Blockchain will help Economy. - page 12.

carlisle1

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Campaign Management?"Hhampuz" is the Man

Quote from: Psynthax on June 09, 2018, 06:50:47 PM

Quote from: mrcash02 on June 09, 2018, 06:33:17 PM

Quote from: waqasniaz007 on June 09, 2018, 04:16:54 PM

The distinction is that the record is freely accessible to all individuals in the framework, making it difficult to adjust records without being recognized. This implies individuals can assume that money related records are totally exact without relying on a reliable outsider like a bank, a legislature or an application to affirm it.

Yes, it's very transparent and reliable. Several countries have their "transparency portals", where people access the records of their public administrations online. It's good and useful, but a system like Blockchain would bring much more reliability and transparency to the citizens.

I also like the idea because an adoption like that would cut worthless expenses on the public administrations. Less employees would be needed, so more money could be used for what really matters and isn't having enough budget at this time because there isn't enough money to sustain a heavy payroll and to attend the basic sectors of society at same time.

If the government apply blockchain for infrastructure development, I'm pretty sure that it will get rid of the corruption since it's transparent, as people have known for a long time that infrastructure development which takes up majority of the country's budget often being used as a tool for corruption but blockchain with its transparent open ledger will simply stop it, public will know where the funds are moving, so that there's basically no chance for people to go corupt, I must say that such thing will help improve country a lot!

Sounds like you're from asian dude,because bitterness is what you are imposing about the corruption in every governmental infrastructure project,but we have same outlook on this mattersince im a government employee and i with myself knows this issue has been happening ,and i am very hard hearted whybi cant do anything to stop this,but since blockchain is here now,maybe the corruption will be lessen if may not be stopped

slocker

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Yea blockchain can help, but this cannot be the question. More it could be will government accept usage and allow it. This is more to me to be question.
This can be good and from our point of view probably is but many dont like this cuz they cannot control it. Maybe im wrong on this but this seem to be that many countries are banning this and we have some that want this to be accepted globally.

DOLONCHAPA

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Bitcoin is virtual coin. It is using for buying, selling and also paying. It is predicted that Bitcoins will be the world most using currency very soon.
World is now moving to virtual and every international marketplace going to be dependent on bitcoins .
Now Bitcoins using worldly for various types of business also using in various online marketplace. Clients and worker use bitcoins for paying and buying.
So Bitcoin obviously plays a vital role on the economy.

developer101dev

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Quote from: waqasniaz007 on June 09, 2018, 04:16:54 PM

Blockchain was imagined as an approach to guarantee the dependability of the digital currency Bitcoin. It is a genuinely basic idea, an advanced record that record all exchanges that happen inside its framework, much like any firm or individual monitors their funds. The distinction is that the record is freely accessible to all individuals in the framework, making it difficult to adjust records without being recognized. This implies individuals can assume that money related records are totally exact without relying on a reliable outsider like a bank, a legislature or an application to affirm it.
This has expansive ramifications crosswise over numerous businesses. Not exclusively will it cut expenses and enhance proficiency by evacuating outsiders, it additionally considers far more noteworthy adaptability by giving exchanges which are an unchangeable reality, which can encourage the sharing of accounts. For instance, blockchain can enable companions to share protection, or neighbors to have a similar vitality contract and guarantee that everybody pays for precisely what they utilize.

Block chain can help the economy depending on how the government is looking on cryptocurrency, some of the countries are not legalizing cryptocurrency because they are being affected on a negative way like decreasing of funds due to people who prefer invest on cryptocurrency more than placing money on banks.

Reid

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Wow. That was defined well with good deep English words. Grin

Transparency. Yes it can be seen but cannot be revised. That is why every transactions must be fully examined before making it happen. Triple checking will be the best suit for a perfect transaction.
No banks. No one will make any issues with everything you transact.
With a large amount of money, bank clerks tend to visit their manager just so to make it sure and there is a possibility for a hold. Here you are your manager. No one can hold you for what you will make.

DMCR lah

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the country's government wants to provide a bright future to the cryptocurrency market, but also the financial and economic sectors. The big banks have not yet decided to work with cryptocurrency, but some of the less respectable banks have applied the opportunity to work with tokens that their customers desperately want. In Spain, tax minimization for blockchain companies is also being developed. The Spanish government is already working on the bill. The main goal of the Spanish people is to establish the safest investment system in ICO.

cherryfer

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Quote from: waqasniaz007 on June 09, 2018, 04:16:54 PM

Blockchain was imagined as an approach to guarantee the dependability of the digital currency Bitcoin. It is a genuinely basic idea, an advanced record that record all exchanges that happen inside its framework, much like any firm or individual monitors their funds. The distinction is that the record is freely accessible to all individuals in the framework, making it difficult to adjust records without being recognized. This implies individuals can assume that money related records are totally exact without relying on a reliable outsider like a bank, a legislature or an application to affirm it.
This has expansive ramifications crosswise over numerous businesses. Not exclusively will it cut expenses and enhance proficiency by evacuating outsiders, it additionally considers far more noteworthy adaptability by giving exchanges which are an unchangeable reality, which can encourage the sharing of accounts. For instance, blockchain can enable companions to share protection, or neighbors to have a similar vitality contract and guarantee that everybody pays for precisely what they utilize.

Digital processed for payment was being used before Bitcoin come up. It was very helpful to our economy because every transaction had taxable deduction in accordance with the law of each country. Regarding to blackchain which is crypto currency like Bitcoin is really big help to economy.

shata

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It is truly indeed wonderful when the world has known bitcoin, not solely because with bitcoin, cryptocurrency industry has started together with other alternative coins, but the fact of what bitcoin have. The blockchain technology, with it, there are several problems that can be solved through blockchain technology, it is good for business, corporations, and may be soon, adapt by the government, because it could help and give convenience to its people.

yesuidanggan

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The block chain technology will reduce the operation cost of enterprises and increase their office efficiency!
Block chain has promoted to the credit construction, solve the problems of the small micro enterprise financing difficulties, establish cooperation mechanism, to further enhance the credit situation control, the maximum to avoid default and fraud, by reducing disputes.

logicgate

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Quote from: skaynet on June 19, 2018, 10:09:08 AM

many of the world bank banks are already using the blockchain system, corporate companies too so I think blockchain will develop continuously

I really don’t know about it. But if that is true, this is more than a happier news. If corporate sector welcomes bitcoin, this is the only way for bitcoin to make its place in local public. Because everything that is being dealt with local public, is being offered or connected through corporate sectors. Well, there are few of them who are using this block chain technology. Hope for the best.

Hannahanto

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Yes blockchain will help the economy it is true. It happens only if it is accepted as legal. Due to this reason many countries now accepted cryptocurrency as legal in thier country. Its popularity makes many people to invest in this crypto. It will help not only economic growth, it will change the many peoples lifestyles, Now in many fields blockchain technology will be used. So there is no doubt in it that is surely it will be very helpful to the economy.

ermanulker

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It may help the economy. However, there is also back side of the madallion. Such as not controllability and illegal activities. These should be taken care first.

Btcepenbob

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I agree with the statement. Blockchain is a good innovation that target to improve an economy. We all know how much it could brought in a certain country and how it is called a life changer for many individuals.

panfils

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yes, it can help economies in a number of ways. Like the payment for welfare programs can be recorded permanently with the help of block chain.

superstarbtc

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blockchain will help the industry and governments and most important blockchain is called web2.0 it means till date the internet changed lot in terms of wealth and technology innovation likewise blockchain will do the same

weblouartisan

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Lets Go Adab

Quote from: OrangeII on June 14, 2018, 01:16:28 AM

Quote from: syaripudin on June 14, 2018, 01:10:56 AM

blockhaind technology has many interesting features that of course will be able to facilitate every investor who will do investment activities. and of course this will be the main attraction for investors and with the many investors who will join in blockhaind technology and of course this will change in terms of the economy for the better.

blockchain can indeed help the economy if it is really used for it, even further lessons can make people become more independent. only, it's all in the limit by the government. whether it has a big enough loss for the country or not, as I know, the current conditions do not allow for that.

In my own opinion, cryptocurrency can help the countries economy to improve even more but the only problem are the government who are corrupted and some of them are banning cryptocurrency in their country because the funds they are getting coming from the taxes will be decreasing.

paisiifokin

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Yes, it can be used in various other fields and will bring transparency. Thus governments should support it everywhere.

bongnor531

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There are several areas where blockchain technology could be useful in my view. Also, there might be more possibilities within it that we are not even aware just yet

skaynet

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many of the world bank banks are already using the blockchain system, corporate companies too so I think blockchain will develop continuously

soltantgris

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I think that Bitcoin can help every individual by making life easier and better, and if government will provide wise and affordable taxes on earnings, it will help economy also.

Topic: Blockchain will help Economy. - page 12. (Read 2040 times)