Topic: How the blockchain will radically transform the economy (Read 273 times)
It will change alot of good in the economy, first it will be more faster , more reliable and more secured transaction . cannot be easily track. And the datas are more distributed so that hackers cannot penetrate
It already is , with cryptos the blockchain will radically transform the economy,but it will take a lot of time from now to become popular.
I think so too. Currently, there is a growing distrust towards banks. Bank transactions or any payment made online or via cash can involve hacking, huge integrity scandals, and high unnecessary fees. Blockchain is a technology that can more or less eliminate many of these issues, transforming the economy Humanity always tends to simplify the things we do to exist, and we improve something until there is another, better way to do it. Blockchain is a revolutionary technology that is designed to simplify our lives, and with it come the many benefits of using a virtual currency. Do you agree?
It already is , with cryptos the blockchain will radically transform the economy,but it will take a lot of time from now to become popular.
You just said the reasons why the governments wants to ban bitcoin. On their part, they won't understand what bitcoin really is and how it can help them but time will come that they will realize like those countries that adopted bitcoin on how its going to contribute their economy.
blockchain technology is currently in great demand by some of the world's people, and with digital currencies such as bitcoin and altcoin that have the power of speed in transactions and low cost make them much digunakn.
It's Bitcoin that will change how this economy works, not blockchain. If banks will use blockchain, they will rather use it as a "close blockchain". So they will use blockchain but they will never change how they centralized the monetary system. Unlike Bitcoin, with an open blockchain, where everyone is free to use the system.
The blockchain is sure to cause a revolution in the world economy through cryptocurrency trading, I forsee a future where every major development in the world economy will be determine from whales in the space, blockchain technology is the revolution of the moment
I complete agree. blockchain can change many aspects of the economy not just one. and not just change but also improve and better economy
Nowadays block chains and ico's changes some economy of the country that are relevant to the crypto industry, this is simply because they have a big impact that they give job to someone that has nothing to do but to be online and pay attention to the crypto currency, and they give chance to the people that are unemployed and also employed ones.
Blockchain based technology not only gonna transfer the economy, it will revolutionize almost every field.
Bitcoin and other cryptocurrencies right now mainly focus on providing financial services but with the development of smart contract and decentralized storage on top of blockchain, it will be useful in many dynamic fields for example hosting, storage, book keeping, logistics, fraud prevention etc.
Bitcoin and other crypto might not be able to completely replace traditional banks but blockchain technology might be the usual backend system for financial institution.
Bitcoin and other cryptocurrencies right now mainly focus on providing financial services but with the development of smart contract and decentralized storage on top of blockchain, it will be useful in many dynamic fields for example hosting, storage, book keeping, logistics, fraud prevention etc.
Bitcoin and other crypto might not be able to completely replace traditional banks but blockchain technology might be the usual backend system for financial institution.
Blockchain technology will enable many industries to link up, and can promote the division and cooperation of people. Improve the efficiency of the society as a whole.
This will certainly take a while because people need to accept it.
People need to be aware and be knowledgeable about blockchain.
it's a well established fact that blockchain is a very good system cryptocurrency is eliminated without the blockchain. unfortunately governments do not support this application system.
Definitely, blockchain technology are the newest technology in our current time. It's already used by the other establishments, companies and businesses because blockchain can give a much better and much convenient way of making deals and/or transactions. Especially to the business field, they believe that their businesses will become much successful in the future with the use of blockchain technology. Actually, I've read some article that Chinese people are wanted and enjoying using blockchain to their businesses because all their transactions become much easier and faster because of it and we all known that Chinese people are the most largest number of people who knows that considered as a good business owners in different part of the world. So it means that blockchain technology can brings the biggest better changes to the economy all over the world.
Blockchain technology will enable many industries to link up, and can promote the division and cooperation of people. Improve the efficiency of the society as a whole.
I don't really see how blockchain will necessarily "transform" the economy per se. It might be implemented on a large scale in numerous institutions, and cryptocurrency might see increasing amounts of adoption, but I don't believe that the way the economy is run is really going to change much.
Fiat currency is still going to exist, and central banks will continue to exist as well as long as there is a centralised government in place.
Bitcoin will be an alternative medium of exchange that will hold its value over time, unlike fiat currency. And when there is a true financial collapse across the board, bitcoin may even become the single dominant global currency. But for now, I think that it's much more plausible to say that blockchain and bitcoin will serve as an alternative that is much better and more immutable than the current infrastructure, which will see increased adoption in the future; instead of saying that it'll "radically transform the economy".
Fiat currency is still going to exist, and central banks will continue to exist as well as long as there is a centralised government in place.
Bitcoin will be an alternative medium of exchange that will hold its value over time, unlike fiat currency. And when there is a true financial collapse across the board, bitcoin may even become the single dominant global currency. But for now, I think that it's much more plausible to say that blockchain and bitcoin will serve as an alternative that is much better and more immutable than the current infrastructure, which will see increased adoption in the future; instead of saying that it'll "radically transform the economy".
There is new technology institution that might change the way people exchange value...
As humans refine ways to lower uncertainty in trade, we end up defining new ways and rules of the trade.. How do you see Blockchain will change the rules of the trade- with it be with cryptos or without cryptos ?
As humans refine ways to lower uncertainty in trade, we end up defining new ways and rules of the trade.. How do you see Blockchain will change the rules of the trade- with it be with cryptos or without cryptos ?
People around the world will see blockchain as a new change in the global economy of currencies where everything will be digital and woul start to adapt it according to each people's decision.
Blockchain technology with its transparency is a solution to honesty and fairness in terms of trade in the crypto world, Blockchain enables the exchange of decentralized digital data,
I think blockchain and crypto need each other.
I think blockchain and crypto need each other.
I think with the passage of time humans are increasingly turning in technology, and increasingly looking for speed and also want a practical way in all fields and especially economic or financial issues in transactions.
The blockchain is sure to cause a revolution in the world economy through cryptocurrency trading, I forsee a future where every major development in the world economy will be determine from whales in the space, blockchain technology is the revolution of the moment
Imagine if all company's shares will be emitted as a token or cryptocurrency!!!
they will be exchanged directly in change of goods or services without the need of exchange it for money first.
transfer commissions will lower really much.
companies have not go through wall street in order to emit their shares, but all companies can sell directly to People with a regulated ICO!!
doesn't it sound good to you? less power to banks and wall street in general!
this new paradigm if well used will help people to gain more freedom than before.
they will be exchanged directly in change of goods or services without the need of exchange it for money first.
transfer commissions will lower really much.
companies have not go through wall street in order to emit their shares, but all companies can sell directly to People with a regulated ICO!!
doesn't it sound good to you? less power to banks and wall street in general!
this new paradigm if well used will help people to gain more freedom than before.
Blockchain is not all about cryptocurrency, but cryptocurrency is all about blockchain, and indeed without blockchain there won't be Crypto.
But blockchain is not centered on cryptocurrency only, and it's quite unfortunate that many governments has not started using this blockchain
But blockchain is not centered on cryptocurrency only, and it's quite unfortunate that many governments has not started using this blockchain
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