Topic: Is Blockchain Really Revolutionizing The World? (Read 482 times)

It's only being used to track the cases of the pandemic. for instance, the data of those infected (i.e, the number of cases), those that have recovered, those recovering, the number of death and many more. Which can be done for each country or jurisdiction. The data can be very useful in future. So, storing such on the blockchain will help to keep it safe and prevent any form of alteration. Scientists and Medical practitioners can easily use it in future for research and to contain any other occurrence. Blockchain to me is knowledge-based.

Blockchain is not a health system that can track people who have contracted the virus, because the virus is the real thing even though it can't be seen with naked eyes, so I don't think blockchain will be able to track this.

You're right about that as dapps development progress has already proven one of potential from the blockchain. That says blockchain is still on its early potential and we must need to dig it even deeper to reach the real potential of blockchain. That's why the majority of companies were doing R&D to achieve the next potential of blockchain.

No, revolutionizing means changing. It may not necessarily be ahead in some aspects, such as when Islamic State revolutionized the systems in their governed lands;)

Or when countries do revolutions every 2 years, things like economy reset. Not necessarily progress.

Has blockchain revolutionized the world? Let us be honest and beyond what we do here every day and speculate and use, has the whole world really changed?

The presence of blockchain technology has not been long, but the blockchain is able to give a different touch to the financial and IT systems. It is likely that the blockchain will prosper for the next few years.

Revolutionzing means advancing right? Ever since blockchain was created and implemented, different sector of business increases the usage and adoption of cryptocurrency. Every big countries are showing their interest to enter the market of digital currencies. The best application of blockchain is utilized through finance system and alternative for some processor such as bank, loans, remittances, and etc. Even on none related finance sector can be used. Many application has paetnership on tech devices such as samsung, htc and many more including the blockchain on their recipe. So I assume we are in the middle ground already of revolution.

Everyone has their own judgment on any technology that has been born at this time, if they are late in adopting it, then it is clearly a mistake from themselves and we cannot deny it because everyone has a way of analyzing everything that happens.

Look no further for a confirmation to your question, OP, for the application of the blockchain has been observed in many sections of human endeavour. From accounting to medicals to sports, and not limited to cryptocurrency. Even if bitcoin or the crypto industry dies off today (this is impossible anyway) the blockchain application to other aspects of life will still exist.

I strongly want to believe that it has started doing that.  This is a technology that looks some how foolish in the sights of many people, but rate of adoption has actually improved greatly from 2009 till date. From this, people have began to have a rethink that, if they don't embrace it now, they might be one of the late adopters or have themselves to be blamed later. It just need some time for significant revolution.

I don't think it can spread to the whole world. There have been many agents using blockchain technology to manage their store chains and products, but all have failed. It's complicated and difficult to operate. I think it's only growing widely in the decentralized market community, crypto has really supported this technology.
For me, the crypto market only has sharks and fry. There will be no type of blockchain that will bring future technological revolution. all is the whale's plan to manipulate the market. So do anyone thoughts on my opinion?

Of course this is really revolutionizing because now in many industries and fields its impact is very strong and helping millions of peoples hopefully in near future we will have many applications and other things which will work with this all even many peoples believe its too early for this but its impact is very strong and good so there is no doubt we will have some big things from this all which will help and create new good things for humanity.

How do you think will blockchain be used for tracking COVID19? For tracking people who has cought the virus, for example? It seems to me that this technology could get a blust of attention now.

Blockchain is a sophisticated technology and certainly very useful for users. I think we all know that the purpose of this technology is to make transactions easier and generate a lot of profits. so I think blokchain is a digital technology revolution in the future. many companies have adopted this technology.

If the blockchain continues to develop then revolutionizing the world will not be difficult to happen now can we see many crypto projects using the services of blockchain even in large companies already rely on blockchain system, now it has been so big fans to use it, and I'm sure if the system is constantly being developed and away from the Scamer then all will run easily.

I don't know if this is related to the birth of Bitcoin, but have you seen the globalization charts? Deglobalization started somewhere around 2008 and the more years pass, the more we decentralize as a society. Meanwhile, massive corporations are trying to still take in power and, implicitly, control.



I would say there is a massive rise of interest in decentralization, especially the last few years.. so many softwares are going open-source and more people are starting to doubt the real interest and purpose of the services and apps they use. It's definitely a good thing and hopefully many more will wake up to the reality we're living in.

It's terrible, however, what we're all now experiencing. For example, so many people are now using Zoom which has been exploited countless times, is known to send anonymous data to Facebook and has (or has had) an exploit that lets hackers open your camera without your knowledge and consent. That's scary and .. why is everyone promoting it? How come, out of ALL conference apps, Zoom is the one to thrive? And then we have Google's scary mobility reports clearly showing us how easily trackable we are, how easy it is for them to get required information about you.. if you go off the grid, you're going to be considered a suspect.. what is this? Control.. control all over

So yeah, this might be the beginning of the temporary end to either centralization or decentralization. It looks to me like a little "war" already between the two: some want complete control, we want the exact opposite. Bitcoin did not revolutionize the world yet! It's still working on it and hopefully it will succeed to wake up as many as possible..

Other than crypto currency, blockchain technologies are started to get implement on other fields as well like in medical,military and literally everywhere were data needs to be stored secured and not possible to get altered or hacked by anyone.

Anyway its still an infant and lot of blockchain related courses started to get emerged on online and in some universities so in few years we may see more blockchain related applications for real.

I think Blockchain Technology will have many applications in the future, but now many startups have come up with silly and absurd ideas for blockchain application, which makes many people doubt the future of blockchain technology.

Blockchain technologies really help various areas to develop much more successfully and more stable, but unfortunately it’s too early to talk about any serious conclusions because blockchain technologies have appeared not so long ago and we need to wait some more time to see great results.

I myself think the same as you, where until now bitcoin is a new technology that frees you from a centralized state and certainly includes 5 characteristics of the blockchain. in my view because the blockchain has not had such a huge impact on the world, maybe because decentralized and anonymity so many state leaders hesitate to use it.

whereas in my own view that blockchain technology can be used to reduce system depravity in government. my example where blockchain technology can be used to create a data transparency system so that suspicious behavior in public terms ("corruption or money laundering") can be seen.

"World revolution is how you can utilize new technology to create a greater impact (a good thing) for world movement"

blockchain 2.0  ? i didnt know that its possible for the standard blockchain to be upraded but other cryptos can also be upgraded too just like eth 2.0 so why not  ?  it maybe possible however the old blockchain already help many people or business  and if itll be upgraded for sure these existing users are going be more satisfied and it can also attract others when they see added good features injected on this 2.0 version    . blockchain is really revolutionizing the world because its a new kind of technology or system invented on this advanced world we'r living with  right now  .

Indeed! If blockchain technology is optimized by many industries, their operations will improve and they will save of lot of resources. Transparency of transaction is very well addressed by blockchain technology. I believe if one or more big companies will be visible in using blockchain technology, more and more companies will follow thru. It is not because they want to be in but they will realize the great benefits that it will bring to their company.

   I am here for more than 2 years, many things happened, but believe me I still have a feeling
like we are at beginning. Next 2 years will pass quickly, and believe we will see many things happening
in crypto-world, but globally it's not a big deal. 10 or more years will pass before we see some bigger
changes, corona virus can speed up this process, if people turn to crypto-currencies right away, but
that will not happen. There are majority out there that still needs to learn about crypto-currencies.

It could be very young, but data scientist and crypto developers have been talking about blockchain technology 2.0 already. So it is slowly revolutionising how data is to be stored and access and how it will help individuals and large companies makes decision. Specially the biggest companies in the world that offer logistics and supply chain management. They can really sort of exploit and take advantage of blockchain technology in their daily operations and perhaps can reduced their production cost and could boost their efficiency and productivity.

Is it really? I mean surely it is a great innovation and it is definitely used in many places but is it really revolutionizing the world? Maybe it is revolutionizing some parts of financial world and that is about it, how is healthcare changed in the past 10 years thanks to crypto?

How did the sports world? How did the food business changed? They look like they haven't used blockchain all that much and they look like nothing major happened whenever they tried right? That is why we can say that maybe our pockets may have changed, maybe individually we are more strong right now than 10 years ago when it comes to having a say in our financial dealings, but the world is vast and it has many business' in it which is why I can't really say it has changed all that much.

If blockchain would not be that, it would not be used by global banks, it would not be considered as a new tool of transparent interaction between businesses, users, etc. It's properly clear that blockchain has started a new era of processing deals.

No, bitcoin is not created to revolutionize the world. As of now, It is too small to do such big task of revolutionizing! Bitcoin is meant to change the lives of the people who have adopted it and that's what bitcoin is precisely doing! No revolution yet!

Bitcoin is still unheard by a large majority of the population. It's very very difficult to find a store that accepts bitcoin. The only way to unlock the power of bitcoin is to convert them to local fiat currency. So bitcoin has not yet started revolutionizing the world.

Bitcoin has started revolutionizing individual lives only. But it still needs to go a long way to actually feel the impact!

A few times ago I read an article about there is cryptocurrency which has a platform for online shop. Indeed, online shop as of now is being choosen by most people on this world. Because they only need smartphone to buy anything they want in wherever they are. But the paltform use blockchain as its main system and I am very like it.

Because online shop that popular as of now are centralized platform which is mean if there is something bad happened like hacking attack as an example then we (as its user) can't access the platform anymore. It will be different with online shop based on blockchain, when there is something happened like hacking attack we will still use the platform. The system is decentralized which is mean there is no party who manage it.

I do believe that bitcoin is revolutionizing the world, it is improving the way we think and helps us become more open minded with our approach.
For example, we now have stores that accept bitcoin as payment method, likewise we now have individuals that see bitcoin as a store of value

But still, theres a need to study further more in this crypto currency space.

I think Blockchain technology is changing the world. There are companies already using or in talk about apply Blockchain into their system. Of course, such change is slowly but we need more time to see if it at the level of 'Revolutionizing" or not.

Blockchain might be a good technology for securing data and streamlining transactions costs, but to say it revolutionizes the world, I think it's still too far. The dominance of a central bank that is still strong in the economy might complicate cryptocurrency in mass use but if it is used as a business platform, blockchain might still be the best at the moment because it is decentralized

So after reading some comment from the members, I think that blockchain really revolutionizing the world. Although the process continues until now, maybe we will see something different that will happen in the future. We don't know how long we will see it, but yes, the present of blockchain can change the economic and financial and in some section or field. And maybe after it become widely than now, the government will see how big the chance of blockchain to influence people to use the blockchain in every field of works. Maybe in a short time, we will see much innovative technology that bases on the blockchain.

It indeed is. Though blockchain is used in different ways by different groups.
China for example has implemented blockchain in different sectors of it's economics like insurance and tracking and monitoring its citizens. Blockchain are also used to interact between IOT devices as well as it's being tested for creating a universal platform for autonomous driving.

Blockchain is growing gradually but still it need time to execute the value of how important is in people's life, Blockchain technology facilities peer to peer  transactions without any third party involvement which means our Personal information is private and secure. This is a great innovations of all time for me. Trust is built in system itself and this is what people are expecting from ages, I am sure Blockchain will dominate the globe very soon...

Exactly, everyone who'll be interested in contributing to this thread including the OP should take note of this, blockchain technology is more than just cryptocurrencies, most especially it's more than bitcoin. The technology can easily get adopted where as sidelining bitcoin in the process. If you take time to do some research you'll discover numerous countries have already picked interest in the technology and it's been used to improve some sections in thier country while as other development/research are currently ongoing to improve the technology.m for adoption.

The bank system is one of the sections benefits heavily from the technology and through the power of transparency other section like election and power distribution will/are also getting developed. I'm currently on the road so I'll not have the sources to back all my claims but I might do that when I get to where I'm going if I do remember.

You've shown some essential reasons already why tbks technology  can revolutionize the world. Well, it's too early to predict now. But as much as I can see the greatness of blockchain technology, the advancement system it may offer. Then, the possibility of changing the world into a better revolution will indeed gonna happen.
 
 Although, new technologies like this were hard to accept and adopt because of it's new side of interactions from previous traditional technologies, but seeing how convenient for it to use is a good factor.

Blockchain is being accepted by all over the world as it is providing more and more opportunities. Like, notarization may get easy, no need to depends on any other party. In my country, bank has already started to utilize blockchain although bitcoin is illegal here (No relation with them). And of course in the coming future, blockchain will be accepted by a lot of  institutions.

Yes of course, we have seen many industries embracing the power of the Blockchain technology because of it transparency. I have read some.articles online about IBM and co who have embraced the true power of Blockchain even though they have not come to terms with cryptocurrency due to their feelings towards digital currencies.

For a quick remainder, some countries have already  began the process of creating their own digital currency courtesy of the Blockchain technology. This technology have opened many opportunities for these countries and companies, so, to me, "Blockchain is actually revolutionizing the world".

I think people need to understand the fact that there are more applications to blockchain than just cryptocurrency and digital assets creation. Blockchain is an innovative technology that can disrupt virtually every world's sector and as such the people that understands it's concept are already incorporating it's potentials in their line of services to create values that will make the world  a better place. Most of the outside world still see both cryptocurrency and the blockchain technology as thesame thing and the downtrends and fluctuation of the cryptocurrency market is really turning them off. I think the blockchain community needs to promote more of other things that blockchain can offers aside the creation of cryptocurrencies, that way we might see more massive adoption.

I feel world has now finally accepted the fact that digital is the way to go and every currency will be digital in the future we know China is in the final stages of launching its digital currency while now there are news that digital Euro is also being developed while USA political parties are also designing roadmap for a digital dollar. The great thing is that this digital dream will only be based on blockchain technology and crypto so just imagine the money flowing into real crypto market after big digital currencies by big world financial powers also do not forget the fact that this will give a lot of confidence to big investors and institutes to openly jump into crypto, i think bitcoins million dollar target will not seem impossible just wait a few more years.

It's still very young to make such conclusions about Blockchain revolutionizing the world though some existing institutions have already started deploying their services with the use of blockchain technology. However, the goal of blockchain technology was designed by Satoshi Nakamoto to help cut down the chain of transactions as well as put power back into the hands of the people.

As a writer,  this question keep reverberating,  however. The truth is that bockchain is opening new frontiers that has seen our reliance on centralized system of operations mitigated.  It has entrenched the decentralized system to quash the centralized system.  One of the greatest things about blockchain is that it gives us freedom and equal rights. Blockchain is creating a world where anyone, anywhere may express his or her beliefs, no matter how singular, without fear of being coerced into silence or conformity. A world where anyone or anywhere can express his or her beliefs, no matter how weird they are, without fear of being forced to be silent or obedient.But at that time due to technical limitations. The technology that puts this idea to work is the blockchain. The blockchain has five basic fundamental characteristics which includes decentralization, openness, autonomy, information tamper-proof, and anonymity; if you ask me these has been instrumental to the new world order, bringing about sweeping global changes that has continued to innovate and revolutionize the world.
The blockchain technical savvy architecture is an open distributed ledger capable of recording transactions of two parties securely and efficiently. Of course,  following the fact that it is distributed, Blockchain is typically managed by a peer-to-peer network working at the same time to provide solution capable of trashing integrated mathematical problems with the aim to validate new blocks