Topic: Is blockchain a perfect solution? - page 5. (Read 2204 times)

Blockchain is changing the face of every data base and how to manage your affair with no one knowing what you are in to as a decentralized business and transaction.

We still kind of in centralized system of blockchain as many exchange still collect data to know who is behind the funds in that wallet but you can also keep your funds away from them and store it in a wallet that you control the keys.

Blockchain is solving most issue and is here to stay for more issue solve.

Maybe blockchain is the solution to all the problems that exist in this world, from the banking industry to agriculture, but we still don't know because blockchain technology is still limited

In my personal knowledge about in blockchain technology, it is a perfect solution problems for the government to prevent corruption, graft and fraud every time there is an election campaign event will happen. It is also good for the business as well what it is, it could be the good tandem too and one of the good example for this was amazon.com and more.

We can say that yes blockchain is a perfect solution because it hasn't been hacked so far. Not that i recognize it a main hack happened in the past except some "news" stating those facts.
Still the technology is so good that only those companies that uses it are the hacked ones due to their own security flaws.

But remember, we still need the government and banks for our other needs. Like for instance, the government is holding our social security number and other vital details to process our information whenever we need something from them. We can't deny the fact that we still need the banking system. Companies are using banks to send our monthly income. So even if blockchain is a perfect solution, we still do need to interact with government and banks in some ways. We can't fully eliminate them in our daily lives.

Indeed, but just fews person who are aware of it, most of them just afraid to adopt this system because blockchain is very transfarant that make possible all people know the transaction who made by one party. So, for the government I doubt they will interest with it especially for some government which has a high level of corruption cases, they will ignore it with certainty. I hope there are some person who has a power and he intend to change their system so that blockchain can be accepted.

I totally agree with your idea except on the part on greed. Not very sure how the deincentivizaton should be handled.

And it depends on the kind of greed that needs to be deincentivized. Consumers greed? Possibly. Producers greed? Not sure about that.. We probably should lay more emphasis on sustainable living.

I think the blockchain, banks, and government id are 3 different things and cannot be equated. Where the government ID is an identification and with this ID we can create a bank account.

Blockchain is indeed the perfect technology for me, but blockchain cannot be compared with banks and government id. How will we definitely still need a system that is centralized in controlling the government, people will be greedy if everything is in the form of a blockchain.

Its hard to entrust your personal details to someone even they said its secured like government and banks because we know that even them can manipulate it for the things they want. Blockchain really helps regarding transparency on everything and it will be a big step for our generation to the future ones.

Blockchain has not only something to do with passwords and privacity. Also it guarantees you that the stored data isn't modify by others, for example. And there are other many helpful uses of this tecnology.

Of you are right, but I think we have to wait many, many years to see Blockchain used in our day a day.

Blockchain is like fire or any other technology in hands of human. It can be either used wisely for good or misused to abuse and suppress people. For example, the original idea of bitcoin whitepaper is no longer the real idea of bitcoin. Was it said to be manipulative and used for enriching exchanges and major holders? Of course no, but it is! The same situation with blockchain usage: it CAN be used wisely to record people's data and then apply to it fast when necessary, but the question is, will people be willing to trust blockchain? Too much controversy nowadays to predict the way blockchain will develop.

To estimate the advancement in terms of technology, blockchain is considered one of the most exellent technology invetion which could help human beings lead a world of being more and more developing and modern. Although nothing is perfect indeed, blockchain can serve us in many different perspects of our life, so should we take blockchain to an exception ?. Actually, blockchain brings a vast of potential that we can exploit lots of advantages to build a convenient life.

I don't believe anything or anyone can be perfect but I'd say Blockchain is the closest thing we have to perfection but it obviously still needs lots of improvement as the time pass

Know a days blockchain is a trend that many projects, apps, website that offerd the service of bitcoin, it because transactions or paying bills, and others become easy beacuse of bitcoin. But for me i think blockchain not that so perfect for a solution to a certain problem, but it maybe contribute and a tool for improvement of a country's problem. Example in africa they developed a health app which focuses to their main problem and that is health care and that app is AfriHealth as we all know africa is not that well equipped when it comes to many field specially in health care but this was surprisingly that they developed a health app that powered by blockchain and i would say it was very well done project, its smart to use blockchain because its popularity. And with the use of this health app project, they can attract investors and if theres investment the economy of africa will grow also the health field will improve because of the app, it is worth to invest in this kind of project why? Because this app provide a wonderful health services such as, purchase medicines across countrys, access your own medical records, set an appointment in a doctor near hospital place in your neigborhood, and in case of emergency the app can be used to call an ambulance that is near to your place and also purchasing a insurance plan and many more. So i can say that this app that use the influence of bitcoin can make a country developed and to improve and it can benefit other country also because, yes easy transaction and access to this health app.

Nothing is perfect in this world and so is bitcoin. But is indeed very innovative and helps the digital world a better place. I think it just compliments the internet world. Blockchain is the key to make things in the right order and avoid conflict. I mean, accurate information is a must in everything and imagine how many lives or casualties can be saved and avoided when there is no error.

No system is perfect, everything has its own shortcomings, however, I believe Baha Blockchain is the best solution to handle current problems.

Blockchain is, like all systems in the world, far from foolproof and perfect to answer all existent problems in the world today. However, in terms of bridging gaps in terms of data sharing and production, payment processes, high intermediary fees, hidden transaction fees etc., I believe that blockchain has quite effectively provided great solutions. For example, some crypto/blockchain projects delve into securing international payments for products and services without having to deal with processing fees or long waiting times, or even rewarding and incentivising content creators to create and share quality content to earn tokens, or making trading more accessible and convenient for first-time crypto traders etc, and even ensuring that private/individual data is more secure and minimising the chances of data manipulation, which is very often heard about, considering all the news about data leaks from major companies recently. If there is a current problem in a traditional system e.g. payment processes and transactions, blockchain is currently the best solution to deal with it. What do you think about, for example, integrating blockchain as a solution in online shopping and e-commerce?

I came across a project recently on Medium called BlockCart - It looks like they are helping online shopping customers to regain control over the data they enter into shopping carts when they checkout, and also incentivising them for sharing their data with businesses that may use such data for marketing campaigns and also to better provide customer service to these consumers. Imagine not having to worry about the security of your credit card details when you make purchases! Apparently, they are working on a global shopping cart across multiple e-commerce websites so customers like you and I don't have to open multiple carts and checkout multiple times. And if businesses have access to the data these customers willingly share, they'll also be able to better recommend products and promotions to consumers - blockchain sure is an exemplary solution in this case!

I think the blockchain is an amazing revolutionary system, and until now it has proven that this is an effective solution to solve some problems, Blockchain is the perfect solution for current and future needs, for that I believe 100% blockchain is the perfect solution ..

Nothing is impossible, the perfect blockchain solution? In the current era of digital technology. Blockchain is the best technology we have today and can be implemented for different purposes. It's much safer and more reliable than what matters most, allowing safe data that is difficult for you to change.

There is a big possibility that blockchain will be the perfect solution to our problems especially in taking out the middle man. Once middle man is already taken out, it will be easier for us to control everything by our own.

You have stated the advantages of blockchain which is very useful especially to those people that didn't know yet the use of blockchain. Blockchain have plenty of uses especially if it will be use in good purposes while blockchain will be worse also if someone will try to use it has a bad intentions.