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Topic: Blockchain Technology: To Democratize Traditional System. (Read 200 times)

newbie
Activity: 28
Merit: 0
Despite being known as the backbone of digital money and the banking and finance industry, blockchain is increasingly attracting public sector attention and many governments will promote the adoption of the technology. The blockchain is not just a business opportunity but a way to change its citizenry states because it can become a platform to build a reliable, transparent system. easy to check.
legendary
Activity: 1442
Merit: 1025
Blockchain adds more transparency while making transactions faster & safer. It has got lot of potentials to grow. There will be more blockchains coming up with solutions to specific problems and make the future much better and easier. Trade.io is also great. They have a great interface, the team looks experienced and also they provide investment opportunity as well as consulting services.
When you see a team like that and a website name that well you know they take their jobs seriously, I also believe that blockchain will have a bigger part to play in the upcoming future. We will see a lot of major companies to actually have their own blockchains for the business they do.

Noreover, they do not need the tokens and whether they have it or not they will probably keep it to themselves and mine it themselves or start off with all of them on their hands, not to distribute but to have the upmost control, they need the blockchain and not the coin or token itself so they will not share it publicly so we should not hold our breaths for something like apple coin or microsoft coin or an amazon coin because that will not happen even if those companies start to play with blockchain technology.
newbie
Activity: 84
Merit: 0
Blockchain is prefer in every platform now because its high security, less costs, transparent feature.
Correct

Blockchain adds more transparency while making transactions faster & safer. It has got lot of potentials to grow. There will be more blockchains coming up with solutions to specific problems and make the future much better and easier. Trade.io is also great. They have a great interface, the team looks experienced and also they provide investment opportunity as well as consulting services.
Yep, glad you say that. Progress are well made. Don't miss the opportunity, tell you friends.  Grin

I think the blockchain technology industry is the next big job sector in the future. Blockchain has the potential to change the way we buy and sell, interact with governments and verify the authenticity of everything from property rights to organic vegetables. and It's still growing.
It combines Internet openness with cryptographic security to give everyone a faster and safer way to verify key information and build trust. In the future, almost all companies will adopt blockchain.

I agree with the opinion that Trade.io is another platform based on blockchain and has recently been identified as the next blockchain revolution by many experts. They offer an easy-to-use platform for exchange. Very promising.
Yes, trade.io will bridge traditional financial system to modern by blockchain.. The future is bright my friend. Btw, have you registered on their exchange? https://trade.io/l/ezvl

The blockchain technology has made the work more easy and hassle free. They have a few projects which make the work better and more efficient. They eliminate the need of a middleman and the records are also stored.  
Blockchain will revolutionize the world.

Trade is a blockchain based platform that aims to democratize the financial system. It will be introducing its own cryptocurrency known as trade token which now can be collected through pre ICO. They are hoping to create the largest liquidity pool constituted of their holders.
Grab more my friend. Price is good to accumulate, fyi.. They are currently in talk about OTC with officials..

"From my point of view we can understand from this situation is the room for blockchain to grow is huge. With more technologies getting involved in blockchain, we are sure that future will be good to us.
"
Yes my friend.
If blockchain includes insurance, healthcare, media, banking etc such type of traditional system the users will be benefitted. And others who isn’t connect with blockchain yet are grows interest about blockchain.

They will ultimately have to do that as they will need to compete with those companies in their industries that take advantage of this technology.
Yes. Don't be laggards. Invest now.


https://i.imgur.com/KjQA0uZ.jpg
newbie
Activity: 27
Merit: 0
Blockchain is prefer in every platform now because its high security, less costs, transparent feature.
newbie
Activity: 109
Merit: 0
Blockchain adds more transparency while making transactions faster & safer. It has got lot of potentials to grow. There will be more blockchains coming up with solutions to specific problems and make the future much better and easier. Trade.io is also great. They have a great interface, the team looks experienced and also they provide investment opportunity as well as consulting services.
member
Activity: 250
Merit: 10
I think the blockchain technology industry is the next big job sector in the future. Blockchain has the potential to change the way we buy and sell, interact with governments and verify the authenticity of everything from property rights to organic vegetables. and It's still growing.
It combines Internet openness with cryptographic security to give everyone a faster and safer way to verify key information and build trust. In the future, almost all companies will adopt blockchain.

I agree with the opinion that Trade.io is another platform based on blockchain and has recently been identified as the next blockchain revolution by many experts. They offer an easy-to-use platform for exchange. Very promising.
copper member
Activity: 12
Merit: 0
blockchain technology is revolution
sr. member
Activity: 672
Merit: 251
Even bitcoin itself is destroying a traditional system. This is what's great about bitcoin and crypto. We got to have another way on almost everything. I do hope that other businesses venture might find itself in cryptocurrency and find itself to make a coin for us to have another thing to choose from. Well you're right in democratizing traditional system is being done by crypto. The only thing that is to think about if that is good or bad.
newbie
Activity: 168
Merit: 0
With Blockchain, transaction is faster & far more secure providing full transparency.There is high potentiality of growth and stability for blockchains from here on and in future. Trade.io seems very interesting. The design looks appealing, the team looks highly experienced and also provide consulting services which seems great.
newbie
Activity: 60
Merit: 0
The blockchain technology has made the work more easy and hassle free. They have a few projects which make the work better and more efficient. They eliminate the need of a middleman and the records are also stored. 
newbie
Activity: 336
Merit: 0
Trade is a blockchain based platform that aims to democratize the financial system. It will be introducing its own cryptocurrency known as trade token which now can be collected through pre ICO. They are hoping to create the largest liquidity pool constituted of their holders.
newbie
Activity: 56
Merit: 0
Actually Block chain tech is really great invention based on this Block chain tech made our life easier also many renowned companies is using this tech and it remove the 3rd party problem and it is a decentralize system.
newbie
Activity: 392
Merit: 0
"From my point of view we can understand from this situation is the room for blockchain to grow is huge. With more technologies getting involved in blockchain, we are sure that future will be good to us.
"
newbie
Activity: 112
Merit: 0
blockchain technology is bringing new improved freture and developed technology for the uesrs community , blockchain technology was always  been democratize it is completely control by the investors so there is no reason it think it otherwise and with time it trascation speed are becoming more faster
sr. member
Activity: 532
Merit: 250
If blockchain includes insurance, healthcare, media, banking etc such type of traditional system the users will be benefitted. And others who isn’t connect with blockchain yet are grows interest about blockchain.

They will ultimately have to do that as they will need to compete with those companies in their industries that take advantage of this technology.
newbie
Activity: 350
Merit: 0
If blockchain includes insurance, healthcare, media, banking etc such type of traditional system the users will be benefitted. And others who isn’t connect with blockchain yet are grows interest about blockchain.
newbie
Activity: 113
Merit: 0
Blockchain is expected to make transaction faster and safer. The core of blockchain is its token. These tokens are traded on most of the crypto-exchanges. More and more exchange come to cryptocurrency world, providing new feature and benefits to the communities. As it is the core of blockchain, to democratize every traditional system. A lot of blockchains with specific objective have been making cryptoworld more crowd and intense.

Most traditional system like insurance, heathcare, media, banking etc now can be found on blockchain. Take this as the example:

Insurance in the blockchain : PolicyPal Insurance ($PAL), Aigang Network ($AIX), ...
Healthcare in the blockchain : Medibloc ($MED), MedicalChain ($MTN), Docademic ($MTC), ...
Media in the blockchain : Content Net Neutrality ($CNN), Primas ($PST), ...
Banking in the blockchain : Crypterium ($CRPT), Bankex ($BKX), TradeToken ($TIO), ...

All of these are aimed to make our world better.

$PAL, provides flight delay insurance (https://medium.com/@policypalnet/ama-session-2-with-policypal-singapore-and-policypal-network-ceo-and-founder-val-yap-de7d31d8b9c4), healthcare insurance, more to come...
$MED, provides personal medical record on blockchain, so you don't have to re-examine or re-scan your body if it is not necessary..
$CNN and $PST, build a network, where you will be rewarded to report hoax..
$CRPT, $BKX provides you a fast payment in crypto.

Trade.io
What takes my interest in TradeToken ($TIO). Looking from their website, they had a successful  ICO in 2017, acquired more than $30 million, and now just launched their very highly anticipated exchange, which is built combined by community ideas. Do check and register at trade.io. Consist of financial and banking veteran's people, trade.io is not only an exchange, they are a modern financial services firm. This means, now small company can launch their ICO if they pass banking-high qualification by trade.io. Also, other asset classes such as forex, commodities and others will follow in due course, making trade.io a ‘one-stop-shop’ for traders of all experience levels.

Plus, the only unique feature on crypto-exchange, the Liquidity Pool is on trade.io. This underline the objective of blockchain industry. To democratice the traditional financial system. With the Liquidity Pool(LP), everyone can participate in it by holding the tokens, to be shared 50% of LP's profits.

What we can understand from this situation is the room for blockchain to grow is huge. With more technologies getting involved in blockchain, we are sure that future will be good to us.

It is also important we know that Blockchain’s popularity and use continues to accelerate.  “No one was talking about it before 2008,” L. Gary Boomer, CPA/CITP, CGMA, Strategist with Boomer Consulting, said in an interview with Journal of Accountancy.  “Then in 2013, we started to see the rise of bitcoin, a blockchain consortium in 2015, and proof of concept in 2016.”  Boomer expects that blockchain may begin to replace legacy accounting systems around 2023.

So now is a great time to learn all you can about this exciting new technology which can change how companies operate and how financial audits are performed.
newbie
Activity: 113
Merit: 0
Blockchain is expected to make transaction faster and safer. The core of blockchain is its token. These tokens are traded on most of the crypto-exchanges. More and more exchange come to cryptocurrency world, providing new feature and benefits to the communities. As it is the core of blockchain, to democratize every traditional system. A lot of blockchains with specific objective have been making cryptoworld more crowd and intense.

Most traditional system like insurance, heathcare, media, banking etc now can be found on blockchain. Take this as the example:

Insurance in the blockchain : PolicyPal Insurance ($PAL), Aigang Network ($AIX), ...
Healthcare in the blockchain : Medibloc ($MED), MedicalChain ($MTN), Docademic ($MTC), ...
Media in the blockchain : Content Net Neutrality ($CNN), Primas ($PST), ...
Banking in the blockchain : Crypterium ($CRPT), Bankex ($BKX), TradeToken ($TIO), ...

All of these are aimed to make our world better.

$PAL, provides flight delay insurance (https://medium.com/@policypalnet/ama-session-2-with-policypal-singapore-and-policypal-network-ceo-and-founder-val-yap-de7d31d8b9c4), healthcare insurance, more to come...
$MED, provides personal medical record on blockchain, so you don't have to re-examine or re-scan your body if it is not necessary..
$CNN and $PST, build a network, where you will be rewarded to report hoax..
$CRPT, $BKX provides you a fast payment in crypto.

Trade.io
What takes my interest in TradeToken ($TIO). Looking from their website, they had a successful  ICO in 2017, acquired more than $30 million, and now just launched their very highly anticipated exchange, which is built combined by community ideas. Do check and register at trade.io. Consist of financial and banking veteran's people, trade.io is not only an exchange, they are a modern financial services firm. This means, now small company can launch their ICO if they pass banking-high qualification by trade.io. Also, other asset classes such as forex, commodities and others will follow in due course, making trade.io a ‘one-stop-shop’ for traders of all experience levels.

Plus, the only unique feature on crypto-exchange, the Liquidity Pool is on trade.io. This underline the objective of blockchain industry. To democratice the traditional financial system. With the Liquidity Pool(LP), everyone can participate in it by holding the tokens, to be shared 50% of LP's profits.

What we can understand from this situation is the room for blockchain to grow is huge. With more technologies getting involved in blockchain, we are sure that future will be good to us.

Let’s take the Accounts Receivable and Accounts Payable process for example. If we think about the current systems in place, there are many laborious steps to this process that involve manual data entry and exchanging of paper documents between companies (think receipts of Purchase Orders, Invoices, and the data entry of these items).  Then, the auditors come in and attempt to confirm accounts receivable directly with the customers, which causes additional time, paperwork and back and forth between the two companies and the auditor.  This is an area that is waiting to be automated and blockchain technology could be a great fit.

Other accounting areas could also be drastically streamlined through the use of this technology.  Manual reconciliations could be eliminated all or in part with blockchains.  Imagine not having to reconcile a set of intercompany accounts.  There are many other areas of accounting and finance where we can envision the blockchain saving time and money and providing more valuable real-time data (Streamlining settlement activities, tracking ownership, facilitating supply chain financing).
newbie
Activity: 392
Merit: 0
Everything is still at its infancy and further enhancements will happen in the long run. We just need to identify the sectors that actually need Blockchain and not trying to apply it in everything. In any case the future is truly exciting.
newbie
Activity: 113
Merit: 0
Blockchain is expected to make transaction faster and safer. The core of blockchain is its token. These tokens are traded on most of the crypto-exchanges. More and more exchange come to cryptocurrency world, providing new feature and benefits to the communities. As it is the core of blockchain, to democratize every traditional system. A lot of blockchains with specific objective have been making cryptoworld more crowd and intense.

Most traditional system like insurance, heathcare, media, banking etc now can be found on blockchain. Take this as the example:

Insurance in the blockchain : PolicyPal Insurance ($PAL), Aigang Network ($AIX), ...
Healthcare in the blockchain : Medibloc ($MED), MedicalChain ($MTN), Docademic ($MTC), ...
Media in the blockchain : Content Net Neutrality ($CNN), Primas ($PST), ...
Banking in the blockchain : Crypterium ($CRPT), Bankex ($BKX), TradeToken ($TIO), ...

All of these are aimed to make our world better.

$PAL, provides flight delay insurance (https://medium.com/@policypalnet/ama-session-2-with-policypal-singapore-and-policypal-network-ceo-and-founder-val-yap-de7d31d8b9c4), healthcare insurance, more to come...
$MED, provides personal medical record on blockchain, so you don't have to re-examine or re-scan your body if it is not necessary..
$CNN and $PST, build a network, where you will be rewarded to report hoax..
$CRPT, $BKX provides you a fast payment in crypto.

Trade.io
What takes my interest in TradeToken ($TIO). Looking from their website, they had a successful  ICO in 2017, acquired more than $30 million, and now just launched their very highly anticipated exchange, which is built combined by community ideas. Do check and register at trade.io. Consist of financial and banking veteran's people, trade.io is not only an exchange, they are a modern financial services firm. This means, now small company can launch their ICO if they pass banking-high qualification by trade.io. Also, other asset classes such as forex, commodities and others will follow in due course, making trade.io a ‘one-stop-shop’ for traders of all experience levels.

Plus, the only unique feature on crypto-exchange, the Liquidity Pool is on trade.io. This underline the objective of blockchain industry. To democratice the traditional financial system. With the Liquidity Pool(LP), everyone can participate in it by holding the tokens, to be shared 50% of LP's profits.

What we can understand from this situation is the room for blockchain to grow is huge. With more technologies getting involved in blockchain, we are sure that future will be good to us.

Let’s take the Accounts Receivable and Accounts Payable process for example. If we think about the current systems in place, there are many laborious steps to this process that involve manual data entry and exchanging of paper documents between companies (think receipts of Purchase Orders, Invoices, and the data entry of these items).  Then, the auditors come in and attempt to confirm accounts receivable directly with the customers, which causes additional time, paperwork and back and forth between the two companies and the auditor.  This is an area that is waiting to be automated and blockchain technology could be a great fit.

So, in this example, how could we replace the manual AR/AP process between two companies with a blockchain system?

A private system could be set up where the two companies’ ERP systems would allow a private blockchain between the two entities.   The recording of the Purchase Order, Bill of Lading, and Invoice would be automated and agreed upon by the two entities in real time and would be immediately reconciled.  If integrated with a public bitcoin blockchain, the payment could also be facilitated through this private blockchain.  When audit time comes around, the auditor would be able to rely on the blockchain transactions as corroborating evidence since these transactions are real time and authorized independently by both parties.
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