Topic: Development of Blockchain in future. - page 8. (Read 1906 times)

Constantly new updates of BTC should be issued and people should use BTC more, for example, to pay for services in everyday life, only then it will grow in price

Yes, there would be many developments in blockchsian system. Already they are working on their technological limitations like- scalability and volatility. Let’s see what happens next!

Businesses are moving their data from on-premise servers to cloud. And second, as the block- chain assets’ market like crypto-currencies is getting traction, the business decision makers are planning to diversify their assets and invest in the crypto-currencies. The commercial security products and crypto-currency wallets available in the market today, rely on encryption-based security using a single private key that is stored either on a local computer or an external cloud server. If the key is lost, stolen or hacked, the digital asset is lost. This creates the need for an enterprise class solution that provides a more robust and unified security solution not only for the digital assets like documents, files, emails etc. but also for the crypto-currency assets stored in the cloud.
Security breaches in external cloud servers, internal and external intrusions and hacking by individuals and foreign governments poses a critical threat to the enterprise data stored on commercial cloud servers.
The security of the cloud server is managed by the cloud service providers and the companies have little control over the security of their data and no significant legal remedies if their data or crypto currency assets are compromised on the cloud server.

Technology that is still very young is not implemented in all areas and
various experiments have been carried out by many companies. But I believe in
the future, blockchain technology will change the way the system works thoroughly, in the field
finance as well as the entire industrial sector.

Blockchain indeed will be more profound and much better in a near future. I don't know what exactly the development in blockchain but I do believe in the technology. Even Philippine Central Banks is very keen on looking to utilize blockchain to incorporate in the banking system and government processes. That being said, blockchain will be the backbone of the economy with regards to digital infrastructure.

We all know technology always improving day by day. So i think blockchain technology will far develop from present situation and they also take some initiative for their development.

Blockchain technology has been invented or created or disguised to provide human services. So it needs to be improved all the time and it is still better. I think this technology will become valuable throughout the country and in the future.

Technology is born to serve people. blockchain is created, it is always improved and developed to suit every moment. I am sure that blockchain will be used over the world.

Blockchain is definitely being developed continuously. We now have a lot of different versions of blockchain created by the many other individuals or companies, customized for specific usage. I have also seen few ICOs have developed their own blockchain for specific use in healthcare, sports and energy sector. So blockchain is not only about money always, it's more about the technology now.

My country is not particularly supportive to the cryptos but at the same time, our Prime minster tweeted that our Energy Ministry is exploring options to use blockchain to make our energy network more efficient and to streamline the distribution network. IBM has already started providing enterprise blockchain solutions and services to the interested corporates.

We all know Mr. Jamie Dimon for his hostile attitude towards cryptos, but JPM bank has already filed for a patent to use blockchain technology to facilitate intra-bank payments. We have many other instances of blockchain adoptions worldwide.

So the world has now started acknowledging the power and benefits of blockchain. As more corporate will start their R&D activities on blockchain, we will see a lot of other usage as well. Especially healthcare can use blockchain to maintain their own integrity as this particular sector is lacking serious integrity issue in many countries. But that's just the beginning and a lot more will unfold as the technology progresses. 

Blockchain is always being developed everyday. This technology is brand new, and like any brand new tech it goes through many improvements over time. Just look at the internet for example which today everyone uses, however just 20 years ago no one used it at least compared to these days because in those days it was slow and unreliable to do the things we are able to do today.

blockchains can be linked to any kind of stuff, not only crypto. Since the concept of blockchain is very much strong and works pretty well, the future of block chain is clear as a star.

Blockchain is the term for open community version of data that is linked together and publicly distributed in what is meant to be a quasi decentralised way

Distributed Ledger Technology(DLT) is the term for the closed community version that linked together and selectively distributed in what is meant to be a quasi centralised way.

there are projects like hyperledger which the FIAT banking sector are developing (using the DLT buzzword)
there are thousands of blockchain projects (high majority pump and dump non sustainable) developing (using the blockchain buzzword)

there are some cross over developments around the area of sidechains/sideledgers(DLT):
where a region/country has a chain. imagine it like a bank branch of 8000 customers account history. which link to other regions/countrys chain of the same design. function, just done as separate chains to regionalise and cut down on having one chain abused by millions of people.
whereby these side chain/edgers link to a master chain/ledger(IMF/central bank) which then audits the chains as a whole


there are "off chain" services/networks:
well thats just swapping funds/data without a blockchain/DLT involvement at every usage, which can be done in thousands of different ways because they dont have to rely on chains/DLT as much as people think

there are also multichains/multiledger(DLT):
similar to sidechains. but where each chain/DLT is completely different offering different options. EG one chain/DLT for currency, one for ID. but both chains/DLT are linked/relationshiped together


there are also hyperchains/hyperledgers:
where each chain/DLT is completely different offering different options. EG one chain/DLT for currency, one for ID. but both chains/DLT are linked/relationshiped together but not via a master "chain/ledger" but by a offchain/off ledger

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then with all that said. theres the whole big discussion about whattyp of data is then used.
currency data (tokens/transactions)
Identity data (names and addresses)
voting data (polls and votes)
property data (deeds and Wills)
logistic data (source to destination of produce)

the list goes on

As we all know that technology doesn't stuck at a single place. It always improves day by day. In the same thought, I believe that blockchain is being developed continuously. Do you know that what kind of development would be in blockchain? Please share your points. Thanks.