Topic: The Blockchain technologies - page 5. (Read 1011 times)
I think Blockchain technology will also grow better in the future, because seeing the development of the present is also increasingly sophisticated. so I'm sure the future of the crypto currency will also be better in the long run
The blockchain's disadvantage is the hassle of making transactions and users can easily lose money if they fill in the wrong wallet.
That is not the fault of the blockchain because what you are refering to is already a crypto . crypto are ireversible and your right . once the transaction have been processed there is no other way to reverse or cancell it . thats why its always advisable to double check the wallet that you are sending to before your proceed . blockchain tech is only the platform or the technology where cryptos are running thru .
The Blockchain invention already has resulted in so many technology trends including hybrid blockchains, ricardian contracts, stable coins, security tokens and so on. What other inventions regarding blockchain do you think we might see in he next couple of years? What other industries could this system improve?
I think blockchain can only do such transactions and it is doing its job very well. we should not improve it, because improvement only brings about a trivial result. Because blockchain is an extraordinary technology and it is serving a decentralized environment and I'm quite happy about it. hopefully no improvement will be too bad to reduce its "decentralization".
Our blockchain technology will evolve in an open way. they will design and create a better blockchain technology that can serve banks and financial businesses. because the blockchain's disadvantage is the hassle of making transactions and users can easily lose money if they fill in the wrong wallet.
I was expecting government blockchain technology in the future. I mean when the time comes that they would accept bitcoin in their system, it will improve the technical aspects of their system. I can also see things like the business corporations would use this kind of technology for the convinience of their works.
unfortunately most of the things you just mentioned are not even "technologies". for example "stable coins" are not a technology, they are actually taking steps back and undoing what we have been doing in the past 10 years with bitcoin and decentralization because they are fully centralized and not even stable at all times!
or for example "security tokens" and all their alternatives are purely scam methods of raising funds in a ponzi like scheme which people think are the great deal of our time. although more and more people are catching up to this disease called ICO.
or for example "security tokens" and all their alternatives are purely scam methods of raising funds in a ponzi like scheme which people think are the great deal of our time. although more and more people are catching up to this disease called ICO.
Ten years back none have thought of such a technology will make an evolution. Prior to that before some twenty years none believed that internet connectivity will make such a change globally. From that what it has happend till date is advancement. The progress in technology is hidden, because very few succeeds getting the acceptance of people. Blockchain is one such. As days pass this will be more advancing, and something on a separate platform too could grow higher than the current technology. It is all about the time and the creative minds as Satoshi.
Never heard of "hybrid blockchain" but the hybrid exchange. Maybe you wanted to mention exchange. Blockchain will be applied in almost human endeavor when we have dedicated people to work on those areas. This is why it's important we have these courses as relating to blockchain development been taught as a core course in schools.
For now, Bitcoin technology is used for proving the ownership of an asset and making simple smart contracts. As people become familiar with this technology, this technonology will become an official way of banking procedure for transactions and payments. Plus, it can be used as a digital signature by people and use of bitcoin technology will become a standard method for any area.
There are alot of informations on the internet about upcoming and current technologies being used with Blockchain.
From Inter-organizational data management, governments, financial institutions, audit trails, and much more.
Check out this article about latest Blockchain technologies news from Coindesk: https://www.coindesk.com/information/applications-use-cases-blockchains
Blockhcain technology offers will continue to increase as its growth follows the needs of society, the economy and security. And this will also be accompanied by the advent of renewable technology inventions designed and created by blockhain experts to support future life that is easy and safe in all fields. and we know this is not easy but I know this will be easy when it arrives, because blockhcain is the solution... From Inter-organizational data management, governments, financial institutions, audit trails, and much more.
Check out this article about latest Blockchain technologies news from Coindesk: https://www.coindesk.com/information/applications-use-cases-blockchains
The Blockchain invention already has resulted in so many technology trends including hybrid blockchains, ricardian contracts, stable coins, security tokens and so on. What other inventions regarding blockchain do you think we might see in he next couple of years? What other industries could this system improve?
Technology will work in most industries in general
and has already entered into many such as
Financial Services
Accounting
the health
agriculture
Alternative energy and many more.
There are alot of informations on the internet about upcoming and current technologies being used with Blockchain.
From Inter-organizational data management, governments, financial institutions, audit trails, and much more.
Check out this article about latest Blockchain technologies news from Coindesk: https://www.coindesk.com/information/applications-use-cases-blockchains
From Inter-organizational data management, governments, financial institutions, audit trails, and much more.
Check out this article about latest Blockchain technologies news from Coindesk: https://www.coindesk.com/information/applications-use-cases-blockchains
Social media tokens. 
That could be the next in line since it is really going near it.
The social media websites is like a buy and sell advertisement page by now.
Just looking at my facebook page makes me want to buy items that are being sold by people too.
Now, the owners of this website could be against bitcoin. Where else would they go? Yes, the blockchain.
That could be the next in line since it is really going near it.
The social media websites is like a buy and sell advertisement page by now.
Just looking at my facebook page makes me want to buy items that are being sold by people too.
Now, the owners of this website could be against bitcoin. Where else would they go? Yes, the blockchain.
Blockchain in the political sphere will be a major plus to democracy and fairness, especially in 3rd world countries were their givwenis so corrupt, this will help to curb electoral malpractices and embezzlement of funds, since everything will be stored on the blockchain's database
blockchain is not just about decentralising data.
anyone can copy a database and keep a copy for themselves that has a file hash to prove no tampering compared to copies others have.
any database can inlude an entry of a signature proof for ID authenticity
but blockchain real utility is about different regions/locations interacting with data even when they cant agree. as thats where the magic of blockchain comes in, it makes divergent opinions come to a common agreement.
blockchain most unique feature is the diverse ability to bring large populations together and have them all agree on a set of rules
so think less about the use cases of just data distribution security. but more about usecases where different locations wouldnt normally agree on the same database structure
anyone can copy a database and keep a copy for themselves that has a file hash to prove no tampering compared to copies others have.
any database can inlude an entry of a signature proof for ID authenticity
but blockchain real utility is about different regions/locations interacting with data even when they cant agree. as thats where the magic of blockchain comes in, it makes divergent opinions come to a common agreement.
blockchain most unique feature is the diverse ability to bring large populations together and have them all agree on a set of rules
so think less about the use cases of just data distribution security. but more about usecases where different locations wouldnt normally agree on the same database structure
I agree there are certain even some educational organizations who try to implement Blockchain technology with there core processes because If Blockchain technology is implemented properly it can provide many benefits to a certain industry like, security of Data or transactions, efficiency,usability and many other functional and non functional requirements which are not possible with decentralized traditional systems
I would love to see the blockchain technology implemented in educational sector, allowing students to pay fees, communicate (submit assignments, project defences etc) and access basic amenities directly using the blockchain technology.
It is a project I would personally love to work on.
It is a project I would personally love to work on.
As @avikz have pointed out, any industries or sectors that is data dependent will really gain a lot from using blockchain technology like logistics, supply chain, health and medicine and even government projects as well. Some advantages are:
- it can reduced costs
- transparency as data can be viewed
- security as data is immutable
- traceability as data is always present real time
Right now there is this so called blockchain based voting. Since it is still in early stage of development, but some governments are already testing it so I guess we're going to see this sort of application or use in the future.
- it can reduced costs
- transparency as data can be viewed
- security as data is immutable
- traceability as data is always present real time
Right now there is this so called blockchain based voting. Since it is still in early stage of development, but some governments are already testing it so I guess we're going to see this sort of application or use in the future.
Blockchain technology is regarded as the invention of the last decade. This novel technology can be employed in almost all human endeavors. It can be deployed in the hospital for patient data management and also very useful in the pharmacy department of the hospitals concerning drug dispensing and control. Blockchain can be handy in election management and monitoring.
What other industries could this system improve?p
Blockchain is very useful for any data intensive industry. Especially where the business deciaions vary based on the series of past event occurrences.
I can see immediate applicaion of blockchain in insurance insustry. Blockchain and its record keeping capability will not only help insurers to track the close life events but it will also peovide enough data to actuarial decision for better risk management.
Also land record is another area where blockchain can help immensely. If blockchain can be implemented correctly in this sector to especially regularize ownership transfer derails, the number of legal cases will come down by nearly 50%.
There will be other areas as well. I encourage you to read the below post. It's a very good read if you are interested to know the resl life use cases of blockchain.
https://lisk.io/academy/blockchain-basics/use-cases
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