Future of Blockchain? - page 23. | Bitcointalksearch.org

SiNeReiNZzz

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Quote from: mobnepal on September 06, 2017, 11:46:46 AM

Quote from: sagarnyc on September 06, 2017, 07:45:10 AM

What do you think is future of Blockchain technology? Where do you see this in next 8-10 years?

Governments and big banks including visa is already researching on implementation of blockchain technology in their existing system to make them more secure and reliable so I think within next decade we will see blockchain tech being used in every systems to make it fast, reliable and secure including ticketing service, book keeping, atms, data storage, hosting, marketplace and many more.

If you are asking for bitcoin than story can be quite different and nobody can predict what will happen to bitcoin in next 8-10 years.

I certainly agree with you, I still doubt that the Government will just be sitting and just sucking their thumbs watching all over us doing nothing. I know someday they would make their move and i think as of now they spreading some scouts all over this economy and is conducting survey on us, just guessing but i think that is how the Government play their card.

annbagira

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Hello! Yes it have a excellent future because it can be useful in any area of our life - history, science, engineering, medicine, social life, space, translations, machines, industry, nuclear power stations, possibly wars and so on. The problem is that people from any genial idea can make weapons and destroy everything around. It can be great investitions in all related with block-chain . I think maybe somebody will find way how cheat on block-chain technology but of course it's amazing technology in our days.

PauloLuks

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The future of Blockchain as technology, from my perspective has the potential to be used in many industries and be adopted on a large scale. I believe that technology can evolve, creating something like generations of blockchain's for different purposes.

oxonhu

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Quote from: sagarnyc on September 06, 2017, 07:45:10 AM

What do you think is future of Blockchain technology? Where do you see this in next 8-10 years?

blockchain is future . just think when better computers come and than everybody can be somehow part of blockchain, that will be great Wink

people , companies, banks , hospitals , insurance . . all will use blockchain.

Svelto

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IMO, I think Blockchain technology will be used by most big and small organisations in the next 8 to 10 years. Most of the services in our daily life will be served by blockchain technology. For example, data transmitting, payment processors, virtual storage, telecommunication and etc.

k@suy

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Quote from: jatin729 on September 06, 2017, 09:06:07 PM

future of blockchain is very bright, as we seen
Less transaction fee,
less time taken,
Provable transfer,
Escrow service,
and many advantages

Blockchain technology could be adopted by government to use it with banking sector. because it would help to zero error of transactions.

Also, blockchain will be fully utilized in all areas and field even in government. All transaction and data will be in the blockchain and this is the future. More sophisticated and improve blockchain will be witnessed in the future as this technology becomes popular.

jatin729

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future of blockchain is very bright, as we seen
Less transaction fee,
less time taken,
Provable transfer,
Escrow service,
and many advantages

Blockchain technology could be adopted by government to use it with banking sector. because it would help to zero error of transactions.

dutchkay

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The truth is that blockchain is a good innovation and we are still seeing the early days of it. But for this technology to survive government will control it, or it might die off currently not in their grasp now. I believe that once the big companies enters into it then it's already controlled by d government. My opinion though

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Quote from: sagarnyc on September 06, 2017, 07:45:10 AM

What do you think is future of Blockchain technology? Where do you see this in next 8-10 years?

Blockchain is not only bitcoin and altcoins. Blockchain is a system, a technology, etc. It can help various parts of everyday life, everywhere, where you find data and where you need to deal with data. Just think about the smart contract ideas of eth, some of them are not related to coins or money (just indirectly).
8-10 years? e.g. in fintech apps, you can't compare the status of the technology in 3 months time...

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Quote from: Cloud27 on September 06, 2017, 12:10:31 PM

The future of blockchain technology is huge. The use of this technology is an imaginable. Let's focus for its main function the recording of data. Can you imagine how useful it will become for all Government transactions and banking system, despite the fact that these two are the main protagonist of bitcoin for most of us bitcoin users. This will be massive for private businesses, schools and medical establishments that need this kind of platform, a data record that cannot be altered. The market for a blockchain developer is interestingly bright. The demand for blockchain developer will be felt by all sectors.

Honestly, I don't see how Bitcoin can be of any help here

If you need data redundancy across the network, you don't need the blockchain technology for that. You just use a distributed database, and that's pretty much it. Blockchain is good in a trustless network where no one trusts anyone else. This is perfect for decentralized currencies, but other than that, it is mostly useless in comparison with specialized tools (like distributed databases I just mentioned). Regarding the question in the OP, I guess we should see more 2nd and 3d layer solutions (things like Lightning Network and decentralized exchanges integrated in the blockchain itself)

lentzaj

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Quote from: rezurect on September 06, 2017, 12:29:35 PM

The future of the blockchain looks bright imo.
We need faster transactions, lower transaction fee's and when btc will introduce smartcontracts I think things will really take off.

Do you have any references about smartcontract implementation on BTC ? If BTC goes "smart" that might be a real thread to ETH !

To answer the thread question : I think blockchain in ten year will be like internet today. People will use it in their everyday life without knowing nor understanding the technologies behind the services they use in their day to day life. Blockchain everywhere !

rezurect

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The future of the blockchain looks bright imo.
We need faster transactions, lower transaction fee's and when btc will introduce smartcontracts I think things will really take off.

Cloud27

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The future of blockchain technology is huge. The use of this technology is an imaginable. Let's focus for its main function the recording of data. Can you imagine how useful it will become for all Government transactions and banking system, despite the fact that these two are the main protagonist of bitcoin for most of us bitcoin users. This will be massive for private businesses, schools and medical establishments that need this kind of platform, a data record that cannot be altered. The market for a blockchain developer is interestingly bright. The demand for blockchain developer will be felt by all sectors.

reflector

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Quote from: sagarnyc on September 06, 2017, 07:45:10 AM

What do you think is future of Blockchain technology? Where do you see this in next 8-10 years?

Now you might noticed so many altcoin projects and ICO have been created with the ethereum based smart only contracts. Blockchain team had meeting with the US government after trump taken the rule of US. Till that day to now bitcoin price seems increases as well as eth price and potential started increasing.

mobnepal

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Quote from: sagarnyc on September 06, 2017, 07:45:10 AM

What do you think is future of Blockchain technology? Where do you see this in next 8-10 years?

Governments and big banks including visa is already researching on implementation of blockchain technology in their existing system to make them more secure and reliable so I think within next decade we will see blockchain tech being used in every systems to make it fast, reliable and secure including ticketing service, book keeping, atms, data storage, hosting, marketplace and many more.

If you are asking for bitcoin than story can be quite different and nobody can predict what will happen to bitcoin in next 8-10 years.

rajuahmed330

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Quote from: sagarnyc on September 06, 2017, 07:45:10 AM

What do you think is future of Blockchain technology? Where do you see this in next 8-10 years?

Nice question. But answer is difficult.
But I think, it will grow with more currency and more secure and so much better.
Its my opinion bro..

utrivedi

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This is just my opinion. Talking specifically about Bitcoin, I think it has a great future. 1st it is open source and many people have invested a lot in bitcoin specifically.
* Recently IDG and Sequoia disclosed their interest in investing around $50MM in Bitmain.
* The Founder of Bitmain thinks BTC has a potential of going till $100k.
* The prices will only go up due to increase in adoption. Still there are many people around the world who have not even discovered Bitcoin yet.

Pursuer

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so far blockchain technology is the following:
- bitcoin as the biggest thing that anyone knows. it is on a large scale, a lot of users, a lot of usages, and high value.
- altcoins which have many innovations among them. but majority of them are pump and dumps wasting resources to just exist and have a value that goes up and down with manipulation. the good projects are dying because they fail to pump and dump.
- banks and other financial groups working on making their own centralized blockchains. this can also help improve but since it will be closed source I wouldn't keep my hopes up.

obviously each of these have room to grow even more. bitcoin to get adopted more and add new features, altcoins to explore the new territories that are beyond bitcoin's scope and they are.

LeGaulois

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The blockchain technology will be bigger than the Bitcoin itself. As there are a lot of industries where the blockchain could be implemented Millions of people will use the blockchain without knowing it. From Health care, insurance to real estate, we are still at the very beginning. Even if you can mix with IOT and AI it could be an economic bomb.

sagarnyc

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What do you think is future of Blockchain technology? Where do you see this in next 8-10 years?

Topic: Future of Blockchain? - page 23. (Read 3630 times)