I agree, it is still quite early. I think mass adoption will be quite profound in 5 more years. I think we might even see other countries become faster adopters than here in the US. It seems like the people there are looking more towards blockchain integration with things like IoT, AI and supply chain.
This article made me realize where we are compared to other countries:
https://blokt.com/news/chinas-increasing-stake-in-crypto
Topic: Blockchains are still early! - page 2. (Read 572 times)
Now this technology is of interest, but few people use it. Very soon this will change and I believe that blockchain technology will be used all over the world.
I fully agree with that statement. Blockchain technology is still very young and its best times are yet to come. I am sure that it is still with a new wave will overwhelm the whole world.
This technology should receive global support, guarantees from the government for widespread use. 
I fully agree with that statement. Blockchain technology is still very young and its best times are yet to come. I am sure that it is still with a new wave will overwhelm the whole world.
Totally agreed, it is the same as the Internet, back in the day when internet first launced and available to be utilized by public, the hype is huge, but then the impact is as huge as the hype. But, after couples of years and decade, we now understand that Internet is really usefull, and now it is a lifestyle and daily needs.
We are yet in the early stage for the blockchain technology even though 10+ years passed since bitcoins were been launched along with the blockchain technology.Comparing blockchain technology along with internet is a good option because even internet did not had that good amount of users when it was newly launched but as we compared it now, there are a lot of peoples who are been enrolled with internet today and same would be the situation with blockchain ahead.
I think blockchain will bring resiliency to the good relationships for the people. It will also reduce costs which will make all our products cheaper. Its not only about the end product we get, its about the entire lifecycle of products.
I also think that in the long run, Blockchain is a new economy. Now this technology has declared itself and is developing by leaps and bounds.
Thats true, because if you think about internet it took about 30-40 years until it became what is is today and even now not everyone has access to it. Blockchain was created just 10 years ago and a few million people use it today. Think about how will Blockchain look in the next 20 years.
In my opinion, we can’t say that it’s too early for us to implement blockchain technology. It would even be much better if this technology appeared ten years earlier. After all, this is, in fact, safe storage of large databases online. And this could be applied on the Internet and much earlier.However, after another 10 years, this technology will find worthy use in almost all areas of our life.
Yep, we're still researching about blockchain technology cause it's still a really new thing to the whole world, we still only can apply blockchain technology in few fields in economic and education while blockchain technology even can change everything make everything become much easier.
Totally agreed, it is the same as the Internet, back in the day when internet first launced and available to be utilized by public, the hype is huge, but then the impact is as huge as the hype. But, after couples of years and decade, we now understand that Internet is really usefull, and now it is a lifestyle and daily needs.
Blockchain continues to grow. Now many smart people, who make the blockchain network with their respective advantages. Because this technology has made it easier for many people to transact. So, enough of us who live it and we who know it.
This is very true. Blockchain technology is still at early stage but nevertheless it's already impacting many sectors and drawing attention. Institutions and some big players are doing more research on blockchain technology. For instance, some ministries are doing research on how Blockchain can improve their operations. The fact that the blockchain is immutable, doesn't require a second party when it comes to agreements and also easy of tracing transactions makes it top notch.
Institutions are not entered to crypto market yet and we expect huge bull trend if they come to this industry. Current marketcap of cryptocurrencies are less than 500 billion but after the institutions, it can reach to trillion dollar level.
This is very true. Blockchain technology is still at early stage but nevertheless it's already impacting many sectors and drawing attention. Institutions and some big players are doing more research on blockchain technology. For instance, some ministries are doing research on how Blockchain can improve their operations. The fact that the blockchain is immutable, doesn't require a second party when it comes to agreements and also easy of tracing transactions makes it top notch.
I agree with you. Blockchain and cryptocurrency are still at an early stage of development. By this, it is now risky to invest in cryptocurrencies.
Blockchain technology is a new stage of progress. Now blockchain is at the origins of its development and has already found its application in various industries, this technology has a huge potential to change the life of mankind.
"We tend to exaggerate the impact of technology on the short term, but massively underestimate its impact on the long term. It’s clear that blockchains are early today, but they will undoubtedly transform economies tomorrow." - Beniamin Mincu CEO - www.elrond.com
What do you guys think?
https://twitter.com/ElrondNetwork/status/1102530679324196864
Rome was not built in a day and we seriously need to erase that mentality most of us have seeing blockchain as get quick riche scheme without thinking of the technology itself a long term technology aim at advancing our technology in the interim. What do you guys think?
https://twitter.com/ElrondNetwork/status/1102530679324196864
Blockchain is already proofing itself to be extremely useful which will not be easily accepted by those against it and lots of battles needs to be overcome for it to be fully effective before we can see the massive effect on the economy.
The saying is true, I accept it. I presume that a time is coming whereby almost everyone on the surface of the earth will know about the blockchain technology and will have one or more things to do with the technology. Am glad I know about this at its early stage as this.
present blockchain adoption is early internet the fast development of blockchain asset and new innovation in blockchain we can compare to early internet
Blockchain technology is still very young @10years but its better we started this very early ,the earlier the better as thy say and remember that cryptocurrency is still facing many problems presently and it will only get fixed in time so let's all relax and enjoy blockchain technology
I think that blockchain is future.. it is already proven.. more cost-effective, less fees and higher speed as there are no intermediaries, more transparency, lack of one point failure... That is why sooner or later, this will make a huge impact in all our lifes and will get massively adopted.
Blockchain seems to be the future of the world because of its outstanding features, which is also the reason why many governments in many countries are focusing on blockchain, and if blockchain grows, crypto will also grow. ! Jump to: