Blockchain will help Economy. - page 17.

cahgantenx

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Quote from: waqasniaz007 on June 09, 2018, 03:16:54 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.

the presence of Blockchain system at this time indeed I think is very helpful in various aspects of life, especially in the economic field. Where if applied this blockchain system makes transactions easy and transparent

Trustor

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The country that I belong to has not started using digital wallets. People don't have any knowledge about the cryptocurrency and those who do are still afraid of using the technology as they fear they will lose all their investments. Also, problems like money laundering and other illegal activities are keeping the crypto world from growing further. There are other challenges here and there as well and if the government can come out of a solution regarding this, blockchain technology will surely help the economy.

Maricurijohn

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Quote from: darkphoenix2610 on June 09, 2018, 06:56:36 PM

Quote from: mostkey on June 09, 2018, 04:19:35 PM

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.

Blockchain technology now applies not only to BTC, but also to many economies, now the business of large corporations, multinational companies have adopted blockchain technology and resounding success. , which is the starting point for the future technological boom.

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Blockchain technology also improves business more personalized. The Gem Health Network, launched by Gem startup, uses Ethereum technology to create a secure data sharing infrastructure for the health space. Hospitals can share medical records safely and efficiently through Blockchain, helping patients get more personalized and effective care.

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Blockchain is eficient technology and it will help company to save more cost. If many peoples or company can save more money, they can spend it or will more investing in other bussiness.
Technology always helping economy because technology will make life more easier

umbara ardian

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yes you are right blockchain will help the financial and economic conditions around the world, because blockchain able to record all existing transactions and everything is very trnasparan so very safe and comfortable if used for the world economy.

googs84

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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.

charlotte04

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Quote from: waqasniaz007 on June 09, 2018, 03:16:54 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.

I really believe it that it would really help us so. Blockchain is the new technology that would certainly have a great impact in the community for the future.

gabbie2010

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That feature of "trust" makes blockchain technology outstanding and its decentralized features also its capability as a solutions to the societal problems e.g chain supply, voting system e.t.c will triggers massive adoptions of this technology although there are a lot of hurdles to be crossed to enable this technology to fully rooted globally.

Direwolve735

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Blockchain technolohy will eliminate the need for centralized institutions such as the bank and government to simplify trade relations, turning the traditional financial and commercial model into something more interesting: a distributed, transparent, autonomous system for moving funds. Blockchain gives us the technological ability to create records of all human trading relations, currency exchange, all kinds of digital and physical assets in a completely new way.

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Quote from: BLTC on June 09, 2018, 06:41:34 PM

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. It will create many opportunity. I strongly believe that this technology is for the masses and not only for the big companies.

I agree with you mate because corruption can lead to bankruptcy and that is why we need such blockchain technology for a better and successful economy. Here in my country we need blockchain technology for a transparency. I love it when our government had embraced it as they can also see a potential in terms of cryptocurrency investments that is now on trend all over the world. Therefore, having blockchain technology in a specific country, I believe that it can slowly and surely boost an economy.

realcrypto

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We're in a digital age, blockchain will widen the scope of digital operation in any country that uses blockchain. Blockchain will reduce cost of production.

chocolaty

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Quote from: waqasniaz007 on June 09, 2018, 03:16:54 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.

This is one good feature of blockchain - transparency among users. This could be best applied not only in businesses but also in governments. This may help reduce corruption because transactions are accessible by the public. It will be difficult for illegal transactions to be accomplished in firms and governments. Adapting into this new technology proved that our world is evolving. It is best to use this technology for the best to maximize its capabilities.

alizalela7

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I think that block technology is so much a boon to the economy that it is the basis for many of the applications that can be developed and based on that the application of which will benefit the economy of the country.

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Quote from: mOgliE on June 09, 2018, 08:50:38 PM

Not at all. Blockchain will destroy economy xD

You know how automation is responsible for our society transformation but also for the mass unemployment we currently have? Well blockchain will be even worse.
With the combinasion of both robots and blockchain.... There is nothing you can't automize!
Moreover blockchain has this horrible idea of being available both for industry and services while automation is mainly on industry.

It's going to crush al that ^^

This idea was also in my mind, not all economy has a good effect on blockchain there is also negative side brings by blockchain technology that makes more worse if ever. Once you have got error transactions on this technology no more trials it is finalized and you can not automize on which where you are a mistake.
Indeed, this technology now had a great function to our society and it will help to our economy as well.

alizalela7

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I think that block technology is so much a boon to the economy that it is the basis for many of the applications that can be developed and based on that the application of which will benefit the economy of the country.

mOgliE

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Not at all. Blockchain will destroy economy xD

You know how automation is responsible for our society transformation but also for the mass unemployment we currently have? Well blockchain will be even worse.
With the combinasion of both robots and blockchain.... There is nothing you can't automize!
Moreover blockchain has this horrible idea of being available both for industry and services while automation is mainly on industry.

It's going to crush al that ^^

KingScorpio

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Quote from: waqasniaz007 on June 09, 2018, 03:16:54 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.

uhm jes it will help economy but it will also open a lot of question

the biggest one:

who and why is someone allowed to threat someone else as his money earning cattle.

regards

creeps

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Quote from: mostkey on June 09, 2018, 04:19:35 PM

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

And another entry in a world of blockchain technology is the EOS that is trying to compete with the bigger one. This is a great revolution towards a brighter future, blockchain technology can really help one economy to be advance to the other and to sustain their power in the coming years. I hope that every country will adopt this system because this is really the key for a greater economy especially for the 3rd world country.

darkphoenix2610

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Quote from: mostkey on June 09, 2018, 04:19:35 PM

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.

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