Has Blockchain Technology revolution is successful or not? - page 4.

irixo10

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Quote from: masterrex on February 09, 2020, 12:22:18 PM

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!

Although we are yet to see a massive adoption in various sectors etc but I can say blockchain has come a long way and have been adopted by many industries and platforms. Like someone rightly mentioned, Walmart, IBM have taken a stand on blockchain, Samsung on the other hand is also taking their own stand on what blockchain offers. Let me not forget Opera browser which now have a crypto wallet, slow and steady we are getting there because blockchain has come to stay and those who knows what lies in the future are taking their position so as not to be left out. However more improvement is needed to bring blockchain to the larger world.

hatshepsut93

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Quote from: masterrex on February 09, 2020, 12:22:18 PM

what was the development they are contributed to our society and how the blockchain technology helping our current industries and services?

Blockchain technology helped some people to become more rich by boosting the value of their stocks or by allowing them to run investment scams (ICO, IEO, altcoins, etc.). On practice blockchain technology had almost no effect - no one uses seriously uses it, at best some companies run trials to see if its worth using.

And cryptocurrencies shouldn't be viewed as application of blockchain technology - blockchain is secondary, not primary, they weren't created by blockchain, blockchain was created by one of them, namely Bitcoin.

Zicadis

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Quote from: masterrex on February 09, 2020, 12:22:18 PM

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!

The revolution has just begun bro. A decade is not a lot of time in the grand scheme of things, but blockchain and cryptocurrencies have done an incredible job in this time.

You need to understand that they are still highly experimental technologies, so we're not seeing them used too much in every day usage, but nonetheless they will at some point in future.

Think about how long it took the internet to become what it is today? It was invented back in 60s, but people really only began to fully explore its potential in the 90s and 00s.

Blockchain will likely follow a similar, but slightly accelerated trajectory and see mainstream use in 10-15 years.

We'll probably see the first of these commercial applicants within just a couple of years though.

deeameea27

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I think yes as is talked about it on many tv channels, and many companies and banks want to use it and to adopt it, it really make the work most easy and more fast to search any info on.

kindbtc

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It has been a massive success that is why governments are allowing it, unfortunately the progress regarding govt policy and other regulatory procedures has been very slow which has hindered the mass adoption but almost all countries are now working on it and next 2 3 years are going to be massive regarding mass adoption of blockchain technology as well as cryptocurrencies.

jacafbiz

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Thanks to ICOs that makes Blockchain a real thing in the space, most of these projects comes to the space to raise money and hiding under blockchain, most are just common database. There is no doubt that it shows promises but we are still are the surface and some companies are now trying to apply it into the real world. I know IBM and some other big companies are doing real work in this area, it will surely take time

kambaralikhan

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No matter how innovative, how revolutionary technology emerges, every technology driven advancement requires mass adoption and this is where blockchain technology lacks. I'm very much impressed with the idea of blockchain, the idea of holding your own money in your hands, instead of relying on banks or to rely of a middle man or institute to make a transaction. Being your own bank and this is something admiring and worth it. I believe with the passage of time Cryptocurrencies will be start using by almost everyone.

Magkirap

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Quote from: Tipstar on February 09, 2020, 01:31:28 PM

Blockchain is one of the most successful tech as it's adoption is one of the fastest among new tech. Within the decade of it's inception it has become a hot debate among the leaders of the countries around the world. And it is slowly making to our everyday life with the implementation of blockchain in Internet of things. Blockchain is a safe standard for different technologies.

Indeed, blockchain have contributed lots of things to the industry like improving transaction time, less fraud, much safer records and many more and yes it is one of the most good technology adaption the world have made and will continue its good effect in the future. I can safetly say that it is a successfull system, we just need most companies to see its potential and finally adapt into it, imagine what world we will have once systems in our countries are run by blockchain.

nakisama

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my take on blockchain.

A company trying to sell their product has customers that use a proprietary software, paying a license for it.
Now, will every customer be considered as a running node and validating the information within that company's blockchain?

that is what I still don't see.

Banks will continue to centralize everything.

Or if in some cases they are pushed to do something imposed by central authorities (I can remember T2S in Europe where settlement activity is running through the ECB). If that will occur in the future with the issuance of digital central money (just because it is trendy), can this avoid a new financial crisis? not sure

ije07

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can be said that the existence of Blokchain technology has changed the Digital industry for the better in every side including transaction services and other needs. we can see that since Blokchain Technology emerged, the adoption of crypto increased, most companies started to be interested and even developed their own coins through this technology. blokchain has provided many benefits for its users, I think this technology is a technological revolution for the future.

thottum

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Quote from: masterrex on February 09, 2020, 12:22:18 PM

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!

Some of the big companies that adopted blockchain are FedEx, KIK, IBM and Walmart have started to use blockchain technology. And several companies like Mastercard, Microsoft, Bank of America, etc has filed several patents on the blockchain. Several financial institutions have already started blockchain-based services along with ripple. So several companies started to look into the potential of blockchain technology and it's still early to say whether it's successful or not as of now.

Tipstar

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Blockchain is one of the most successful tech as it's adoption is one of the fastest among new tech. Within the decade of it's inception it has become a hot debate among the leaders of the countries around the world. And it is slowly making to our everyday life with the implementation of blockchain in Internet of things. Blockchain is a safe standard for different technologies.

Marckolind

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Blockchain interoperability and decentralization will be the most important factor for mainstream adoption.
What's the point of thousands of different blockchains that can't communicate? Makes 0 sense in a world of different options and opinions.

Blocknet's primarily focus is to link blockchains and real world applications together through decentralized oracles. Read up on their XRouter, here: https://blocknet.co/introducing-xrouter-developers-can-now-mix-and-match-any-blockchain-via-the-worlds-first-blockchain-router/

More over, everyone needs to benefit from decentralization. We've seen so many exchanges taken down due to hacks, fraud, and other scandals. Never have the general crypto enthusiasts been more concerned about decentralization than now, you basically see these discussions everywhere.

Blocknet's DEX: https://blockdx.com/ Reached more than $100,000 in daily volume a few days ago, which is pretty impressive considering that most people seem to neglect these trading platforms, when in reality, they are the safest options, and removes the middleman completely. Wink

shinratensei_

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Quote from: masterrex on February 09, 2020, 12:22:18 PM

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!

The blockchain industries have already given so many contributions. I just wanna try to remind you about how the scalability blockchain has been helping us to get instant and cheap transactions compared with the traditional tx. It helps us to get the privacy coin caused by some blockchains that have been developing to provide the best privacy tech.
The traditional economic institution has already considered adopting blockchain system too.
That means we have a lready got so many advantages by the existing of the blockchain since bitcoin was created. This will never be exist without the help from satoshi nakamoto and bitcoin.

masterrex

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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!

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