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Topic: Blockchain will help Economy. - page 14. (Read 2055 times)

full member
Activity: 490
Merit: 107
June 13, 2018, 07:00:26 PM
#87
Nowadays the corruption is rampant everywhere, the government becoming more and more confident of doing their evil practices while the least are suffering as an effect of this uncontrollable corruption. If blockchain will operate legally in every country the record of every transaction of the government will become easily monitor because everyone would have an access to see the history in the blockchain. This will become effective for every country under the power of democracy.
Economy will  depend  on their citizens earning if people  has plenty of money the economy will also grow like wise the economy will also proliferate in the money will cycle faster because fast transaction.
full member
Activity: 406
Merit: 121
June 13, 2018, 06:55:25 PM
#86
Nowadays the corruption is rampant everywhere, the government becoming more and more confident of doing their evil practices while the least are suffering as an effect of this uncontrollable corruption. If blockchain will operate legally in every country the record of every transaction of the government will become easily monitor because everyone would have an access to see the history in the blockchain. This will become effective for every country under the power of democracy.
Absoultly right,  There are corrupt leaders that don't want to grow economy and also governments are against this blockchaib system because they don't want to see people in financial freedom.Thats why society is divided into haves and haves not solution.
jr. member
Activity: 140
Merit: 1
June 13, 2018, 08:31:56 AM
#85
Nowadays the corruption is rampant everywhere, the government becoming more and more confident of doing their evil practices while the least are suffering as an effect of this uncontrollable corruption. If blockchain will operate legally in every country the record of every transaction of the government will become easily monitor because everyone would have an access to see the history in the blockchain. This will become effective for every country under the power of democracy.
full member
Activity: 462
Merit: 100
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June 13, 2018, 05:41:39 AM
#84
Essentially crypto currencies help the economy by providing wealth to people to actually spend. So by spending there will be alot of exchanges of goods and services for money. These transactions of course generates income to the government by taxes and the money placed in the market boosts revenue. All in all, win win.
newbie
Activity: 28
Merit: 0
June 13, 2018, 05:39:55 AM
#83
I found information about WFP's Building Blocks project. Underpinning WFP's Building Blocks project is blockchain. The UN was using ethereum's technology to fund food for thousands of refugees. It is very interesting example.  We see that even  big international organizations have begun to use blockchain technology in their projects.
sr. member
Activity: 2660
Merit: 339
June 13, 2018, 05:33:07 AM
#82
But you did not actually explained how this will help the economy to grow ? Anyway, I do think that blockchain will have lion share in the future to come as the advances takes place over it. As we see how ICO projects are evolved on this blockchain, in the similar manner it will happen that government and bigger private sectors will take help of the blockchain to solve their problems and thus help themselves grow. As they start growing this will automatically bloom their businesses and thus in turn they will also help grow the economical transaction to get healthier.
With Blockchain technology the market became frictionless and its appearance affected the market positively. Economies are now in more speed and going good and are boosting up with the use of this technology. Similarly other new technologies also help in improving economy but with the Blockchain innovation and its technology made the market frictionless for all people and countries.
hero member
Activity: 910
Merit: 512
June 13, 2018, 04:59:41 AM
#81
This is indeed a proof of the revolution of the rise of the digital age. While all individuals are starting to compete to develop eth-based token projects that are supported by the blockchain system to be one of success in this century

Yes bitcoin can help the economy of a certain country , it can improve everything, technology, lifestyle and even the lives of the individuals living that country.


and what becomes difficult is when we have to try to show the strength of crypto and blockchain bitcoin in helping the economic side of the country. so that this unbelieving country can participate in adopting btc
And I prefer this one fact over everything. The leaking of corruption for our politicians. They would be stopped anonymously because they couldn’t be doing any sort of dishonesty with us. We can’t just see them cutting money off in their own accounts and thieving the population money illegally. This one thing hired in the way of legalizing, that is why those politicians aren’t legalizing this bitcoin.
full member
Activity: 378
Merit: 100
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June 12, 2018, 03:15:06 PM
#80
Looks like blockchain will facilitate humans in transacting in the future. If humans feel helped and feel eased then this will easily help the economy around him. Because of the ease and speed of transacting is necessary to help the economy of a country.

Block chain is the only transaction who can separate people from paying taxes and because of that, people are loving cryptocurrency because bitcoins give them the freedom to have a financial freedom in life.
newbie
Activity: 114
Merit: 0
June 12, 2018, 02:41:39 PM
#79
Looks like blockchain will facilitate humans in transacting in the future. If humans feel helped and feel eased then this will easily help the economy around him. Because of the ease and speed of transacting is necessary to help the economy of a country.
newbie
Activity: 62
Merit: 0
June 12, 2018, 02:32:47 PM
#78
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.

Blockchain not only can help one's economy can even help the country's economy. With blockchain, the record of a transaction is accessible to everyone and the state will have no trouble chasing corrupt people in their country because they will not be able to dodge again and manipulate a transaction.
newbie
Activity: 112
Merit: 0
June 12, 2018, 02:15:58 PM
#77
I really love the fact that blockchain technology will play a major role in our economy. Imagine what will this provide in terms of our business process. Corruption will be minimize in terms of the process. It will be cost effective as middleman will be remove, digital transaction will be faster and more efficient.
member
Activity: 280
Merit: 11
June 12, 2018, 02:09:44 PM
#76
the main benefits of blockchain is transparency and a new platform for jobs and much more considering all these equations blockchain will boost the economy like industrial revolution we will see blockchain revolution
full member
Activity: 350
Merit: 100
June 12, 2018, 01:24:21 PM
#75
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.
Yes bitcoin and blockchain can help the economy infact the country that supporting bitcoin and alt coins are countries that have a gooddoubt economy. Imagine your country supporting bitcoin and other cryptocurrency your country willsupporting become rich and many opportunities will pop up everywhere
full member
Activity: 1330
Merit: 147
June 12, 2018, 12:53:15 PM
#74
Blockchain is a future technology that will be needed by every human being. Like the internet at the moment, I read the earliest history of the internet and the case is the same as the current blockchain. Humans will only use a technology if some people have used it. And the function of blockchain will be very helpful for life that is mastered by digital. I think bitcoin will have the same fate as blockchain, because these technologies will need each other.
member
Activity: 630
Merit: 24
June 12, 2018, 12:06:08 PM
#73
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.

I like bitcoin but I can boldly say that blockchain has brighter future than bitcoin.The fact that bitcoin allows us to earn,protect and  send our funds without any intermediaries is very good,but Look at blockchain it has already used in many countries,Goverments use blockchain for their institutional purposes,for public safety...In my opinion blockchain has a bigger target on international level,It allows us to weak criminal behaveours between institutions...
full member
Activity: 364
Merit: 103
June 12, 2018, 11:34:51 AM
#72
I am 100% percent agree with you blockchain technology can be able to know in detail and detailed every data of all movements and transactions and this is actually very easy to know and access data more fully and able to monitor more deeply from an economic concept and crypto combines technology and economy become one of the unity to support the future of the world both technologically and economically, my opinion is further more fundamental if the blockchain is really valid by the government technological progress in individuals both economically and banking will be simpler and faster access, and a very big advantage and simple management, may be useful and successful for all of us
full member
Activity: 392
Merit: 100
ADABsSsSsSsSSSsS
June 12, 2018, 09:58:39 AM
#71
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.

For some reasons, I see that blockchain is the evolution of technogy which breakthrough the barriers of poor and rich people. With this kind of technology, economy of a country which accept blochain would surely bloom because they embrace the future of monetary system.

Block chain is one of the way for people to earn cryptocurrency by just investing on a mining hardware, that is the reason why cryptocurrency can help the economy to grow even more so japan is just taking advantage of this current situation in the cryptocurrency world.
newbie
Activity: 182
Merit: 0
June 12, 2018, 09:53:54 AM
#70
Blockchain technology is a good technology ... I think this technology plays an important role for the country because with ease in transactions, this blockchain can eradicate corruption because without any intermediaries. If this is implemented in my country, I think it will be very useful to stabilize the country's economy.
full member
Activity: 952
Merit: 104
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June 12, 2018, 09:02:17 AM
#69
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.

For some reasons, I see that blockchain is the evolution of technogy which breakthrough the barriers of poor and rich people. With this kind of technology, economy of a country which accept blochain would surely bloom because they embrace the future of monetary system.
sr. member
Activity: 1246
Merit: 255
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June 12, 2018, 06:33:19 AM
#68
Blockchain technology is making a big change in the entire functioning wherever it is adopted. Particularly over the financial system it is gonna make a big change. Future is gonna be a completely dependent on the blockchain technology which is found effective and efficient compared to the traditional system.
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