Do we need blockchain technology? - page 9.

qwertyup23

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Quote from: aoluain on November 03, 2018, 03:05:36 PM

Whether we need blockchain technology or not it is helping to shape the next
industrial revolution.

We all know there are many projects which are useless but there are some which
have viable projects. Blockchain technology will be used in the future and there
are big brand tech companies developing projects on Blockchains.

The blockchain technology will definitely be utilized in the future as it is the prime example of a revolutionary technology that would shape the next generation of payments and transaction.

Unlike our current transactions, we rely on third-party users for their trusts to keep our moneys safe or for the information that they claim to be true. When we apply the blockchain, it eliminates the need for any third-party users to handle our transactions since all history of payments would be reflected in a public ledger accessible to everyone. What is the relevance? All information about the history of its transactions can be seen and no one could ever tamper or change the information.

From this standpoint alone, the blockchain technology has unlimited potential for transactions and it we may expect it to be used in the far future.

eagleman

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Quote from: Hannahanto on March 09, 2019, 05:31:59 PM

Yes. I am sure everyone who knows its benefits, would demand to have blockchain technology. I heard news that few governments adapted it and integrated storing all their datas into it trusting on its secured system. Private sectors have adapted it as well.

There were some private companies that already adopted the technology.

Companies that are looking for this kind of tech can easily adopt it. When they can't just trust their employees but they can trust the system that they are using like blockchain.

As for those companies that are still skeptic about it, they can lurk around and wait for those companies to give feedback on how it's very convenient and effective to their businesses.

TravelMug

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Blockchain technology has a lot of advantage so why not take it? Russia even reported that they're going to implement a sort of blockchain based voting so that's a good start isn't it?

Maybe that's one use case and then there will be others as well. Even companies now are adopting to this technology specially in the logistics sectors because of the amount of data that they need to processed and I'm sure blockchain will be a big help specially that data can't be manipulated or altered ensuring the product conforming to industry standards.

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Quote from: Hannahanto on March 09, 2019, 05:31:59 PM

Yes. I am sure everyone who knows its benefits, would demand to have blockchain technology. I heard news that few governments adapted it and integrated storing all their datas into it trusting on its secured system. Private sectors have adapted it as well.

Many were started to accept blockchain technology cause they'll found out that it is beneficial to us.
We mostly engaged into computer in which we could maximize the used of blockchain and it make simplify our works cause we can easily access data through this.

Kelvinid

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Not necessarily we need it but hence blockchain technology is a part of the development and new discoveries, there is no way to escaped this in fact, it made us more productive and have a favorable life. Besides, our life seems to be easy using this one and this technology will be appreciated by anyone who used this.
As we are in computer era, Blockchain technology have its place to the community.

Hannahanto

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Yes. I am sure everyone who knows its benefits, would demand to have blockchain technology. I heard news that few governments adapted it and integrated storing all their datas into it trusting on its secured system. Private sectors have adapted it as well.

slocker

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Simply we could say we need. But this will not be possible in next maybe 10-20 years. Current monetary system will not allow it more important banks wont allow it to be used commercially. If this comes to some solution that would be good for both sides then it will be possible to reconsider something.

Olatunjex

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Quote from: tuongvi1991 on November 03, 2018, 08:33:34 AM

Hello everyone.

When I see there are too many ICO and shitcoins on novaexchange. I keep asking myself: do we really need blockchain technology?

In case of Bitcoin. Of course, I agree.
What about ETH? I agree too.

But, have a look at the others on the market. I don't even know why should people use their service. There is no real use in real life.

An ad management system on blockchain? - We already had Google Ads & Facebook Ads.
A social network on blockchain? (steem) - Do we? I don't see anything but a centralized forum hosted on a random hosting using its currency to pay for the writers.

There are too many projects that we don't really need it on blockchain.

Sometimes, I think there is a black swan (Blockchain is useless in real life) lurking around.

Out of all use case blockchain technology have you sited steem there are many project that has launched it's product on blockchain and have proven useful to real life use case blockchain transaction can't be erased it can be use to reduce corruption is some country also.
Blockchian can be used to conduct a good and credible election anywhere in the world, i will enjoy you to see a lot of possibilities which blockchain technology possess that is just few use case i stated above.

dzhan

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I think the blockchain technology usability will increase with time, and it have indeed a very shining future. I agree with you that there are so many ICO projects trying to involve this technology in useless domains, but there are also many projects having good concepts.

bp124

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Quote from: tuongvi1991 on November 03, 2018, 08:33:34 AM

Hello everyone.

When I see there are too many ICO and shitcoins on novaexchange. I keep asking myself: do we really need blockchain technology?

In case of Bitcoin. Of course, I agree.
What about ETH? I agree too.

But, have a look at the others on the market. I don't even know why should people use their service. There is no real use in real life.

An ad management system on blockchain? - We already had Google Ads & Facebook Ads.
A social network on blockchain? (steem) - Do we? I don't see anything but a centralized forum hosted on a random hosting using its currency to pay for the writers.

There are too many projects that we don't really need it on blockchain.

Sometimes, I think there is a black swan (Blockchain is useless in real life) lurking around.

In-fact we all need blockchain because with blockchain technology thats the only way individuals can get their freedom . the fact that you see allot of shit project and shitcoin doesnt mean there shouldnt be a new project , Everyday they discover new solution to a new problem , so the fact that there is google and Facebook ad doesn't mean there shouldn't be new ad project because they might have problem where people might have solution to that .. So put in mind that there is always a new discovery and solution to every problem so there is always going to be a new project ..

St4yInTh3D4rk

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Quote from: johanesrobin on January 28, 2019, 06:39:40 PM

Thailand has proven that blockchain technology is very useful. they use this technology for general elections.
a little more advanced than other countries. Blockchain is the technology of the future.

Actually no countries used it in their general elections,maybe they tried this at some place or they implemented this system all the election places?

If you have link to that article I will be interested to see it.

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Quote from: tuongvi1991 on November 03, 2018, 08:33:34 AM

Sometimes, I think there is a black swan (Blockchain is useless in real life) lurking around.

No, if not for the blockchain you wouldn’t be here talking about cryptocurrency. If blockchain should be removed, then there will be no way for you to make use of Bitcoin and other cryptocurrencies like Ethereum, Ripple and the rest of them. So, blockchain is still important. I’ve also been seeing some companies working projects that are similar to that of blockchain, but none of them has done something unique with it, they still focus on the same transaction which is what the current Blockchain is already offering to us.

Quote from: StarofBTC on January 15, 2019, 12:24:08 PM

due to few wrong examples, we cannot ignore a versatile new invention.

That is the point. All the system and innovations are always coming with pros and cons both. If we are able to make our day to day life better out of those innovation then we must adopt them immediately. This way, we must need blockchain technology. I guess regardless of one or two people/government against to it, I guess no one could stop its evaluation in coming years.

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Thailand has proven that blockchain technology is very useful. they use this technology for general elections.
a little more advanced than other countries. Blockchain is the technology of the future.

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Quote from: Wasimalik on January 23, 2019, 09:01:18 AM

I think we really need blockchain technology in almost every field of life. Look for many innovations of blockchain technology in upcoming years.

We already saw a lot of usage of blockchain technology and it really helps a lot, so for me it can be a good and useful technology for the future. Maybe we don’t see it now but if this market continues to grow we will see a more good blockchain technology.

FIFA worldcup

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Yes, for most applications, they don't actually need a blockchain. These projects are using the heat of blockchain.

I think blockchain can be used in many different ways and not just in bitcoins. They can be applied in appliances and in many application. Not many people know the true benefit of blockchain and if they understand it, surely they will realize that it can change the whole way of working.

Also most people are only aware of bitcoin and never heard that block chain is a revolutionary technology.

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Quote from: bitbunnny on January 27, 2019, 03:38:18 AM

Yes, we need blockchain. It's revolutionary technology that could be used in many different areas, it's not related only to cryptocurrencies. I think that many businesses have already realised the good sides of it amd think the ways how it could be implemented. Blockchain technology largley contributes to transparency and you can always follow the data from the begininig to the very end which is a huge advantage. With time it will be more and more adopted not only by private but also by government institutions as a best option.

You are right, revolutionary technology that can change entire world. Digitalization, tokenization, terms that many people still don`t understand, but there isn`t other way. One more thing, paper will become obsolete, now many things are digital and we can just see more of it. Revolution for better arranged society, we definitely need blockchain technology!

bitbunnny

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Yes, we need blockchain. It's revolutionary technology that could be used in many different areas, it's not related only to cryptocurrencies. I think that many businesses have already realised the good sides of it amd think the ways how it could be implemented. Blockchain technology largley contributes to transparency and you can always follow the data from the begininig to the very end which is a huge advantage. With time it will be more and more adopted not only by private but also by government institutions as a best option.

Best Dreams

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Quote from: emulsifryer on January 26, 2019, 02:16:59 AM

Quote from: Thanasis on January 19, 2019, 02:15:49 PM

Most of the altcoins were run on their own blockchain and tokens use other coins blockchain for transaction is there any problem with it.The purpose of blockchain was security reasons not for the usage of crypto currencies.

I do agree with you about that blockchain is for the security purposes in which all the data transaction can easily be stored in a most efficient way and it also resist to modified all the data.

But the only issue is security which can be solve with the help of this wallet that’s why we all really need this to hold our coin for long time, holding is best source to increase your money and to to make profit, if we will use blockchain we can have multi benefits which is like holding, huge access of coin and reliable use at any place without any extra cuttings.

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Quote from: shesheboy on January 26, 2019, 03:40:04 AM

Quote from: emulsifryer on January 26, 2019, 02:16:59 AM

Quote from: Thanasis on January 19, 2019, 02:15:49 PM

Most of the altcoins were run on their own blockchain and tokens use other coins blockchain for transaction is there any problem with it.The purpose of blockchain was security reasons not for the usage of crypto currencies.

I do agree with you about that blockchain is for the security purposes in which all the data transaction can easily be stored in a most efficient way and it also resist to modified all the data.

You guys are both correct and with that explanation we must really need a blockchain technology because it is important to us . the only problem is that other company , organization and government will they also accept it ? some wants the traditional system because they can easily modify their data's and of course to do evil things but if they are already using blockchain , they know that they cant do these anymore .

Blockchain technology is very convenient to use, then yes it is very helpful to us especially in an online transaction that has transparency but the thing they did not like is Bitcoin they refused this due to the unregulated system which is decentralized. Hopefully, government and blockchain technology will join forces everywhere in the world.

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Quote from: emulsifryer on January 26, 2019, 02:16:59 AM

Quote from: Thanasis on January 19, 2019, 02:15:49 PM

Most of the altcoins were run on their own blockchain and tokens use other coins blockchain for transaction is there any problem with it.The purpose of blockchain was security reasons not for the usage of crypto currencies.

I do agree with you about that blockchain is for the security purposes in which all the data transaction can easily be stored in a most efficient way and it also resist to modified all the data.

You guys are both correct and with that explanation we must really need a blockchain technology because it is important to us . the only problem is that other company , organization and government will they also accept it ? some wants the traditional system because they can easily modify their data's and of course to do evil things but if they are already using blockchain , they know that they cant do these anymore .

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