so far we have only seen the blockchain technology to be used to create a cryptocurrency and only a handful have been successful and they were successful because of the decentralization path that they chose. otherwise those coins that chose the centralization path such as XRP, ETH,... are doomed to fail.
additionally any other field that I have seen the blockchain technology to be used in have not been successful so far. the healthcare system included. so far I have seen ICOs that mention that and only raise money to take and go away. nothing else happened more than that.
Topic: MERITS OF BLOCKCHAIN. - page 2. (Read 334 times)
The Maltese Prime Minister also to support crypto and blockchain in the real world:
https://coincodex.com/article/2424/maltese-prime-minister-joseph-muscat-supports-crypto-and-blockchain-in-un-speech/
https://coincodex.com/article/2424/maltese-prime-minister-joseph-muscat-supports-crypto-and-blockchain-in-un-speech/
A well-designed blockchain doesn’t just cut out intermediaries;
i don't know if you are copying this from somewhere that makes it out of context or what but you can not generalize this. "blockchain" is simply a chain of blocks. it can have that "intermediaries" that you are talking about and be centralized even or it can be decentralized and cut them out and be a distributed ledger among nodes.Quote
For example, the healthcare industry
this has always sounded like a cool idea but every time i think about it, that doesn't really sound like the best option compared to alternative form of having a database!
The benefits of blockchain, however, are more than big enough to sustain its relevance for generations to come. Without further ado, here are the most important benefits of blockchain that may prove to be useful to businesses like Supple Chain, Quality assurance, Accounting, Smart contracts and much more.
A well-designed blockchain doesn’t just cut out intermediaries; it reduces costs, increases speed, reach, transparency and traceability for many business processes.For example, the healthcare industry is obligated to safeguard personal information about your health. The Health Insurance Portability and Accountability Act (HIPAA) requires health professionals to protect your personal information, which is no easy task.
1. Wrong. A blockchain is slow, inefficient and expensive to run.
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Blockchain’s secure technology offers an ideal way to create a shared network of healthcare data with near-perfect security. It is simply a superior way to store, share and protect sensitive data among everybody involved in keeping you healthy.
2. What a true blockchain offers are mainly censorship resistance and decentralization. A healthcare database doesn't need both of them.
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That’s right — blockchain can untangle your mess of electronic health records and, most important of all, give YOU control of your personal medical records and who gets to see it...
ARE THERE DISADVANTAGES IN BLOCKCHAIN? WHAT ARE THEY? PLEASE LET US KNOW..
ARE THERE DISADVANTAGES IN BLOCKCHAIN? WHAT ARE THEY? PLEASE LET US KNOW..
3. Go back to 1.
We have been told that whatever have Merit must correspondingly have demerit. Well blockchain has brought in many improvement in our ecosystem and has come to help perfect the way we work. But blockchain is very complex to understand. and it requires up-to-date technological knowledge, power availability is a must and a strong internet connections is paramount.
Are there really demerits, if not for power failure, no or low network,illknowledge of how block chain works,government not being able to tax the crypto systems.
A well-designed blockchain doesn’t just cut out intermediaries; it reduces costs, increases speed, reach, transparency and traceability for many business processes.For example, the healthcare industry is obligated to safeguard personal information about your health. The Health Insurance Portability and Accountability Act (HIPAA) requires health professionals to protect your personal information, which is no easy task.
Blockchain’s secure technology offers an ideal way to create a shared network of healthcare data with near-perfect security. It is simply a superior way to store, share and protect sensitive data among everybody involved in keeping you healthy.
That’s right — blockchain can untangle your mess of electronic health records and, most important of all, give YOU control of your personal medical records and who gets to see it...
ARE THERE DISADVANTAGES IN BLOCKCHAIN? WHAT ARE THEY? PLEASE LET US KNOW..
Blockchain’s secure technology offers an ideal way to create a shared network of healthcare data with near-perfect security. It is simply a superior way to store, share and protect sensitive data among everybody involved in keeping you healthy.
That’s right — blockchain can untangle your mess of electronic health records and, most important of all, give YOU control of your personal medical records and who gets to see it...
ARE THERE DISADVANTAGES IN BLOCKCHAIN? WHAT ARE THEY? PLEASE LET US KNOW..
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