Pages:
Author

Topic: How blockchain technology is changing the world (Read 704 times)

hero member
Activity: 2814
Merit: 911
Have Fun )@@( Stay Safe
blockchain and cryptos are both tandem because one cant stand out or exist if one is missing  . so the credit should goes to the both of them
Looks like you misunderstood block chain and cryptocurrency and its functions, block chain is a list of records which is linked cryptographically and Satoshi invented block chain to use it as a public ledger for bitcoin so that the issue of double spending will be sorted, so block chain have different functions and it is one of the biggest invention in the world, hope you understand the difference between them.
full member
Activity: 1750
Merit: 118
Because of the opportunity that cryptocurrency gives to the people. Blockchain technology changes the lifestyle of the people.
First of all cryptos are only a currency and they arent the ones that provides carreer or oppurtunites but its the company or the big business  .

 the company or the business that is somehow related to cryptos and the blockhain are the ones that hire people to help them to promote and do other task and they pay you cryptos  .

blockchain and cryptos are both tandem because one cant stand out or exist if one is missing  . so the credit should goes to the both of them

member
Activity: 630
Merit: 20
Blockchain technology indeed is very good and people can start using it in a lot of domains and also this simplifies the work need to be done, if there not was blockchain technology was much harder to store data for long time.

This just imply that blockchain technology is now stepping in,in different fields in the industry. This technology has been started to use by some areas but not yet implemented at some. We can't really say how mass adoption totally hug our world in terms of blockchain technologies. It is easier and convenient if all fields gonna accept it but needs to further test first before implementing it.
hero member
Activity: 924
Merit: 501
Blockchain's main advantage is reliability. Being a distributed network information where information is stored in nodes in thousands of devices (decentralization), instead of a single and a backup server most systems are used to run. So it is resistant to attacks and failures. Meanwhile every banking system suffers from technical blackouts quite often. Visa made a remark last year that customers should always have more than one way to pay. Obvious recognition of the failure of centralized payment systems.

Second major advantage is transparency. Every transaction is recorded in the public ledger and is shared and agreed upon by all network participants.

These two advantages are what governments and banking sector lack and sometimes fear. Most certainly it will be massively implemented in logistics and supply chain and a few major companies already using it (Walmart).



Governments and banking sector are not yet ready to be transparent as they can't hide their financial transactions. Most government institutions are corrupt or hiding many things so with blockchain technology, the public would know if they are embezzling the funds or transferring money to somewhere.

Logistics and supply chain would greatly benefit from the implementation of blockchain technology if properly established within their system. They will save millions of dollars in operations alone once their blockchain system is up and running. We couldn't wait that to happen in our age.

This is exactly what I was thinking. Governments will not be able to hide their spendings since it is all transparent as day. They will have a lot to answer for and will not be able to lie or hide since it is a fact and you canot argue with facts. Even if government official make arms deals that movement of funds will need to be accounted for. So you see if goverments use thoeir "power" against crypto we can use it to help ourselves and demand they use their own blockchain. This is much further into the future but it is very exciting stuff. I can't wait.  Cheesy
sr. member
Activity: 819
Merit: 251
Blockchain for me is the number one system when it comes to security and also transparency. Changing the world with blockchain is already happening, there are some business that involves cryptocurrency and blockchain technology. Transparency is one of the best things that you can have when you are having a business.
Blockchain provides that without worrying about the security.
sr. member
Activity: 1540
Merit: 420
www.Artemis.co
Blockchain technology will make every industry more transparent and secure. By its almost limitless application it will become part of what we do daily in the future from workplaces, public offices and banks no matter where we go there is blockchain its like evolution of telecommunication where most of us didn’t see it coming.
newbie
Activity: 4
Merit: 0
Blockchain helped bitcoin user it brought an ease to bitcoin user.An simple interface to use not much hectic to use.And it keeps you updated about bitcoin price
Yes its usefull
sr. member
Activity: 854
Merit: 281
Blockchain plays a vital role in the economic growth of the world. It has been changing every user's life for years and it's reaching out every corner of the world. It only needs mass adoption and acceptance to make it an international currency. Bitcoin has contributed a lot and is making life more convenient because of its functions as a mode of payment. It's giving us financial freedom through its profitable investment.

The decentralized nature of bitcoin has allowed it to be used by Venezuelans as an alternative to its fiat currency that has imploded with hyperinflation, thus saving lives. It is also being used in other countries with very high inflation such as Argentina. It is only a matter of time before a country declares it outright as a legitimate currency along with its fiat currency.
sr. member
Activity: 1666
Merit: 276
Vave.com - Crypto Casino
Blockchain technology is the innovation of the era which has been making a big change all around the different industrial and service sectors wherever its adopted. To my experience blockchain technology provides the transparency which we can't see with the traditional system. Particularly when transparency is there automatically things will take place in a perfect way.
newbie
Activity: 1
Merit: 0

I read an article yesterday about how blockchain is changing the world of e-commerce. https://roobykon.com/blog/posts/82-how-blockchain-technology-affects-future-online-marketplaces
newbie
Activity: 11
Merit: 0
Blockchain could reshape the world! In recent times, blockchain emerged to be one of the most hyped technologies in the industry. Stakeholders, businesses, and startups are looking for means to instil this disrupted technology for better business outcomes.
member
Activity: 994
Merit: 20
Blockchain technology has contributed to many sectors and it continues to grow better and better day by day. Companies has been competing each other for Blockchain. They want to be ahead of their rivals by using Blockchain.
member
Activity: 805
Merit: 26
Because of the opportunity that cryptocurrency gives to the people. Blockchain technology changes the lifestyle of the people. In fact, some of us here are not financial stable. But because, blockchain technology was founded and many jobs have been created from the start, it changes us.
full member
Activity: 1904
Merit: 138
★Bitvest.io★ Play Plinko or Invest!
Blockchain's main advantage is reliability. Being a distributed network information where information is stored in nodes in thousands of devices (decentralization), instead of a single and a backup server most systems are used to run. So it is resistant to attacks and failures. Meanwhile every banking system suffers from technical blackouts quite often. Visa made a remark last year that customers should always have more than one way to pay. Obvious recognition of the failure of centralized payment systems.

Second major advantage is transparency. Every transaction is recorded in the public ledger and is shared and agreed upon by all network participants.

These two advantages are what governments and banking sector lack and sometimes fear. Most certainly it will be massively implemented in logistics and supply chain and a few major companies already using it (Walmart).



Governments and banking sector are not yet ready to be transparent as they can't hide their financial transactions. Most government institutions are corrupt or hiding many things so with blockchain technology, the public would know if they are embezzling the funds or transferring money to somewhere.

Logistics and supply chain would greatly benefit from the implementation of blockchain technology if properly established within their system. They will save millions of dollars in operations alone once their blockchain system is up and running. We couldn't wait that to happen in our age.
hero member
Activity: 1568
Merit: 544
blockchain technology is highly secured transaction also other everything in every sector.
The blockchain is a party that you can trust and verify and use as you like. That can be applied to all kind of sector indeed.
full member
Activity: 471
Merit: 100
In a word Blockchain technology creating big revolution in the whole world and world already changing. Because of it's used in a lot of platform specially it's really massive contribute in the banking system, because i think blockchain technology is highly secured transaction also other everything in every sector.
newbie
Activity: 156
Merit: 0
Blockchain technology is changing the world, making everything faster and easier. This gives us financial freedom through more profitable investments, through current technology.
full member
Activity: 324
Merit: 100
maybe this question is more suitable for the first time there is a blockchain, but with the development to date, bitcoin technology is increasingly known to the world. there are even many platforms in the world using blockchain power for the development of their products. and current economic developments, have recognized the power of blockchain.
jr. member
Activity: 126
Merit: 5
Blockchain's main advantage is reliability. Being a distributed network information where information is stored in nodes in thousands of devices (decentralization), instead of a single and a backup server most systems are used to run. So it is resistant to attacks and failures. Meanwhile every banking system suffers from technical blackouts quite often. Visa made a remark last year that customers should always have more than one way to pay. Obvious recognition of the failure of centralized payment systems.

Second major advantage is transparency. Every transaction is recorded in the public ledger and is shared and agreed upon by all network participants.

These two advantages are what governments and banking sector lack and sometimes fear. Most certainly it will be massively implemented in logistics and supply chain and a few major companies already using it (Walmart).

full member
Activity: 728
Merit: 101
The Standard Protocol - Solving Inflation
Blockchain could reshape the world! In recent times, blockchain emerged to be one of the most hyped technologies in the industry. Stakeholders, businesses, and startups are looking for means to instil this disrupted technology for better business outcomes.

Though in its nascent stage, this technology is on a verge to grow and not cease. However, research is an ongoing process and will continue to take place to see where this technology pans out.

The blockchain revolution has grown to heights that even people who aren’t aware of the technology are talking about it and trying to learn how the technology works. But why is it exploding? Have you wondered about the situation? You might not know the extent of what this technology can do. But we can start off by defining what the technology is and how it works.

Blockchain technology is used as an online record keeping ledger of verified, encrypted amount of data that can be stored in the form of chains. These block of chains is immutable and cannot be altered by anyone outside the network. The property of secured and unique feature attracts organizations to get involved in the technology making it crucial for industries to adopt it for their product development.

For instance, if a transaction takes place, the request transaction is broadcasted to a network (P2P) that exist of many computers called nodes. The node acts as a validator of the transaction that has taken place, this process is done with the help of known algorithms. Once this gets completed, this transaction in combination with other transaction forms a block. This block then gets added to the series of chain that is already in existence, the moment it gets added to the chain it remains unalterable meaning the data cannot be tampered or changed.

Disruptive technology taking over the world - blockchain specialist to stay future ready for the disruption

“40 years from now, Blockchain and all that followed from it will figure more prominently in that story than Bitcoin will," says Lawrence Henry Summers, former US Secretary of the Treasury.

The blockchain revolution is proving a game changer in the industry today. From financial sectors to non-profit organizations, several organizations are putting their bets on this distributed ledger to facilitate business outcomes.

It is believed that this technology will impact businesses in every manner opening up business opportunities to investors, not just in the altcoins but even in industries the digital ledger has the potential to alter. 

As a result, let us look at the following industries where blockchain revolution has taken over:

●   The Finance Services

The disrupted ledger technology has disrupted several aspects in this industry including hedge funds, vetting of investors, peer-to-peer lending, emerging markets, and venture capital.

●   The Security Services

It has protected internal and external threats of both natures including digital and non-digital.

●   Government Services

Implementation of blockchain in several government functions has increased transparency, increase engagement, improved inefficiency and reduce costs.

●   Banking

It is estimated that there are 2.2 billion unbanked people in the world. Blockchain is said to provide banks that will have a comprehensive customer profile.

●   The Education Sector

One can find an immutable record of credentialing and course completion.

●   Healthcare

Customers will now be able to control data sharing with providers or hospitals to have a brief view of the health of the patient. Pharmaceuticals will have improved access to research data for clinical trials.

●   Real Estate

Flexible sharing economy and the fractional economy will now be possible.

Besides these services blockchain has gained a lot of traction in other industries such as transportation, insurance, the food industry, accounting, wireless telecommunication, media, and legal services. These are certain areas that the blockchain technology companies may captivate in the near future. Today, staying abreast in the disrupted technology is one way to cope up with the IT trends.

Won’t it be great to have a world with institutional transparency in government and businesses?

Well we do see clearly the benefit of using blockchain in every aspect of businesses and i do think the main reasons people use blockchain is to minimize the cost. You can read all about blockchain related use cases on https://medium.com/unibrightio, i do not advetising them but i do see a lot of good article related of blockchain use cases on their medium, so i think its worth to read.
Pages:
Jump to: