For me blockchain will help economy for transactions is transparent to everyone. It could prevent any corruption for any company or businesses.
It will help economy in terms of reducing the cost and cost reduced is equal to money saved is equal to money earned which give rise to growth in the economy which is the best in the interest of a country.
Topic: Blockchain will help Economy. - page 2. (Read 2055 times)
I think it could not help because the government has the centralized system of its nature. There could be part that we could decentralized but then again government system is centralized in nature. However, blockchain technology could be applied also without decentralizing the way the cryptocurrency has doing. It will only be the blockchain technology to apply in a centralized system. This will record all the transaction publicly and will have better chance for the community to see how the government spend the money they collected from the people in the form of tax.
Many people in the blockchain can't see its value now. They ignore that wisdom is the future direction of human development. The current Internet transmission speed can already meet the foundation of human digital civilization. Blockchain can change many industries, such as driverlessness, and when the blockchain enters unmanned, unmanned vehicles can be popular around the world.
No, not that many but it there are people ignoring the features of block chain technology. I do not know if other country has seeing this a good innovation and to apply it to the government system. The government can create a blockchain technology to records all the transaction being done. This is one way to minimize corruption for those government officials receiving under the table payments and pocketed the money they receive. 
Blockchain is really a phenomenal technology ever discovered. This gives us tge freeDom from centralized system since all the documentation is made by the technology itself. This also allows us to have full control over our funds and not let anyone to have interest in our funds. Tge opensource feature give us the decentralization we need, it is even more secure and safe that the traditional way of making transaction. This is why we should be maximizing this feature by using opensource wallet and do not let exchanges or closed source wallet have the control over the coins. Electrum wallet or Hodler wallet is one of the best wallet to consider when getting into Crypto.
Blockchain is not only good for the economy, but blockchain can change humanity. It is the same as the Internet, and the blockchain will create Industry 4.0. In the future, humanity will enter a comprehensive digital system that will eliminate many social problems such as corruption and other unequal incomes, and the rich must pay high taxes.
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
what you convey is very true investment with crypto currencies can be very profitable and if the management is right it can become new jobs for people who need jobs and increase income
Many people in the blockchain can't see its value now. They ignore that wisdom is the future direction of human development. The current Internet transmission speed can already meet the foundation of human digital civilization. Blockchain can change many industries, such as driverlessness, and when the blockchain enters unmanned, unmanned vehicles can be popular around the world.
For me blockchain will help economy for transactions is transparent to everyone. It could prevent any corruption for any company or businesses.
The blockchain is going to change the world, I do not have any doubt about it but it is not going to prevent any kind of corruption, that is a mistaken idea that many people in the forum have, and that is not going to happen, corruption is going to keep happening because humans are always going to find a way to try to get advantage out of any system that is created by them. 
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.
maybe yes, for example in my country, where most of the officials are corruptors, if my country adopts the blockchain I am sure there will be no corruption or money laundering here because everything will be transparent and nothing can be hidden from everyone, 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 has the capabilities of harnessing the economy of a country. This is due to the fact that Blockchain offers job opportunities and financial freedom and satisfaction to the people. Blockchain creates jobs like bounty management, cryptocurrency merchants, developers, bounty participants, traders etc.
I think this technology will not only help the economy, but everything related to the transaction will also be helped. well, it can be said that this is a good system, and quite fast. even a few days ago I read a number of articles that used the blockchain for things other than economics. The blockchain is developing new technologies and helping to find new opportunities in any area accessible to humanity and to seek new discoveries, so many countries understand this and legalize cryptocurrency with blockchain technologies and many others cryptocurrency technologies, so that they can improve their economies.
Many countries refuse to accept bitcoin as a means of payment, but agree to use blockchain for use in their countries. Blockchain as a bitcoin technology turns out to be applicable in many fields of life such as banks, agriculture, transportation, trade and even the military industry. The Blockchain makes the working method very efficient so that it increases economically, because there are savings in all sectors.
Blockchain has the capabilities of harnessing the economy of a country. This is due to the fact that Blockchain offers job opportunities and financial freedom and satisfaction to the people. Blockchain creates jobs like bounty management, cryptocurrency merchants, developers, bounty participants, traders etc.
The blockchain won't really help the economy but rather the companies. They are the one that will take the full advantage and they will save a lot of money. A bank firm will easily be able to save about 10% on the transactions costs, reduce by 20% the insurance operating costs. After a year it could be several millions saved. Of course, don't expect to see then the prices decreased
I believe blockchain can really help economy of each country since it is a secure and transparent system that can lessen the corruption of the government in terms of project amd expenses granting that they will security, then crypto currency as one of the precious product of blockchain can help many people too and can possibly contribute to their economic growth too.
The blockchain won't really help the economy but rather the companies. They are the one that will take the full advantage and they will save a lot of money. A bank firm will easily be able to save about 10% on the transactions costs, reduce by 20% the insurance operating costs. After a year it could be several millions saved. Of course, don't expect to see then the prices decreased
this is economic revolution, with blockchain this can create some oppurtunity to cover the big hole in time and transaction fee for someone in any other side of world. well this really made world like a little place for doing economic activity
If being used and implemented properly this system can lessen the delays and can make faster transaction deals between two far aways countryto its subordinate without using any third party services, the sole purpose is to be recognized as a good system that will developed much easier
and friendly use transactions.
All consider blockchain to be honest and fair technology, but I think that technology is man-made even though everyone believes blockchain can help the economy. however, behind it all there is a high level of trust by humans in technology. So I think it's not just the blockchain that helps the economy, but the whole technology like big data, IoT, AL, etc. that help the human economy grow.
this is economic revolution, with blockchain this can create some oppurtunity to cover the big hole in time and transaction fee for someone in any other side of world. well this really made world like a little place for doing economic activity
Blockchain probably will help economic prosperity, but for some people it would be end of their jobs and careers, then they will have to find another job and some of them will remain unemployed which will cause another social problem. Disruptive technologies and ideas always change our view of how we see the world.
Blockchain technology is a disruptive technology that promotes technological change, organizational change and efficiency change throughout the economy!
The blockchain technology itself ensures that the up-link information is synchronized, not tamperable, and not easily lost, which has been able to solve too many problems for the real economy.
Absolutely right, blockchain technology helps protect against fake information and can take the economy to a new level. Today, many sectors of the economy need the introduction of blockchain technology, because only it can improve their quality and efficiency. The banking sector of the economy is already testing and introducing blockchain technology, because bankers understand the benefits and possible profits through the use of this technology.The blockchain technology itself ensures that the up-link information is synchronized, not tamperable, and not easily lost, which has been able to solve too many problems for the real economy.
Blockchain technology is a disruptive technology that promotes technological change, organizational change and efficiency change throughout the economy!
The blockchain technology itself ensures that the up-link information is synchronized, not tamperable, and not easily lost, which has been able to solve too many problems for the real economy.
Absolutely right, blockchain technology helps protect against fake information and can take the economy to a new level. Today, many sectors of the economy need the introduction of blockchain technology, because only it can improve their quality and efficiency. The banking sector of the economy is already testing and introducing blockchain technology, because bankers understand the benefits and possible profits through the use of this technology. The blockchain technology itself ensures that the up-link information is synchronized, not tamperable, and not easily lost, which has been able to solve too many problems for the real economy.
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