Centralized Companies Into Decentralized Ecosystem

Dmitry.Vastov

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Quote from: lushlife on May 13, 2018, 11:10:01 AM

Bitcoin, and the idea of digital cash, has taken hold of the banking sector as banks and financial institutions start to experiment internally with blockchains and cryptocurrencies in order to be at the forefront of these technologies.

This, coupled with the fact that government organisations and even global leadership bodies such as the G20 are looking to regulate cryptocurrencies, again give more legitimacy and longevity to the industry.

The latest wave of adoption is now coming from corporations who, traditionally have come to be successful thanks to their centralized domination over different aspects of the market. Microsoft, in the world of computing, are legendary in driving the world to be digital; then there is Amazon, the pioneers of e-commerce.

These companies are in some manner getting forced towards blockchain technology as it has become apparent that this is the future, and even though it goes against their centralized values, they simply cannot miss out.

By Darryn Pollock

https://cointelegraph.com/news/amazon-microsofts-move-to-blockchain-centralized-companies-into-decentralized-ecosystem

I think you are right , all the big centralised companies are now heading towards the decentralised culture and I think this is the only key to success in the present era. Bitcoin being the most successful, most sustainable, largest crypto currency among all is itself decentralised and even few countries has adapted bitcoin and declared bitcoin as a mode of the transaction in their nation , though there are several issues with decentralisation but there is lots of profit in the decentralised culture.

Dudeperfect

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Agree! We are heading towards a decentralized era where the dynamics of management would be much different than this age. We will see the companies working without bosses and most of the employees would follow the instructions from the blockchain system developed to replace the traditional work culture of that company. At this point, banks are putting high efforts in order to adopt blockchain technology as this is the matter of survival for them.

Renzzzz

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Bitcoin is getting renowned and a large portion of them are tolerating this digital currency as a result of its development and convenience. Bitcoin and Bitcash is tolerating numerous banks these days since they are watching this on trial premise that blockchain framework is gainful or not but rather it is typical they will acknowledge this money following couple of days after the fact since it has splendid future and the cost of bitcoin is constantly high for bank more often than not they utilized gold for reservation yet now they can utilize bitcoin additionally on the grounds that numerous gold clients are turning here. Additionally numerous enormous organization resemble to utilize blockchain framework as a result of its value.

zinson01

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Amazon and Microsoft this two big companies are move to blockchain.

ovcijisir

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🐪

Quote from: joebrook on May 15, 2018, 01:25:38 PM

Quote from: cryptoroi on May 15, 2018, 12:39:39 PM

Nice overview about the centralized companies. Yes they are getting into the blockchain technology and I pretty sure they will be able to discover its benefit and then embrace the technology properly.

If they are willing to embrace the Blockchain technology why is it so hard that they are no willing to accept the product that’s the currency that came out of it. It’s very hypocritical of the banks.

There is big difference between blockchain and cryptocurrency. Blockchain is just database protected from tempering.

joebrook

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Quote from: cryptoroi on May 15, 2018, 12:39:39 PM

Nice overview about the centralized companies. Yes they are getting into the blockchain technology and I pretty sure they will be able to discover its benefit and then embrace the technology properly.

If they are willing to embrace the Blockchain technology why is it so hard that they are no willing to accept the product that’s the currency that came out of it. It’s very hypocritical of the banks.

bitmover

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bitcoindata.science

Being decentralized means anyone can join the ecosystem, even a centralized company.

That's not bad at all. Sometimes centralization is desired. You don't want it in a global currency, but in your company that's maybe the only way possible for it to work.

cryptoroi

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Nice overview about the centralized companies. Yes they are getting into the blockchain technology and I pretty sure they will be able to discover its benefit and then embrace the technology properly.

leoliln45

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actually banks are afried of blockchain technology and crypto cureency man. deep inside they all know that it is the future, no matter Amazon or Microsoft they all have to come under the shade of blockchain technology there are no better alternative.

Xester

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Quote from: jimlyon on May 14, 2018, 09:59:38 PM

Bitcoin is getting famous and most of them are accepting this crypto currency because of its growth and usefulness. Bitcoin & Bitcash is accepting many banks nowadays because they are watching this on trial basis that blockchain system is profitable or not but it is normal they will accept this currency after few days later because it has bright future and the price of bitcoin is always high for bank usually they used gold for reservation but now they can use bitcoin also because many gold users are turning here. Also many big company are like to use blockchain system because of its usefulness.

The centralized companies who are thinking of using the blockchain technology is not saying that they will accept and use bitcoin but rather they just want the technology to be incorporated into their system. This does no automatically mean that they will accept bitcoin or any cryptocurrency but rather they will just exploit the technology for their own biased purposes.

squatz1

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Flying Hellfish is a Commie

I know that everyone here loves to say that we're decentralized, but we're really not in the least. Most of us are buying our coins off a centralized exchange (Kraken, Gdax, Coinbase, Gemini,Paxful,etc) And then using a wallet provider (blockchain, coinbase, etc) (some use others, but the majority is still centralized here) And then trade coins on centralized sites, post on this centralized forum, and then use bitcoin (the only decentralized thing here)

Companies are coming in to fight for the centralized portion, which is the large majority of bitcoin. They see a lot of money to be made, and we all know that it's ripe for the taking if they're able to wow us all.

farhiamunni

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This is how bitcoin is getting adopted to different companies of the world. The concept of decentralised currency is flourishing day by day. Accepting bitcoin Amazon, Microsoft is getting technologically advanced and people all over the world are getting chance to know about it

jamesbtcearn

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It is a good news that many companies following centralized systems are coming to the decentralized echo systems that means in the world of crypto currencies like bitcoin. This is the advantage of the bitcoin that it is a decentralized system having no centralized control. Here everyone is free to transact without following any rule of thumb. Now everyone is understanding advantage of the bitcoin system.. In future many other firms will come here to invest in bitcoin.

rogerjordan07

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I think this is a very good news for the crypto world that companies like microsoft and amazon are interested in blockchain technology. I think this will get some benefits for the crypto world. People will know that this is the future technology bitcoin is using and might get more interested in bitcoin.BTCBTC

jimlyon

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Bitcoin is getting famous and most of them are accepting this crypto currency because of its growth and usefulness. Bitcoin & Bitcash is accepting many banks nowadays because they are watching this on trial basis that blockchain system is profitable or not but it is normal they will accept this currency after few days later because it has bright future and the price of bitcoin is always high for bank usually they used gold for reservation but now they can use bitcoin also because many gold users are turning here. Also many big company are like to use blockchain system because of its usefulness.

luisowens

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Well, we all know that sooner or later everyone has to accept the fact that cryptocurrency is the future of the digital financial system. Gradually , more and more organizations and companies are taking interest in the block chain system. Roll Eyes

lushlife

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Bitcoin, and the idea of digital cash, has taken hold of the banking sector as banks and financial institutions start to experiment internally with blockchains and cryptocurrencies in order to be at the forefront of these technologies.

This, coupled with the fact that government organisations and even global leadership bodies such as the G20 are looking to regulate cryptocurrencies, again give more legitimacy and longevity to the industry.

The latest wave of adoption is now coming from corporations who, traditionally have come to be successful thanks to their centralized domination over different aspects of the market. Microsoft, in the world of computing, are legendary in driving the world to be digital; then there is Amazon, the pioneers of e-commerce.

These companies are in some manner getting forced towards blockchain technology as it has become apparent that this is the future, and even though it goes against their centralized values, they simply cannot miss out.

By Darryn Pollock

https://cointelegraph.com/news/amazon-microsofts-move-to-blockchain-centralized-companies-into-decentralized-ecosystem

Topic: Centralized Companies Into Decentralized Ecosystem (Read 132 times)