Topic: Is blockchain a perfect solution? - page 8. (Read 2191 times)
I think if it's perfect, blockchain helps to avoid falsification (because it's immutable) and also gives people back control of their data (in the last few years they have turned into a business, look at facebook), it also helps to avoid censorship and freedom of expression on the internet
It's not the best solution. However, I prefer that it will be on the blockchain and not on a third-party system where anyone can get access to. Blockchain is here to stay.
If we live in country then anyway our doc done by gov will be in hands of gov anyway so nothing can help in this situation as i dont understand what you expect it will happen as we have gov ,so only way not to have it not to have gov at all which is impossible for me , anyway at this moment.
Blockchain is definitely A SOLUTION to many problems in many different industries. From agriculture to aviation!!! Check this interesting article out:
https://cryptotradernews.com/technology/14-tech-innovations-that-could-revolutionize-the-blockchain-industry/
https://cryptotradernews.com/technology/14-tech-innovations-that-could-revolutionize-the-blockchain-industry/
When I saw "agriculture", I literally amazed about blockchain even I know that blockchain is a really a part of our modern technology. I read the article and it looks like blockchain was a good starter for a better living. Blockchain was similar to IoT projects, can have a p2p system where we can control and optimize each thing. Improving supply quality through blockchain was a wonderful idea.
Considering the features of Blockchain technology, it provides a system which permits easier verification of information on the blockchain network. Blockchain tehnology currently is been used by a lot of institutions such as medical institutions for verification of medical data on their ledger to help easy access of information. Blockchain technology has multiple purpose and feature that helps in the diversity of the entire ecosystem of the world. It is definitely the perfect solution.
That is indeed the goal of implementing the blockchain technology- eliminating the need for a third-party trust system while relying on decentralized system wherein it is monitored publicly in a legder. But storing our password in our private keys has also the disadvantage of getting hacked due to its nature being accessible online. I guess it is advisable to not input your password online.
I wouldn't say that blockchain is the perfect solution but I guess that blockchain could help solve the problem of anonimity. Being anonymous online is what Satoshi Nakamoto wants for all of us and we are all embracing it right now. And you're also right that we can store our own ID and pass in blockchain so we don't need to rely on the government.
The anonymity factor that cryptocurrencies possess is a double-edged sword. It can be both beneficial and destructive at the same time depending on who is exercising it. That is also the reason on why the government prohibits the massive implementation of such since they fear that it might spiral out of control by means of purchasing illegal things.
I believe that there is no limit to perfection. Because the blockchain is not perfect but it is the best thing that has happened to the cryptocurrency at the moment. I believe that everything should evolve over time.
What it did by crypto it is just another evolution in currency system. Indeed, crypto did something great for us but not in the moment that it is use as currency instead, it is become an investment. This is the way we think that cryptocurrency is not just for certain purpose but it is applicable into other areas. 
I believe that there is no limit to perfection. Because the blockchain is not perfect but it is the best thing that has happened to the cryptocurrency at the moment. I believe that everything should evolve over time.
I wouldn't say that blockchain is the perfect solution but I guess that blockchain could help solve the problem of anonimity. Being anonymous online is what Satoshi Nakamoto wants for all of us and we are all embracing it right now. And you're also right that we can store our own ID and pass in blockchain so we don't need to rely on the government.
Well you described it as a perfection. However let's remmember everything digital depends on power supply and it can be broken down. About transparency...future will show if it's that straight forward.
Actually there are already some project that use blockchain technology for medicines and health care. People's identity and health record are stored in blockchain. I think soon government also apply blockchain technology to store important information. And I think it is a good solution. I am sure blockchain technology will be very usefull.
I also think that the blockchain in the future is more likely to find applications in the field of distributed databases for notaries or medical institutions. Cryptocurrency is likely transformirovalsya and will lose its decentralized nature. since decentralization is a speed limit. We live in a world where our online IDs are in the hands of the government and banks, and we rely on them to keep it secure. Blockchain IDs on the other hand, put you and you only in control. Therefore, you can store all your passwords and any other personal information on the blockchain, eliminating the need of passwords in everything. In the future, these ID services could be applied to government services, medicines and any other record keeping agency.
Blockchain system exist to combat greed and middlemen and to give individuals ultimate control of their identity and activity. In a blockchain future, we will see a world where our medical records are immediately available if we are in an accident; where online voting was possible; and where transparency was paramount and greed is disincentivized.
Actually there are already some project that use blockchain technology for medicines and health care. People's identity and health record are stored in blockchain. I think soon government also apply blockchain technology to store important information. And I think it is a good solution. I am sure blockchain technology will be very usefull. Blockchain system exist to combat greed and middlemen and to give individuals ultimate control of their identity and activity. In a blockchain future, we will see a world where our medical records are immediately available if we are in an accident; where online voting was possible; and where transparency was paramount and greed is disincentivized.
To the present situation blockchain technology integration is a perfect solution on each and every industry for a efficient functioning. People find it different, and maybe in the future we might see advancement. Once each and every data were recorded hand written, later it was done by computers, further cloud and this way the growth of technology doesn't have an end, it keeps on improving.
That's right, after businesses adopt this solutions blockchain will be really much helpful perfect for our everyday transaction process, it's a good alternatives for now but in the near future it can be more useful to do every task where it will be lessen the executions of your payments needs.
Blockchain is definitely A SOLUTION to many problems in many different industries. From agriculture to aviation!!! Check this interesting article out:
https://cryptotradernews.com/technology/14-tech-innovations-that-could-revolutionize-the-blockchain-industry/
https://cryptotradernews.com/technology/14-tech-innovations-that-could-revolutionize-the-blockchain-industry/
In the future there may be some technology which would be better than blockchain, it's hard to predict. Now, blockchain is revolutionary technology and for me, it should be constantly monitored and even improved because new technologies always need to evolve. Whole topic of cryptocurrencies is still developing and maybe many cryptos and systems would be eliminated or changed a lot in the future.
I believe blockchain is a very promising technology that we can rely on as of the moment. But we are not sure in the future because maybe in the future, someone will be able to come up with another technology that will be better that blockchain. As for now, I can say it's not a perfect solution because nothings perfect, everything has it's downside.
To the present situation blockchain technology integration is a perfect solution on each and every industry for a efficient functioning. People find it different, and maybe in the future we might see advancement. Once each and every data were recorded hand written, later it was done by computers, further cloud and this way the growth of technology doesn't have an end, it keeps on improving.
I think blockchain is a prefect solution and i think will be used in a lot of domains, and i think is the best solution than what is used today, i hope also governments will start to use it on future.
Because technology is evolving, there may be another technology that can be seen bigger and advantageous that the Blockchain technology, so, the solution it brings to us right now; can be over turn by another technology. Will agree that as at today the best technology can be seen as the Blockchain but the future will tell if they are perfect solution or not.
Blockchain boils down to a more difficult database to be managed and maintained. It is nothing more than a threaded list that has, and can handle, a large amount of data. I do not remember seeing another use other than storing data safely. And it is precisely what limits it to a "perfect solution."
Blockchain is the revolutionary technology with some additional features as compared to the existing technologies which help us to secure and hassle-free transactions without revealing the password or other personal information on the blockchain and gives the control of identity and activity to the individual.
I think blockchain is a prefect solution and i think will be used in a lot of domains, and i think is the best solution than what is used today, i hope also governments will start to use it on future.
Because technology is evolving, there may be another technology that can be seen bigger and advantageous that the Blockchain technology, so, the solution it brings to us right now; can be over turn by another technology. Will agree that as at today the best technology can be seen as the Blockchain but the future will tell if they are perfect solution or not.
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