Topic: Has Blockchain Technology revolution is successful or not? - page 3. (Read 442 times)
Many popular and rich people go against Bitcoin and blockchain in the past now they are in support of the technology, even few countries ban the use of crypto and later the ban was lifted, big companies are now experimenting with the technology including central Banks, it's undeniable success so far and it's not hard to see
I think that blockchain technology has already begun to be introduced very much in modern society. this does not happen very quickly because development needs a lot of time, but I am sure that in 5-10 years this technology will bring humanity to a new technological level
10 years is a long time. So mass adoption isnt shocking to see. The blockchain has nurture in due time and as a user and community supporting its advocacy, I can say that this innovative introduction of Satoshi becomes a thing. Can you imagine if blockchain doesnt discovered? I think we keep relying on such corrupt centralization of some financial institution hence blockchain can helo reduce those barriers keeping us improve. IMO few years from now the impossible thing they say about digital currency as the new system will be the next thing the authority will focus on.
Blockchain and cryptocurrencies are still a very new and emerging technology and it will be some time before the best use cases are found for these types of technologies and they become more widely adopted but they're quickly evolving and will eventually become more successful
I definitely believe that the beginning of some sort of technological evolution has started with Bitcoin and the other cryptocurrencies it's spawned, though it's much too early to say that this revolution is successful yet. Most people have heard of the word 'blockchain' before but don't actively use any services that utilize it, much less use cryptocurrencies at all. Most of the people who directly use crypto use it for trading or investment purposes at the moment, and direct uses for it are still very limited in the physical world.
Well, it is successful in the sense that it showed us what it can do and it did helped a lot of people to improve it to use it on their own systems.
From governments to medical to sports there has been a lot of implementation of blockchain the world regardless of relating to crypto currencies or not, people managed to use it as a database type of thing where they could potentially make sure it was p2p so that it would never be lost ever again, one or two places can get corrupted, there could be floods, fires, earthquakes, as long as it is p2p that data is all around the world and that means it would never be totally gone, which some companies liked and they started using blockchain because of it. Has it changed the whole world financially? No it hasn't but at least it made some difference.
From governments to medical to sports there has been a lot of implementation of blockchain the world regardless of relating to crypto currencies or not, people managed to use it as a database type of thing where they could potentially make sure it was p2p so that it would never be lost ever again, one or two places can get corrupted, there could be floods, fires, earthquakes, as long as it is p2p that data is all around the world and that means it would never be totally gone, which some companies liked and they started using blockchain because of it. Has it changed the whole world financially? No it hasn't but at least it made some difference.
Since the introduction of the cryptocurrency (Bitcoin and Alts) and its revolutionary Technology called Blockchain, way back the year 2008 until now, what was the development they are contributed to our society and how the blockchain technology helping our current industries and services? is the Blockchain Technology revolution is successful or not? Is there any alternative drop in your opinion below!
We are still counting and there are many more achievements to come. What I am saying invariably is that blockchain technology has given an immense contribution to our world. The financial sector has and it's still feeling its impact. Other areas involved in economic development and social wellbeing have also been impacted through blockchain technology. Although, the technology is yet to get the its hallmark, with time, it will get there.
I think blockchain technology has completely revolutionized the industries. Almost all sectors of industries are always considered the use of technology. Finance, Gaming, medicine, etc. in fact the technology has been evolving with the growth increasing everywhere. Now people can make a transaction and get delivered in few minutes compare to similar traditional means. Apart from this, I have come to realize there has been increasing research in the field of blockchain and I have seen so many schools especially in Europes given scholarship for research in the area of blockchain technology and AI
Obviously, the fact that it still exist until now and crypto assets has turn to be a good investment especially bitcoin, that means there is a value on it and there is a potential it will grow in the future, one good uses is the remittances from different border of the world and another one is the gambling where casinos now are more transparent with blockchain and the payment method is easier with crypto.
Since the introduction of the cryptocurrency (Bitcoin and Alts) and its revolutionary Technology called Blockchain, way back the year 2008 until now, what was the development they are contributed to our society and how the blockchain technology helping our current industries and services? is the Blockchain Technology revolution is successful or not? Is there any alternative drop in your opinion below!
We are not yet fully there but can say vividly that we have come along way and as such closer to it. Before now, there haven't been many systems or platforms outside this space which think blockchain was worth it, but nowadays they are getting involved gradually as they have seen that the future is bright. Yes blockchain and as such cryptocurrencies has contributed massively well to the society such as in the payment of some online product and services with crypto, such as in the easy transfer of crypto to friends and families who can then convert to their desired fiat. Also, owing to the immutable nature of a decentralized blockchain, many projects are looking into it already to improve their security, smartphones manufacturers are adding blockchain features etc. Lastly I can say so far, it has been a success but more is still needed.
Blockchain technology is the most in demand employment skill in 2020, that is enough to be successful, also governments will start to adapt this technology for their public services such as filing of documents etc.
I think it's too early to draw such analysis because the blockchain technology is still young though it has seen great improvement and adoption in the last decade. Many crypto enthusiasts are very optimistic about the growth of this industry but let's not forget that governments have some level of power to obstruct its progress. Hopefully, US and China would establish friendly laws to enhance blockchain technology growth. Sometimes some of the developing countries are waiting for the advanced and developed ones to take the lead so that they can follow.
Since the introduction of the cryptocurrency (Bitcoin and Alts) and its revolutionary Technology called Blockchain, way back the year 2008 until now, what was the development they are contributed to our society and how the blockchain technology helping our current industries and services? is the Blockchain Technology revolution is successful or not? Is there any alternative drop in your opinion below!
To me it's already a success, if Banks and CB can start knowing how good the blockchain tech is and want to build their own digital currencies it means the Satoshi vision works and thanks to Bitcoin and Nakamoto himself, making transaction with coins digitally is the best thing that ever happened in my own time since I was born 
there have been many contributions made by blockchain technology, every country that has developed the blockchain has felt it, even some countries have proposed using the blockchain.
maybe the next few years we will be able to feel the effects of the blockchain directly in real life.
maybe the next few years we will be able to feel the effects of the blockchain directly in real life.
If you say is succesfull or not i think its success but not yet successfull, its needed more adoption in real case and real use, this revolution on financial technology need more time and effort not only hype and bubble on cryptocurrency.
Since the introduction of the cryptocurrency (Bitcoin and Alts) and its revolutionary Technology called Blockchain, way back the year 2008 until now, what was the development they are contributed to our society and how the blockchain technology helping our current industries and services? is the Blockchain Technology revolution is successful or not? Is there any alternative drop in your opinion below!
Do you remember how long it took to fully establish the internet? Developing and using the blockchain technology is nothing which is done within a few years. It takes time and it will help the industry sooner or later when they start using the blockchain. For now we can just continue to promote blockchain and bitcoin and introduce more and more people to it, then the blockchain revolution will not end.
You are, I'm here and others are here and this is one of the reasons why we're all staying because of blockchain and cryptocurrency itself. By it means, we're able to deal with the upgraded version of financial transactions through transferring payments with different cryptocurrencies but many are from bitcoin. As we can see the first result and effect of it, we can say that it's been a success for the technology itself because they can also see that there's another use case for it not just for cryptocurrencies.
Since the introduction of the cryptocurrency (Bitcoin and Alts) and its revolutionary Technology called Blockchain, way back the year 2008 until now, what was the development they are contributed to our society and how the blockchain technology helping our current industries and services? is the Blockchain Technology revolution is successful or not? Is there any alternative drop in your opinion below!
I believe so for it is with a grand success and financial experts are finding blockchain technology is still in its early stage hence it will be too early to think about its final outcome. Because, more people around the globe yet to adopt it and only after at least 25% of all to world population are adopting, we will be able to find whether it will be successful or not.Hope you are clear with what is cryptocurrency and what is blockchain technology. Blockchain technology is widely spreading out more faster than crypto currencies; it means it has all the aspects which are focusing on making human life much easier than what we are having today. So, definitely we can expect blockchain technology will be a common one for everyday life.
Its 10 years already and we've seen companies using the technology. Its in the very early stage of its development but we've seen the potentials of what it can do specially in finance. There are developed projects in music industry where musicians earn every penny going to their wallets and can't be pirate as well, the potential is almost limitless if big industries applies blockchain.
Whether or not success depends on the definition of success, If only considering Blockchain is a new technology applied in practice, I think it has achieved success. But compared to technologies that have completely changed people's lives like the Internet, Blockchain has not yet succeeded.
I think that blockchain technology has already begun to be introduced very much in modern society. this does not happen very quickly because development needs a lot of time, but I am sure that in 5-10 years this technology will bring humanity to a new technological level
Jump to: