstillthebest on August 03, 2019, 01:03:24 AM

only on north east asia ? Whats so special about them ? . blockchain technology and cryptocurrencies are already changing the economy at its best but only for those who allow the use of them . those country that bans crypto and blockchain wont feel those benifits . too bad for them

In addition to those technology and payment method , a certain country can excel more if they can create a new projects under the blockhain tech and with the help of cryptos like mentioned on the op .

Simply, it seems that this region is seriously ready to use it almost everywhere. There is no such great movement in this area even in the USA. For instance, South Korea has a friendly policy regarding the development of blockchain technologies, and there are a large number of crypto service users in the country.
The openness of the Korean secondary market and the diverse use of digital currencies and blockchain applications have created a good environment for the growth of the industry in the country.

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Quote from: sana54210 on August 12, 2019, 08:16:09 AM

It is a gradual process, there is nobody that is not flexible to changes, even the government also. Look at Facebook, who would have ever imagine that they could turn around and start supporting cryptocurrency.

Lets not even start to talk about FB. It the biggest cancer in the world today and most other social media, leaving out the IM applications though. Its owner knows that data is what needs to be collected and you can whiff away your privacy with being on FB. Kids everyday are uploading stuff they dont even know about and its harming them in more than ways they can know at this point of age. With crypto becoming their weapon they will try their methods to take over the market which is why I hope governments stop the development of its shitcoin.

This is not healthy growth in crypto. Multinational companies coming in only makes it worse.

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Quote from: TheUltraElite on August 10, 2019, 03:07:37 AM

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This situation is rather complicated when governments will still advocate banning cryptocurrencies in their countries, but at the same time adapting the blockchain to their state systems.

I dont think that is possible because once a government stance is developed they are not going to change it. Moreover if they are not pro-crypto they are probably looking to keep the ledgers of all transactions private. This is always a problem with governments be it any other part of the world or specifically Northeast Asia.

I have been watching some new exchanges that came up there with trade mining as their new buzzword like Fcoin and nexybit. Both of them sold away their companies and turned their back to investors who came in to join the trade mining dividends - scammed off their entire investment. Hence the chance of government support is also very low in such projects.

It is a gradual process, there is nobody that is not flexible to changes, even the government also. Look at Facebook, who would have ever imagine that they could turn around and start supporting cryptocurrency.

Let us also take a look at china, prior to the last new I heard of them, the news that was all over the internet then was that they would ban cryptocurrency miners, in which a date was even picked for it, but suddenly, there was silence over it and the last news I heard of them was that they are planning on creating their own cryptocurrency. Bitcoin has gone to deep fir any government to fight it real hard, and the best they can just do right now is to look for a way to take control of it which some countries are already doing so .

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Quote from: eaLiTy on July 29, 2019, 03:48:36 AM

Quote from: pana72 on July 15, 2019, 12:01:33 AM

Link Project, ICON Project, Klaytn in Japan and South Korea are starting their business. How these projects can change the local economy? Carry protocol and Contents protocol can be a good example for this.

All the projects are there to simplify things and if the projects could really make a difference to the society it will have an implication on the economy as well. There are many projects coming up but only time will tell whether these projects will be successful as they intended to be as we have seen many promising projects that came and just could not fulfill what they started and died off eventually. So it is hard to predict until we have results.

There are really good projects that intend to change the old system.
However, the usual struggle is in the implementation side.
You will see and read well-written whitepapers with elaborate plans, but very few items are being realized later on.
Hindrances like funds, number of consumers or the dev team themselves play major role for the success of the platform.

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Quote from: ?? on ??

This situation is rather complicated when governments will still advocate banning cryptocurrencies in their countries, but at the same time adapting the blockchain to their state systems.

I dont think that is possible because once a government stance is developed they are not going to change it. Moreover if they are not pro-crypto they are probably looking to keep the ledgers of all transactions private. This is always a problem with governments be it any other part of the world or specifically Northeast Asia.

I have been watching some new exchanges that came up there with trade mining as their new buzzword like Fcoin and nexybit. Both of them sold away their companies and turned their back to investors who came in to join the trade mining dividends - scammed off their entire investment. Hence the chance of government support is also very low in such projects.

imstillthebest

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only on north east asia ? Whats so special about them ? . blockchain technology and cryptocurrencies are already changing the economy at its best but only for those who allow the use of them . those country that bans crypto and blockchain wont feel those benifits . too bad for them

In addition to those technology and payment method , a certain country can excel more if they can create a new projects under the blockhain tech and with the help of cryptos like mentioned on the op .

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Quote from: pana72 on July 15, 2019, 12:01:33 AM

Link Project, ICON Project, Klaytn in Japan and South Korea are starting their business. How these projects can change the local economy? Carry protocol and Contents protocol can be a good example for this.

If the country accepts cryptocurrency, I think the blockchain project can change the economy in that country because people can use the project for their lives. People will try to integrate with the projects although we cannot see many of the projects have already integrated with the system in real life, in the future, I think if it's a success to join with the system, it could give a good impact to the economy of the country. We need to see the progress as it will not happen in a short time because there are a lot of things that need to do before it could give a good effect.

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I think that for a project that is created to be able to have any good effect on the economy of any country and to the extent of changing it, it would have to be a huge project is that will draw huge money into the country daily… so it's not just any kind of project that can draw money to the country ,some projects are just worthless and by the way this is not the first time I'm seeing a project on blockchain that seems to be quite interesting but at the end they will be abandoned when there is nothing good coming from it. The devs do this for money, you don't expect them to continue running a project that doesn't bring the money, They have bills to pay and also has to feed,lol…

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Quote from: eaLiTy on July 29, 2019, 03:48:36 AM

Quote from: pana72 on July 15, 2019, 12:01:33 AM

Link Project, ICON Project, Klaytn in Japan and South Korea are starting their business. How these projects can change the local economy? Carry protocol and Contents protocol can be a good example for this.

All the projects are there to simplify things and if the projects could really make a difference to the society it will have an implication on the economy as well. There are many projects coming up but only time will tell whether these projects will be successful as they intended to be as we have seen many promising projects that came and just could not fulfill what they started and died off eventually. So it is hard to predict until we have results.

With the level of some shot projects that we find around now, honestly I am beginning to give up on new projects and just counting on the older ones to take us to that promise land. Most of these new projects that you see dyeing off promised heaven and heart and promised they have a better technology than that of their competitor, those same competitors they talked about are still delivering very quality and solid projects till date while majority of them has already packed up.

I think if we think of encouraging projects, we need to encourage those older projects that re in the market already but finding it hard to survive because of the attention of users that has been stolen from them. I still believe though that a time will come when we will be having more records of projects delivering but now.

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Quote from: fiulpro on July 28, 2019, 09:02:13 AM

The technology there is already so advanced and people never refrain from using the new one's , the government is also so supportive .
I think they would set an amazing example and will see tremendous growth in the economy soon.

What makes you think that they would be willing to take the risk in a new sector or some known blockchain based projects? The current legality of bitcoin although legal in these countries but the picture is pretty tarnished back in US and majority of Asia.

Whether this can be changed in future is still a question. In case if bigger companies start accepting cryptocurrencies then we might see a change in the stance of the governments and then it might be worth seeking out such country people for a pitch. Till then I dont see any reason why any project would be able to get a decent financial support from them. Sad

eaLiTy

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Quote from: pana72 on July 15, 2019, 12:01:33 AM

Link Project, ICON Project, Klaytn in Japan and South Korea are starting their business. How these projects can change the local economy? Carry protocol and Contents protocol can be a good example for this.

All the projects are there to simplify things and if the projects could really make a difference to the society it will have an implication on the economy as well. There are many projects coming up but only time will tell whether these projects will be successful as they intended to be as we have seen many promising projects that came and just could not fulfill what they started and died off eventually. So it is hard to predict until we have results.

fiulpro

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It's not the project it's the people .
Making a project is a different thing and how people are receptive to it is one.
If people are going to be happy about it and invest then it will for sure see an amazing growth.
Also, It's Japan and South Korea we are talking about The technology there is already so advanced and people never refrain from using the new one's , the government is also so supportive .
I think they would set an amazing example and will see tremendous growth in the economy soon.

MidnightWolf

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Of course, if you use the cryptocurrency market correctly and that smart people are engaged in this business, you can earn and replenish the state budget very well, which will definitely bring huge profits for the benefit of the people. But first of all, all state structures and governments should be loyal to cryptocurrency and even at the state level by means of certain laws legalize cryptocurrency business in the territory of their country.

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I think it is going to have an affect and it will definitely have small changes but as a whole nation? I doubt so. I mean the technology is there for sure and I am betting that with time they will start to be used a lot more but even when they get big they won't get big as much as "changing the economy" type big.

In order for a countries economy to get big there needs to be new money coming in and that can happen with attracting money from other nations, that can't happen in bulk via crypto technology just yet, who knows maybe in 10-20 years it could but for now they are just small time things that won't have too much affect. It can help with taxing a bit maybe by using the blockchain technology and following everyone's money and taxing them accordingly to avoid tax evasion but that is about it.

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The use of blockchain technology helps the growth of economy generally depending on where it is applied to. Japan has been one great supporter of blockchain technology and cryptocurrency because they have probably applied it to so many areas where they have seen the effect of it.

One of the thing that usually slow down the growth of economy is too much involvement of third part, and this is one of the thing that blockchain has come to eliminate, with blockchain, the government can directly perform some certain functions without having to involve third party that usually cost them fortune to maintain. There is also going to be transparency in the economy as people will no longer be able to direct participate on a corrupt practices that kills economy.

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Quote from: pana72 on July 15, 2019, 12:01:33 AM

Link Project, ICON Project, Klaytn in Japan and South Korea are starting their business. How these projects can change the local economy? Carry protocol and Contents protocol can be a good example for this.

Japan, South Korea or even Singapore is already progressive nation in Asia already. So I don't see it how blockchain projects can impact their economy, the positive thing though is that they are fully aware how crypto/blockchain is the new revolution so even their financial standing is so good, they still deal themselves with the latest technology.

Maybe what should be looking are the developing countries in South East Asia, Malaysia, Thailand, Indonesia, Philippines. This nation should step up try to increase their awareness with this technology (if they hadn't done so) because this is a game changer. It might take years for this nation to accomplished what Japan or South Korea did, but at least they can create a positive direction for their country with this technology and possibility improved their economic standings.

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Quote from: barbara44 on July 23, 2019, 11:21:22 AM

Will a simple sql database operate what blockchain is able to operate, would a simple sql database eliminate third party involvement in transactions?

No, if about 3rd party removal, only permissionless POW blockchain will do the job.

Quote from: barbara44 on July 23, 2019, 11:21:22 AM

Blockchain might be expensive at the development stage, but what of in the long run, the fee we pay for blockchain transaction can still not be compared to what we pay in the traditional banks.

This reason might be correct in the past; however, at the moment, bank transactions are practically free (except for international transfer).

My point is while Bitcoin project is real and have use case (permissionless, open, borderless, non-debased, etc.), the use case of these "blockchain projects" may or may not be existed. Thus, the idea if this hypothetical project could affect NE Asia economy is still improbable.

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Locally?
Japan dont need it. Their economy is way better than most countries all over the world and so does Korea.

Maybe worldwide it could change something. Japan already accepted bitcoin and South Korea might be on its way too.
They might have banned a lot of ICOs and exchange but being one of the largest economy in crypto currency it would be better to just accept bitcoin no matter what.

darklus123

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Every startup projects can really have good impact to its local economy especially if it will succeed. Japan to be exact as an example we know how the Japanese economy has been struggling from their all time peak for decades.

But within the past years after Japan started to make decent amounts of crypto related projects slowly they are again overcoming the challenges and if this will continue Japan might not just be able to reach their all time high during earl 80's but they might overcome it as well.

timerland

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Japan, South Korea, and Singapore are probably the biggest hubs for cryptocurrency-based operations, and it's very fair say that Asia is the biggest and most active market in crypto. Most companies all have offices or are based in Singapore, for example, Binance. There's also been a large number of conventions and events held in Singapore, with the rest usually being based in Malta.

Not surprising at all, Japan and South Korea are probably the most technologically advanced countries in the world, and they've always been to adapt to new technology.

I'd also like to add if you look at businesses in those countries, they've been way more accepting of crypto as a payment option, and this is all helped by their favorable government.

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Quote from: tansaneehongkao on July 23, 2019, 07:57:00 AM

Its depend on the country, if blockchain technology will be adopted here in Thailand, i doubt if it will grow our economy since the corruption in this country is endemic

Any underdevelop country are prone to corruption and yes you are right blockchain project might not help to grow your country's economy since the government itself needs to fix first. But with the help of cryptocurrency, people might start to change their economy unless of course, they have to stop supporting corruption in their own country.

Anyway, if your government didn't ban any cryptocurrency in your country then you still have a chance to make a change it but it does require a lot of people power to change your whole country.

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Quote from: microsurfer on July 23, 2019, 08:33:25 AM

i dont think that any new blockchain proejct can really change economyo f the country

Postive mindset is everything. It's one step at a time.
Even if the blockchain projects OP listed didn't make impact immediately, it might in the long run.
It may serve as the exposure that is needed to bridge the gap of unawareness.

Many are unaware of blockchain and its importance and hopefully other businesses can emulate them too. Will the use of blockchain in that state be welcomed should be the major concern here.

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Quote from: slaman29 on July 22, 2019, 01:55:13 AM

Quote from: CryptoBry on July 21, 2019, 09:40:51 PM

The global economy is now transitioning into the world of digital and these projects you are mentioning here are pioneering on this aspect. The impact of these projects for the economy of the countries where they are based can be felt in years to come and with this trend going stronger we should be expecting more and more players in this field. Just in the Industrial Revolution, we are now in the true Digital Revolution with the blockchain technology and cryptocurrency changing the face of many industries. The influence of new technologies and protocols will be changing the very fabric of the economy and even the society in general.

I wouldn't say we're in the true digital revolution until the whole world is able to benefit from this digital access. True, now mobile phone technology is almost in reach for everyone, but the poorest people still do not have education. what's the use of access to internet for example if you can't even read?

This is the step everyone has forgotten about, to make things equal first.

I was watching a discovery on the satellite dish one of these days and you could see how many people that we have in an isolated places where they have no access to good roads, good water, technology, network and even schools and I wonder if these same people are in the same world I am, you know it is easy for everyone to judge based on their current status and think the world has so much advanced that lack of education will affect the growth of digital technology, but these number of people are quite much, and if the whole world goes digital, how would those people cope or able to buy and sell, so we are still quite far beyond achieving such dream, and it will take lots and lots of decades before this can be achieved.

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Quote from: mu_enrico on July 20, 2019, 09:01:15 AM

Quote from: bitgolden on July 19, 2019, 07:44:41 AM

blockchain has the ability to eliminate barriers that has made some factors that should affect economy daunted. First thing I know blockchain technology does is to cut cost, it is cheaper to run system using blockchain than the normal traditional method

I don't buy it mate, give me an example of how blockchain technology enables businesses to cut costs? A simple SQL database would cost a lot cheaper than blockchain.

Will a simple sql database operate what blockchain is able to operate, would a simple sql database eliminate third party involvement in transactions? Dig deeper into what the characteristics of blockchain technology is, you would realize that it has 100 percent more functions more than an sql database. Blockchain might be expensive at the development stage, but what of in the long run, the fee we pay for blockchain transaction can still not be compared to what we pay in the traditional banks.

Moreover, If I am to run a project worth 1.5 million dollars, and because of the involvement of thirds party, it increased it to 2 million dollars, has blockchain that is designed to eliminate third party not assisted in saving me $500,000, even if I have to pay 5 percent fee on it which I even know that blockchain fee can never be up to that.

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In general, blockchain technology is felt to have a very positive impact, but we have not found the development of this technology directly proportional to the growth of the local economy. This happened because of a lack of knowledge of citizens about the use of this technology so that now more developers are holding various discussions about new technologies about this economy before they can all apply this blockchain technology.

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Yes, Asians are really having really great projects and they are working together to create a big push and will start developing and expanding the blockchain service to the world.
Content Protocol takes time to develop, Koreans will soon make it a big business.
I really like blockchain projects in Asia, they really do very well and keep their promises.

microsurfer

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i dont think that any new blockchain proejct can really change economyo f the country

tansaneehongkao

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Its depend on the country, if blockchain technology will be adopted here in Thailand, i doubt if it will grow our economy since the corruption in this country is endemic

bitcoinposts

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Most of the projects coming in North East Asia Like Korea are changing the crypto currency economy all together .ICON is the best example for best blockchain development coin

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Can it change the economy in a macro sense? I doubt so but it could totally change a few peoples lives that is for sure. If you are interested in these projects and find kindred spirits that are also interested than you can create your own sort of barter system whereas many people will still not use it.

However, that doesn't mean its limited, the number of users could grow constantly as long as the project managers and owners keep working on it. That is literally why bitcoin is so loved and number one at all times, even though there are ups and downs in user numbers the general audience of bitcoin always grows, more and more people know about bitcoin and more people start to use it as well. Hence if those things keep growing it can have affect on many people.

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Quote from: CryptoBry on July 21, 2019, 09:40:51 PM

Quote from: pana72 on July 15, 2019, 12:01:33 AM

Link Project, ICON Project, Klaytn in Japan and South Korea are starting their business. How these projects can change the local economy? Carry protocol and Contents protocol can be a good example for this.

The global economy is now transitioning into the world of digital and these projects you are mentioning here are pioneering on this aspect. The impact of these projects for the economy of the countries where they are based can be felt in years to come and with this trend going stronger we should be expecting more and more players in this field. Just in the Industrial Revolution, we are now in the true Digital Revolution with the blockchain technology and cryptocurrency changing the face of many industries. The influence of new technologies and protocols will be changing the very fabric of the economy and even the society in general.

I wouldn't say we're in the true digital revolution until the whole world is able to benefit from this digital access. True, now mobile phone technology is almost in reach for everyone, but the poorest people still do not have education. what's the use of access to internet for example if you can't even read?

This is the step everyone has forgotten about, to make things equal first.

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Quote from: pana72 on July 15, 2019, 12:01:33 AM

Link Project, ICON Project, Klaytn in Japan and South Korea are starting their business. How these projects can change the local economy? Carry protocol and Contents protocol can be a good example for this.

The global economy is now transitioning into the world of digital and these projects you are mentioning here are pioneering on this aspect. The impact of these projects for the economy of the countries where they are based can be felt in years to come and with this trend going stronger we should be expecting more and more players in this field. Just in the Industrial Revolution, we are now in the true Digital Revolution with the blockchain technology and cryptocurrency changing the face of many industries. The influence of new technologies and protocols will be changing the very fabric of the economy and even the society in general.

rafi035

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Now, in the modern era, in my own country, I have developed more about blockchain technology because many industrial zones are in need of technology like this, and like this it can be used in the near future.

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Quote from: pana72 on July 15, 2019, 12:01:33 AM

Link Project, ICON Project, Klaytn in Japan and South Korea are starting their business. How these projects can change the local economy? Carry protocol and Contents protocol can be a good example for this.

Of course if those countries will take advantage of those projects then definitely it can affect their local economy. However, Japan and South Korea are already progressive countries so I don't know if it can put a dent of their economy. We would like to see those kind of projects in Asia wherein the country is on the development phase so that we can really gauge if it can really drastically affect their economic standing.

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Quote from: pana72 on July 15, 2019, 12:01:33 AM

Link Project, ICON Project, Klaytn in Japan and South Korea are starting their business. How these projects can change the local economy? Carry protocol and Contents protocol can be a good example for this.

No,these projects can't change the economy now,because the crypto space is still too small and we are at the very beginning of the crypto revolution.Maybe after several years,if those projects survive and prove that their sustainability,they will gain enough customers in order to change the Asian economy.

TheCoinGrabber

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I think these blockchain projects in East Asia would be more about services. What I find interesting is they might make social media and sharing apps for these blockchain. Any of these could spawn the first blockchain version of Instagram, Facebook or Youtube that might actually gain widespread acceptance.

Especially Klaytn. Kakao already have a large userbase in Korea so whatever decentralized social media that might come out of Klaytn could also have a large potential number of users, which might help it being used elsewhere (no one would want to join an sm that don't have enough users).

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Quote from: pana72 on July 15, 2019, 12:01:33 AM

Link Project, ICON Project, Klaytn in Japan and South Korea are starting their business. How these projects can change the local economy? Carry protocol and Contents protocol can be a good example for this.

Asia has a lot of countries that have strong manufacturing industry and many companies are active there.
They need new technologies that improve their automated operations, thus blockchain technology can change their economy completely. This is the reason why they spend so many resources in blockchain research.

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Quote from: bitgolden on July 19, 2019, 07:44:41 AM

blockchain has the ability to eliminate barriers that has made some factors that should affect economy daunted. First thing I know blockchain technology does is to cut cost, it is cheaper to run system using blockchain than the normal traditional method

I don't buy it mate, give me an example of how blockchain technology enables businesses to cut costs? A simple SQL database would cost a lot cheaper than blockchain.

Quote from: bitgolden on July 19, 2019, 07:44:41 AM

don’t forget that blockchain will surely create more job, and we have some countries that would specialize in this area for other countries to higher their citizen as expatriate, which means more money to that country’s economy.

That's correct if the jobs created aren't directly related to the blockchain itself, but because of the increased productivity. For instance, the demand for blockchain programmer may increases while, at the same time, the demand for relational database programmer decreases.

In short, I'm more skeptical about this so-called "blockchain technology" than about Bitcoin and need more proof/use case since we are just at the beginning of this new technology.

Mometaskers

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Still too far to see how this will affect the economy since it might differ from Bitcoin's blockchain but I don't see any negatives so far. Kakao is a very popular brand so I think Koreans might warm up to it faster.

It's interesting how varied the projects in Klaytn would be. Read there's a food marketplace and video snippet service (hopefully the beginnings of new competitors for Youtube).

Xardasim

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I guess Korea and Japan are in positive opinion about crypto. Considering how the economies of these countries have developed in recent years, we could see them as two of the few countries that are smart. I believe that if they use crypto in the economy by adding some of their own skills, they will get good results.

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Quote from: mu_enrico on July 18, 2019, 11:30:57 AM

Well, it depends whether these projects can increase productivity (i.e., the ability to produce goods and services) or not. With this in mind, I'm pessimistic about these projects actually because I don't see it can affect productivity that much.

Do you know what can change the economy? A new coffee variety, which can boost your mood and energy for at least 8 hours.

Good economy gives birth to financial stability of the country, and blockchain has the ability to eliminate barriers that has made some factors that should affect economy daunted. First thing I know blockchain technology does is to cut cost, it is cheaper to run system using blockchain than the normal traditional method, also don’t forget that blockchain will surely create more job, and we have some countries that would specialize in this area for other countries to higher their citizen as expatriate, which means more money to that country’s economy.

Aside the employment it would create for country’s adopting blockchain technology, it will also help them have some transparency in their dealing with project consultants. Another thing blockchain means for countries that adopt it is more money for them when they trade with it.

mu_enrico

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Well, it depends whether these projects can increase productivity (i.e., the ability to produce goods and services) or not. With this in mind, I'm pessimistic about these projects actually because I don't see it can affect productivity that much.

Do you know what can change the economy? A new coffee variety, which can boost your mood and energy for at least 8 hours.

shield132

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Can't say that blockchain technologies can change the economy, there is no doubt it can't be bad but also can't see any significant influence on it. Btw blockchain technologies are great opportunity to create more jobs in countries, as I see everyday demand on blockchain developers increase while it's sad but there aren't enough candidates to fill that jobs. However it's adoption is very beneficial, maybe massive adoption in services where blockchain technologies can really have huge influence on whole process, can really affect economy significantly.

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The South Korean and Japanese scenes for cryptocurrencies and crypto startups have been increasing at a rapid pace, most especially Japan which has its guidelines honed over time and may have made a positive impact on new projects and launches in the said region. In SoKor, on the other hand, there had been a lot of talks from different sectors, mainly focusing on IEOs/ICOs and the application of blockchain tech on some aspects of the industry. Economically speaking, this creates more investors, jobs and an overall positive impact on the said country's domestic economy. This is what happens when the government is supportive of new changes but still maintaining the regularity of the said space.

TeQuiero

member

Activity: 120

Merit: 38

Quote from: pana72 on July 15, 2019, 12:01:33 AM

Link Project, ICON Project, Klaytn in Japan and South Korea are starting their business. How these projects can change the local economy? Carry protocol and Contents protocol can be a good example for this.

Technically, those projects can contribute to their local economies but not really in the way they're suppose to be. For example, big MNCs such as Samsung or Sony can use Icon's blockchain to store data to track their products' authentication or control the logistics procedures... It's not the kind of current contribution (job creation) that they're doing. If blockchains is just fundraising then buying/selling tokens then it doesn't add up any value to the society.

avikz

legendary

Activity: 3080

Merit: 1500

Quote from: pana72 on July 15, 2019, 12:01:33 AM

Link Project, ICON Project, Klaytn in Japan and South Korea are starting their business. How these projects can change the local economy? Carry protocol and Contents protocol can be a good example for this.

If transparency can change the mood of an economy towards positive direction, then yes, blockchain can change the economy for better! However, it's too early to say anything at this moment! Blockchain needs more time to make a solid impact which can be used an an example! Till date, we have none which had made a mass impact! It's still at the launchpad getting ready to unleash a massive change!

ecnalubma

sr. member

Activity: 1540

Merit: 420

www.Artemis.co

I believe they can make direct or indirect impacts in the economy, I’m not aware to some of their products that much but most of these projects do the work without publicity. Some of them made partnerships with bigger companies that creates more jobs and opportunities for the masses. They’re blockchain healthy countries so development and economic growth is inevitable.

mirawantirinjana

full member

Activity: 700

Merit: 101

The growth of blockchain technology is very well underway here, I also feel a good impact on the economy, but I do not map it well for finance and the global economy, I say it has a good effect on what I experience and feel.

hugeblack

legendary

Activity: 2702

Merit: 4002

There are a lot of discussions, meetings, and events^[1] taking place in South Korea or Japan, so blockchain's long-term influence will be positive for those countries.
I am not talking about the economic aspects, but creating more jobs, leading projects, hosting more projects and capital flows, which may be reflected positively on the local market.

Not to mention that all this will stimulate the local sector to flourish because of more knowledge about these countries.
[1] http://koreablockchainexpo.com/

pana72

newbie

Activity: 13

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Link Project, ICON Project, Klaytn in Japan and South Korea are starting their business. How these projects can change the local economy? Carry protocol and Contents protocol can be a good example for this.

Topic: Are Blockchain Projects in Northeast Asia can change the economy? (Read 5103 times)