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Topic: Can A government accept blockchain Without accepting Crypto currency ? - page 2. (Read 901 times)

sr. member
Activity: 1372
Merit: 322
Yes, it is allowed and a lot of govt is utilizing this method for the development of some sector. For example, China is allowing the utilization of blockchain for evidence of authenticity. Here- https://www.coindesk.com/chinas-supreme-court-recognizes-blockchain-evidence-as-legally-binding
sr. member
Activity: 1078
Merit: 270
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 ?


there are many conclusions and theories from various sources and experts about this discussion. I think for now most governments can only accept blockchain as adoption in the future, but crypto is part of that technology. I think in the next few decades there will be many governments that adopt their own crypto.
hero member
Activity: 1960
Merit: 547
Vave.com - Crypto Casino
Let's assume that there is some decentralised blockchain without any real application, some kind of database. Why should people use it without incentives? The main delusion of nowadays is that blockchain matters, but bitcoin is not. It's not true. If BTC loses its money function the community will just get rid of it.
hero member
Activity: 826
Merit: 501
2local[IEO] - https://2local.io/
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 ?
Blockchain technology is the future direction of development. I believe that financial institutions will use blockchain technology extensively in the future.
full member
Activity: 560
Merit: 101
I think some countries will try to accept only blockchain, but it will be temporary, I am sure that the next step will be crypto currencies. Now many countries dont mind cryptocurrencies and even want to develop this sphere
member
Activity: 350
Merit: 10
Sure they can. Many people think that cryptocurrencies are the end product of blockchain. But they're wrong. The main task is to improve the blockchain system for simple and smart use in everyday life.
jr. member
Activity: 379
Merit: 1
Blockchain technology can be used in different areas of life from medicine to environmental protection.  Most countries are interested in blockchain, but they fear crypto. Afraid of losing control of the means of payment. Because it is the nerve of the whole market system.
jr. member
Activity: 279
Merit: 7
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.
full member
Activity: 854
Merit: 104
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 ?
Of course. China is a prime example of this. There, the cryptocurrency is not fully recognized and the government is somehow strangely fighting it all the time, approximately since August 2017. However, it is in China that the largest number of patents for the introduction of blockchain technology for practical use are chosen. More than six billion dollars have already been spent on the introduction of blockchain technology there.
Cryptocurrency is just one of the ways to use blockchain technology, and there may be an infinite number of them.
hero member
Activity: 2268
Merit: 579
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Yes it can, but until now every government only sees the blockchain is a device from crypto currency that cannot be separated, they think when adopting the blockchain they also adopt crypto currency even though it is not like that. Blockchain can be used in several sectors, such as the education, health and many more sectors. I hope the government can assess more clearly the function of blockhain or crypto currency after they can feel the impact.
You might right with what you said about some governments seeming blockchain as a device from crypto currency because we still some ignorant governments. But 90% of them have been aware of gap between crypto currency and blockchain through ripple which is a centralized networks. In addition, ripple offered two services (i.e technology which is Ripple and crypto which is XRP) this the reason behind some private companies partnered with them.
What I'm trying to point out is that a lot of governments already knew the different between blockchain and crypto currency through ripple services.
sr. member
Activity: 980
Merit: 252
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 ?
You have already been answered on 5 pages that the use of blockchain without cryptocurrency is certainly possible.Specifically, in financial institutions, this is most likely impractical. Using the blockchain, a financial institution clearly implies the use of cryptocurrency.many countries have long been using blockchain technology in various industries. This is certainly the latest, promising technology.they absolutely do not need cryptocurrency for this
full member
Activity: 1498
Merit: 146
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 ?
Blockchain technology has been used in the crypto currency usage but it doesn't means they there will be relationship on both,anyone can use Blockchain technology in the way they want and also they can create their own blockchain technology so if government want to use it even if they don't want to have cryptocurrencies then it is possible.
full member
Activity: 588
Merit: 100
Platform blockchain is the technology on which cryptocurrency trading is based. At the moment, this technology is used in many areas of our life, facilitating them. Therefore, the blockchain has a great future regardless of what happens in the future with the crypto market.
legendary
Activity: 1904
Merit: 1277
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 ?

Yes, definitely, as they're not the same things.

But we need to understand that these 'bans' are likely just temporary as governments rush to get legislation in place. Use of blockchain without crypto is certainly possible, but following this path does mean that the user is not exploiting the potential of blockchain to the full. I think it's only a matter of time before crypto becomes legal almost everywhere.
sr. member
Activity: 1246
Merit: 255
Yes, it is very possible for government to accept block chain and ignore or reject crypto currency. Blockchain is  wide a lot of institutions are attached to it. The crypto currency is just one of the chains attached to the internet block .it is rather difficult to accept cryptocurrency and reject blockchain.
jr. member
Activity: 770
Merit: 9
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 ?

Blockchain technology (decentralized distributed legders) is a side effect from governments and corporations attempting to operate in secrecy for so long, in effect, hiding the fact they are designed like feudalistic systems created to enrich the few off the labor of many.  Blockchain introduces immutable transparency - something modern, behemoth govs and mega corps will fight tooth and nail to prevent the widespread adoption of.  The survival of those monopolies in their current forms are dependent on the masses continuing to shun and/or ignore blockchain technology.  This can partly explain the massive progaganda blitzes put on by the enemies of humanity.

Cryptocurrencies are the first and biggest rage to attach to the blockchain technology wagon.  This is a natural fit as the world is long over-due for a monetary reset/paradigm shift in how the masses use money.  Governments allowing privately owned corporations to issue a nation's money at interest (usury) is why humanity has been trapped in repeating cycles of history (treading water) rather than continuing on to greater and greater levels of evolutionary physical and spiritual achievements.

Anything can be used for money and many things have throughout history.  The prevalent propaganda circulating regarding cryptos is designed to scare sheople back onto fiat ranch and train them to keep their heads down starting at the beautiful, bright green grass.  Cryptos level the playing field for the common man and small & medium business.....the majority of us.  The aristocratic families are evil and won't loosen their grip on the reins of control without one hell of a fight.  Cryptos may be the ticket to preventing a lot of unnecessary bloodshed.
member
Activity: 868
Merit: 16
Yes it can, but until now every government only sees the blockchain is a device from crypto currency that cannot be separated, they think when adopting the blockchain they also adopt crypto currency even though it is not like that. Blockchain can be used in several sectors, such as the education, health and many more sectors. I hope the government can assess more clearly the function of blockhain or crypto currency after they can feel the impact.
full member
Activity: 448
Merit: 100
What exactly can't the government do? What they want, then do it, especially since there is not a question of global scale) So for me the answer is obvious
jr. member
Activity: 308
Merit: 4
MenaPay - Crypto made easier than cash
Blockchain is one of the greatest invention of today's generation and there are proofs that this technology has a serious potential in terms of providing an opportunity to establish a strong system for digital identity. There are well known banks that is using blockchain and I heard that China is now taking blockchain seriously like how it can benefit them.
full member
Activity: 1820
Merit: 107
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 ?
Yes offcourse  Blockchain is the technology and cryptocurrency is one of the product of Blockchain that uses its system to create a decentralized digital currency so it means that Blockchain is different entity other than crypto-currency and government can used Blockchain without accepting cryptocurrency the government can used blockchain in different fields such for transparency on Transaction,Financial and Banking etc. My country is already see the Blockchain potential  and already set a foundation to use Blockchain as the alternative technology.
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