Topic: Blockchain will help Economy. - page 5. (Read 2040 times)
Bitcoin is starting to mature as a digital money, but the Blockchain technology behind it could be more meaningful. Blockchain can become the fifth major breakthrough computing model (after big servers, computers, internet and cellular / social networks), the global economy will depend on blockchain in the future.
yes you are bitcoin and blockchain technology will help the world economic conditions and with bitcoin all transactions can be very safe so bitcoin can be one of the perfect solutions to overcome future economic problems. so have as much bitcoin as you can right now because I am sure that in the future bitcoin will be increasingly difficult to obtain.
I think that Bitcoin can help every individual by making life easier and better, and if the government will provide wise and affordable taxes on earnings, it will help the economy also.
Yes I believe blockchain has a major role to play in the world global economy. There are so many advantages of adopting blockchain technology as it will help to facilitate easy transactions which will in turn speed up economic activities.
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.
I agree. However, before jumping off the gun and thinking of how a government could use and take advantage of its benefits to whatever facet of a country. I think that they should first make it work and accept thr market and its assets as legitimate and profitable one and adjust to give it a more conducive business environment to grow and prosper. Only then will the cryptocurrency market would get its much needed boost to be more stable while steadily gaining value. In turn, it could help an economy of a country grow from its gains.
The economy has it's own circulation of funds, and if blockchain will be there to initiate I guess that's a good signs of progress over fiat system and digital currency. Decentralized over centralized matters will become more compatible due to massive implementations, and people would gladly prefer to have blockchain transactions rather than traditional method which has delayed system.
Correct to a level. We need to confess blockchains are usually great regarding following electronic digital business and also products yet actually it really is nonetheless relatively a really younger method. Blockchains are usually also youthful in which Bitcoin plus it nonetheless provides pockets and also down sides that folks on this community forum has recently described. Yet in the end sure, blockchains could help the particular economic system when carried out flawlessly.
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.
I agree. However, before jumping off the gun and thinking of how a government could use and take advantage of its benefits to whatever facet of a country. I think that they should first make it work and accept thr market and its assets as legitimate and profitable one and adjust to give it a more conducive business environment to grow and prosper. Only then will the cryptocurrency market would get its much needed boost to be more stable while steadily gaining value. In turn, it could help an economy of a country grow from its gains.
In my humble opinion bitcoin will help the country economy only in the case when the country will have the people who will help the bitcoin to help the country, so simple, right? Anyway it is still obvious thing.
The blockchain may be an awfully huge facilitate in terms of the lives of each person furthermore as within the economy. As others say it's employed in businesses, online payments and lots of a lot of. several countries still acceptive blockchain as a result of they recognize the importance of this.
More contributing technology is the Blockchain technology which opens ways for you to connect and know more about others. There are other contributing sources which are improving the cryptocurrencies as we have fine exchanges for it like Binance and Bittrex and few others which are highly recommended for Bitcoin’s users so all these along with the Blockchain helps us much more in reaching towards our destination.
Surely blockchain will help especially in electoral processes. It will enhance transparency in elections and also reduce frauds. This will really be good for democracy.
Blockchain technology can help companies reduce operating costs!
Blockchain technology also needs to be used in conjunction with cutting-edge technologies such as the Internet of Things, artificial intelligence, big data, and cloud computing to jointly promote economic development!
Blockchain technology also needs to be used in conjunction with cutting-edge technologies such as the Internet of Things, artificial intelligence, big data, and cloud computing to jointly promote economic development!
Yes and that is already proven by countries who said that their economy has improved when they embrace the blockchain technology. As their people are having more opportunities to earn money from crypto, it is just obvious that the economic status will really improve when people have lots of money to buy what they want.
BTC is very unstable as a currency, to provide stable transactions you need fiat currency like USD, everybody who's smart enough after solid profit trading transactions exchange earnings to USD, am I wrong? Volatile is the main problem of this market and the main reason of fabulous profits and losses of players. I'm investing in ICO, lot's of fraud, but had huge diamond right now - Kelvin Blockchain, have you heard about this ICO, guys? 
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 statement can be true only in the case if we will have a wise and fresh people in government that would be able to regulate and handle blockchain technology well, without that we are unavoidably going to crash the economy. 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.
Actually Blockchain is on its initial stage lots of improvement is still needed, But we can't neglect the potential of blockchain because most of popular companies are working on modal which will be working on blockchain.
For example-- IBM, deloitte and startups like essentia, Mobu, wemark. It is obvious that blockchain will help economy in near future.
For example-- IBM, deloitte and startups like essentia, Mobu, wemark. It is obvious that blockchain will help economy in near future.
Blockchain is powerfull tool to create tranparancy and saving a lot cost. If government implementing blockchain on government service, I am believe it will more fast than before and government can save many money and government can used it and allocated to poor peoples. If company using blockchain for their bussiness purpose, they can expand their bussiness and making a good growth for their share holder
Yes I believe that Blockchain can help economy! since blockchain is one of the most best technology that invented by man's powerful mind that help to our new world generation that gives to all people opportunity. Here are the good example of benfits of having blockchain technology in our modern society.
1. Greater transparency
Transaction histories are becoming more transparent through the use of blockchain technology. Because blockchain is a type of distributed ledger, all network participants share the same documentation as opposed to individual copies.
2. Enhanced security
There are several ways blockchain is more secure than other record-keeping systems. Transactions must be agreed upon before they are recorded. After a transaction is approved, it is encrypted and linked to the previous transaction.
3. Improved traceability
If your company deals with products that are traded through a complex supply chain, you’re familiar with how hard it can be to trace an item back to its origin.
4. Increased efficiency and speed
When you use traditional, paper-heavy processes, trading anything is a time-consuming process that is prone to human error and often requires third-party mediation.
5. Reduced costs
For most businesses, reducing costs is a priority. With blockchain, you don’t need as many third parties or middlemen to make guarantees because it doesn’t matter if you can trust your trading partner.
Those are the good things that the blockchain help in our economy. Click here for more details https://www.ibm.com/blogs/blockchain/2018/02/top-five-blockchain-benefits-transforming-your-industry/
1. Greater transparency
Transaction histories are becoming more transparent through the use of blockchain technology. Because blockchain is a type of distributed ledger, all network participants share the same documentation as opposed to individual copies.
2. Enhanced security
There are several ways blockchain is more secure than other record-keeping systems. Transactions must be agreed upon before they are recorded. After a transaction is approved, it is encrypted and linked to the previous transaction.
3. Improved traceability
If your company deals with products that are traded through a complex supply chain, you’re familiar with how hard it can be to trace an item back to its origin.
4. Increased efficiency and speed
When you use traditional, paper-heavy processes, trading anything is a time-consuming process that is prone to human error and often requires third-party mediation.
5. Reduced costs
For most businesses, reducing costs is a priority. With blockchain, you don’t need as many third parties or middlemen to make guarantees because it doesn’t matter if you can trust your trading partner.
Those are the good things that the blockchain help in our economy. Click here for more details https://www.ibm.com/blogs/blockchain/2018/02/top-five-blockchain-benefits-transforming-your-industry/
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.
not only crypto, currently the blockchain system has been adopted by various countries for their banking interests.one of them is my country that has implemented the blockchain system into the banking security system.
welcome blockchain
To be little constructive think that excitement surrounding Bitcoin and any other cryptocurrencies was hard to miss. Why is that? Income or price, or maybe that early investors made themselves very rich. Anyway form of crypto and blockchain is on close attention. The blockchain concept at the heart of the cryptocurrency market it is not going away, that is period.So what is that is blockchain so unique. For me the best is faster clearing of transaction. Why? We all have delays with check, purchases or something else that took lot of time. Think blockchain is the key with fast transaction on this and much faster then bank (not to mention that banks are always looking for something better all the time). Second for me is secure cloud storage. We all use this cloud storage on one way or another, on our laptops smartphones, for photos videos...... Blockchain technology promises to make cloud storage safer, more secure, and hack-resistant. With this think we will see another stage in this, from fully adoption globally in next several years to come.
I believe that blockchain will not help economy rather it will serve as an automation for many companies which will reduce the work load of the company by firing people from their jobs where the rich would get richer and the other classes especially poor won`t have too much choices on earning money.
There is no doubt that the blockchain is going to kill many jobs but which new technology has not do that? In this changing world you cannot think that you are going to be doing the same for 40 years like your parents and their parents did, you need to adapt and those that do not are going to have trouble in this world, for example all those elderly people that found they had to go back to work since the economic crisis one decade ago left them in a bad economic shape found out that their skillset was useless and that they needed to learn if they wanted to be hired. Jump to: