Topic: Blockchain will help Economy. - page 18. (Read 2055 times)
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.
An interesting part of this Blockchain Technology which I cherished and and adored mostly is the Transparency integral part of the system, where the work of one agent is viewed or can be viewed and vetted by every other agent at the BlockChain for Accuracy and Accountability purpose for same targeted result.
This alone is what the Economy needs, when no funds can be siphoned or altered for self aggrandizement. Then the economy becomes fair egalitarian cut shot of being regressive or unevenly funds distribution across all Development or human quarters in the Economy.
This alone is what the Economy needs, when no funds can be siphoned or altered for self aggrandizement. Then the economy becomes fair egalitarian cut shot of being regressive or unevenly funds distribution across all Development or human quarters in the Economy.
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.
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.
Yes, similar ideas was discussed much times. I agree that due to crypto technologies economics will changes a little but I would like to pay attention that it will be changed the financial sphere. Crypto technologies are also useful for business.
What baout macro economics that I am sure that crypto technologies will change it sufficiently.
What baout macro economics that I am sure that crypto technologies will change it sufficiently.
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
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.
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.
These "benefits" are marginal at best over the current system and far overshadowed by the fact that Bitcoin is an unreliable store of value, and represents no safety for long term value storage. Nobody is going to use a system that cannot reliably store value because it has low to no utility. The "benefits" you describe disappear entirely in a system that offers no ability to store value. As a currency, Bitcoin has extremely limited utility centered around niche applications that may be time sensitive and little else. If you transact any significant amount in Bitcoin, you need to convert to a stable currency like the USD immediately to prevent undue risk of value loss from holding a volatile currency like BTC.
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.
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.
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