Topic: Can A government accept blockchain Without accepting Crypto currency ? (Read 901 times)
January 22, 2019, 04:46:52 PM
Blockchain and crypto, can say "GOOD BYE" to goverment
January 22, 2019, 04:00:44 PM
Yes, we are moving towards this outcome. Blockchain is an innovation that is only developing now. We can't even imagine all the theoretical possibilities of blockchain. Large banks have started to switch to their tokens to use mobile applications. I am sure that in the future the blockchain will be implemented in various public institutions.
January 22, 2019, 03:44:47 PM
I think it is possible, but it will not be decentralized blockchains, like bitcoin, because the network participants will not have the interest to support its work. But private, centralized blockchains that are built on private servers are quite possible and I think there will be a lot of them in the future.
January 22, 2019, 03:10:29 PM
There are already some large companies that is integrating blockchain technology without using cryptocurrency so the answer is YES though blockchain has been in our society for a decades but cryptocurrency was the one who give it more awareness.
January 22, 2019, 02:39:53 PM
In this context, we can recall the ideas of many crypto projects that can exist using the blockchain under state control without using cryptocurrency as a means of functioning. Payments, medicine, science, art, various databases, all this can be in the blockchain without monetization (w/o cryptocurrency).
January 22, 2019, 02:23:53 PM
FOr me this is a yes and a best move to adopt.
Not just governments but also bank may adopt the blockchain.
BLOCKCHAIN is one of the most secured system to have especially in terms of records and data.
Not just governments but also bank may adopt the blockchain.
BLOCKCHAIN is one of the most secured system to have especially in terms of records and data.
January 22, 2019, 02:22:24 PM
Yeah blockchain could run without crypto currency. They both are different. Blockchain is a vast technology you can use anywhere. And crypto currency is just a small part of blockchain not even a part crypto currency is based on blockchain. And many government who does not have any interest in crypto, many of them already working on the blockchain technology. But at this moment crypto is a big financial part of blockchain so some of the crypto may survive with blockchain all the time. But yes anyone can adopt a blockchain use case without using crypto currency.
January 22, 2019, 02:18:41 PM
For sure yes. Blockchain is a technology and crypto isn't needed to be implemented in some blockchain mechanisms.
I suggest government will create own crypto, or accept only some of them, not each crypto will be accepted!
I suggest government will create own crypto, or accept only some of them, not each crypto will be accepted!
January 22, 2019, 02:00:48 PM
Yes, the government can use blockchain technology for something that has no value. by using blockchain everything will be transparent. one of them is used for elections because it will be transparent or for tax.
January 22, 2019, 01:46:33 PM
I am sure that the government will necessarily accept the blockchain's capabilities for use. With the help of the blockchain, you can collect statistics, collect documentation. Yes, in general, Blockchain is a universal thing that has many uses. We just need to wait a bit.
January 22, 2019, 12:54:26 PM
Of course! Blockchain could be used in many government processes like insurance, healthcare and so on.
Very easy and relatively cheap solution to update whole process.
Cryptocurrency just addition to blockchain and not a must
Very easy and relatively cheap solution to update whole process.
Cryptocurrency just addition to blockchain and not a must
January 22, 2019, 12:51:52 PM
As we are seeing currently many big institution and government are seeking blockchain technology for various service and store data in ledger, crypto currency is just a utility to immutable ledger but if government going to tokenise the blockchain then it will further add security layer to service.
January 22, 2019, 12:48:51 PM
I do not think that the technology itself requires the approval of the authorities, this is the usual accounting technology, but of course it is not quite normal, it is distributed, so I think that all this will definitely be spread.
January 22, 2019, 12:43:08 PM
Yes a government can accept block chain without accepting cryptocurrency because block chain only a technology and bitcoin just block chain support currency.
January 22, 2019, 12:40:51 PM
of course. blockchain is technology, cryptocurrency just product of this technology. but it is not gona happend. goverments are buying crypto to)
January 22, 2019, 12:07:33 PM
Of course man, If you only watched some news aroud you, you would noticed that every country has the interest in Blockchain because blockchain aren't the same thing like cryptocurrency. Blockchain has many uses not only for crypto but for every aspect of our lives.
YES, I agree with this. Blockchain is the technology that can be used in diverse ways this is part of the reasons why blockchain get institutional interest. On rejecting crypto is because of the fluctuation in price and value. In another way, Government and top financial advisors have seen that it is possible to easily manipulated. So they rather accept the most distributed technology and reject crypto. January 22, 2019, 12:03:31 PM
Yes of course. I have seen many time in online media that blockchain technology are being adopted by china. The same country that have banned crypto related activities. This has come to show how important the technology can drive the growth of economy if apply in some decent sectors. blockchain technology have been increasingly used in financial institutions and also in some sectors that are looking a more secure way of handling identity verification (VelixID). So it is very true that government are accepting the technology but do not support cryptocurrency.
January 22, 2019, 11:53:41 AM
Theoretically, it is possible to put certain processes on the blockchain's rails but not to use coins and tokens. How this will be implemented is difficult to say, but the point is perhaps because the technology itself provides a very good level of security.
January 22, 2019, 11:49:07 AM
This is quite feasible, some companies in my country have already implemented this technology. The coins themselves unfortunately have only a speculative nature, useful implementation of little where you can see! I hope it's not for nothing that I support projects in the implementation through Twitter!
January 22, 2019, 11:09:31 AM
Many country has put ban on crypto currency , allot of financial gurus speaking negative thing about crypto currency !! But right now everything expert is embarrassing Blockchain Technology. every expert believes blockchain is the future so Today i want to ask if Financial institutions can run on blockchain without crypto Currency ?
I know about governmental projects related to blockchain. Blockchain is not the same thing as cryptocurrency. Blockchain is more universal. It is not only about money but also about providing information in a secure way.
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