Using Blockchain to run economies | Bitcointalksearch.org

sana54210

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Quote from: Ozero on February 07, 2022, 04:30:38 AM

In order for states to introduce blockchain technology into various sectors of their economy, one does not have to wait long. Many states are already actively doing this. Including China, which banned the circulation of cryptocurrency.
In my country (Ukraine), the government has been implementing this technology for a long time. I know that accounting and use of agricultural land (land cadastre) is carried out using this technology. Blockchain technology in the world where the Internet is used, opens up very wide opportunities. After all, it can be successfully used where it is necessary to safely store online and have access of any third parties to large databases. And in our age, general and specific information is needed by everyone.

There are tons of island nations that turned into this as well because both it is cheap and it is also more secure this way as well. I think it was Bahamas who turned their national identity information into blockchain storage as well. That way, even if there is a whole natural disaster or something in the island, they would be able to keep it.

You could always outsource it to some database in some other nation but that would never be really truly safe, ALL of those places could burn at the same time, or maybe won't, who knows. But, when you do it blockchain way, we are talking about a small part of it in everyone's computer so even if just a single one survives, all of it survives at the same time, hell even if it doesn't, you could go back and start using it again from where you left it off. This is why it is so valuable to have it on blockchain, cheaper and safer.

marilynmanson21

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the possibility of blockchain can be used for an economy that is regulated by individuals not large parties, and even then only real products not service providers, if used for service provision it will be difficult to regulate if one of the employees is not logged in and the system has recorded all

jaberwock

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Quote from: Ozero on February 07, 2022, 04:30:38 AM

In order for states to introduce blockchain technology into various sectors of their economy, one does not have to wait long. Many states are already actively doing this. Including China, which banned the circulation of cryptocurrency.
In my country (Ukraine), the government has been implementing this technology for a long time. I know that accounting and use of agricultural land (land cadastre) is carried out using this technology. Blockchain technology in the world where the Internet is used, opens up very wide opportunities. After all, it can be successfully used where it is necessary to safely store online and have access of any third parties to large databases. And in our age, general and specific information is needed by everyone.

If that is the true that they do not need to wait long before using blockchain then why only a few countries have used blockchain? The reason is because it was still new to them and they need to study it first and understand if what is the side effects that they can get and not only focusing on the positive effects but congrats because your in a country where blockchain is being used already but how about its effects, did you feel the difference?

There are countries before that also use blockchain in farming. The first use of blockchain was from cryptos ( finance). We need more industries to join blockchain other than this two.

Ozero

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Quote from: goldade on May 07, 2021, 01:51:07 PM

I actually do believe that the blockchain technology would not only used in the financial system of the world (the creation of bitcoin and other cryptocurrencies), it will also be used in every single industry in a country such that the whole economy of a country would be based 9n the blockchain technology.
You should, however, know that this is not feasible now. It would be accomplished in the future but I don't see it happening anytime soon. There are quite a lot of measures that need to be put in place before this can be accomplished even in developed countries not to mention developing or underdeveloped countries in Africa and Asia

In order for states to introduce blockchain technology into various sectors of their economy, one does not have to wait long. Many states are already actively doing this. Including China, which banned the circulation of cryptocurrency.
In my country (Ukraine), the government has been implementing this technology for a long time. I know that accounting and use of agricultural land (land cadastre) is carried out using this technology. Blockchain technology in the world where the Internet is used, opens up very wide opportunities. After all, it can be successfully used where it is necessary to safely store online and have access of any third parties to large databases. And in our age, general and specific information is needed by everyone.

Fredomago

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Quote from: goldade on May 07, 2021, 01:51:07 PM

I actually do believe that the blockchain technology would not only used in the financial system of the world (the creation of bitcoin and other cryptocurrencies), it will also be used in every single industry in a country such that the whole economy of a country would be based 9n the blockchain technology.

If more adoptions take place it's very possible that each sides of the economy can use blockchain technology, the system is very fit for embracing this new system it will help a lot in terms of good system.

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You should, however, know that this is not feasible now. It would be accomplished in the future but I don't see it happening anytime soon.

It won't as the knowledge about this industry is not that huge yet, but we will see more incoming years, looking forward to this success.

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There are quite a lot of measures that need to be put in place before this can be accomplished even in developed countries not to mention developing or underdeveloped countries in Africa and Asia

All this will happened as we are seeing interest coming from people all around the world, once it's been established expect more good news to come.

goldade

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I actually do believe that the blockchain technology would not only used in the financial system of the world (the creation of bitcoin and other cryptocurrencies), it will also be used in every single industry in a country such that the whole economy of a country would be based 9n the blockchain technology.
You should, however, know that this is not feasible now. It would be accomplished in the future but I don't see it happening anytime soon. There are quite a lot of measures that need to be put in place before this can be accomplished even in developed countries not to mention developing or underdeveloped countries in Africa and Asia

bosede1

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This illustration looks too good to become real especially as we have developing countries all over the world.

iv4n

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Quote from: fiulpro on May 03, 2021, 11:37:48 AM

Quote from: wouterzeitgeist on April 27, 2021, 06:54:45 AM

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Using blockchain to run economics will work out for countries where the Government is heavily Corrupt and at the same time the people have no say in the whole matter which makes the whole thing even more difficult to handle.... What blockchain can do is:
They can make the whole economy transparent. All the transactions from the politicians can be checked by anyone and that would be the beauty of the whole thing ! Can you do that with banks ?? Do you even know how much money these politicians hold at their houses ? It's actually an adverse situation. At the same time the simplicity is also a plus point, once given a little support they can be integrated in things like banks, Schools , practically anywhere they need file keeping.
I do think the reason why Government and the politicians are so against blockchain is because they are actually scared of the transparency that would come with it.

I completely agree with you Fiulpro! In most countries, people have no say, and ordinary people are struggling with all institutions for some rights... in 21st century most of us still need to visit 20 offices and collect a bunch of papers to finish something!
Blockchain can solve many problems, and not just that, it can make many operations a lot easier! We could just sit and finish everything from the computer or phone... without losing time, energy, money while going from one office to another... always short for one document!
I also think that governments are against Blockchain because they wouldn't be able to do the same they are doing now! Now they have control, they can hide/reveal things that suit them, but with Blockchain everything can be transparent, and they will not be able to hide what they don't like, or their illegal activities! It's why fight for the future is on all of us! People will have to choose one day, algorithm and crypto, or governments and bankers!

LUCKMCFLY

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Quote from: Hydrogen on April 27, 2021, 08:56:02 AM

Quote from: wouterzeitgeist on April 27, 2021, 06:54:45 AM

until decentralized anarcho communism could be achieved

There have been many social experiments over the last 50 years to achieve anarcho communism. All of them failed. An equal distribution model never works. Some work harder or contribute more than others and always want to be paid what they're worth. Rather than be paid equal to someone who contributed less.

Karl Marx's grave site is funded and maintained utilizing a capitalist format.

Formerly anti capitalist states like china and russia embraced free markets decades ago as the only path to them being competitive in global markets.

The socialist communist dream continues to be pushed. The question is why. What is the motive behind it.

...

I like the idea of coordinating software matching travel routes, cargo and destinations. But don't see what anarchism or communism has to do with it.

I think that both China and Russia want to dominate in terms of economy, it is necessary to emphasize that since the Second World War the hegemony of the dollar has not liked these countries, although China is now with its stablecoin the Digital Yuan, its only The option to dominate or remove the preference of the dollar worldwide is another much stronger currency and if it is based on technology much better.

The mere fact of being socialist states do not adapt to the world economic model, they want to establish their own economy with their own rules and that is very difficult, because they would have to overturn all economic standards and they have discovered that through Blockchain they can do it, I think that this is all about a war for control, if these two countries join together economically, they can give results that can give a world change considering that one of the biggest bubbles is the dollar.

Silberman

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Quote from: Hydrogen on April 27, 2021, 08:56:02 AM

Formerly anti capitalist states like china and russia embraced free markets decades ago as the only path to them being competitive in global markets.

The socialist communist dream continues to be pushed. The question is why. What is the motive behind it.

Envy, it is as simple as that, there are many experiments that prove that the majority of people are incredibly envious, one of my favorites is that people were offered two outcomes, that they and their neighbor got a small raise on their salary of the same proportion, the second option was that they received a raise two times higher than the first option but their neighbor receives a raise two times what you are receiving on the second option, what did people choose? The first option, they preferred to earn less instead of earning more money just because they did not wanted to be left behind by their neighbor.

wahyu wida

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Quote from: Xinarae* on May 04, 2021, 12:16:25 AM

There have been many improvements in the world using blockchain technology. The human transaction system is becoming easier and the data delivery system is much easier the country's economy has improved a lot blockchain technology that aims at decentralization as a security measure these are distributed and shared databases and records are recorded with the effectiveness of creating a global index for all transactions generated in a given market. It works like a logic book only in public destiny and universal ways which creates sensation and trust in direct communication between the two parties without third party mediation.

in addition to transactions, blockchain can help facilitate human work, which tends to be conventional. for example during elections, blockchain can actually speed up vote counting even though there are many voters and have a large area, moreover transparency can be done wisely

dimox

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Quote from: davis196 on April 29, 2021, 05:57:12 AM

Quote from: wouterzeitgeist on April 27, 2021, 06:54:45 AM

You tell the blockchain what you want and what you have to offer. Volunteers will tell blockchain where the resources are.

So say in Africa a man submits he would like to fish all day. Another man wants to ride his bike. Another family wants to eat fish for dinner. The computer links up all three, so that the extra fish the first man caught, will be driven by bike to the family.

You could have different matching algorithms that are competing just like crypto currencies today.

After time the computer would play a bigger and bigger role, until decentralized anarcho communism could be achieved. Maybe after fighting off the governments first.

Op,what you are using as an example can be solved by the market economy.There are apps like Uder or Doordash,that use ordinary people to transport goods and those apps connect consumers with restaurants.
There's no need for blockchain technology to solve the problem you are using as an example.
Blockchain technology can provide more transparency and decentralization,but only in the industries,where such features are needed.

yeah, actually, this life can flow calmly without blockchain, i mean in the economy industry. like, people try to do, create something new to make easy user, and make profit for worker. and as time go by, crypto known little by little, and sure they will try to combine existed technology with the new one.

Xinarae*

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There have been many improvements in the world using blockchain technology. The human transaction system is becoming easier and the data delivery system is much easier the country's economy has improved a lot blockchain technology that aims at decentralization as a security measure these are distributed and shared databases and records are recorded with the effectiveness of creating a global index for all transactions generated in a given market. It works like a logic book only in public destiny and universal ways which creates sensation and trust in direct communication between the two parties without third party mediation.

maxreish

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We thought this scenario is easily solved by the blockchain. I know you proposed a good purpose by tell these ideas but there are always an unexpected glitch delivering these informations. For example, interrupted internet, wrong infos and data.

Lets always think of the possible things that may affect the efficacy of this idea. However, it can be a big help to use such blockchain for convenience and easy way living.

fiulpro

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Quote from: wouterzeitgeist on April 27, 2021, 06:54:45 AM

You tell the blockchain what you want and what you have to offer. Volunteers will tell blockchain where the resources are.

So say in Africa a man submits he would like to fish all day. Another man wants to ride his bike. Another family wants to eat fish for dinner. The computer links up all three, so that the extra fish the first man caught, will be driven by bike to the family.

You could have different matching algorithms that are competing just like crypto currencies today.

After time the computer would play a bigger and bigger role, until decentralized anarcho communism could be achieved. Maybe after fighting off the governments first.

Using blockchain to run economics will work out for countries where the Government is heavily Corrupt and at the same time the people have no say in the whole matter which makes the whole thing even more difficult to handle.... What blockchain can do is:
They can make the whole economy transparent. All the transactions from the politicians can be checked by anyone and that would be the beauty of the whole thing ! Can you do that with banks ?? Do you even know how much money these politicians hold at their houses ? It's actually an adverse situation. At the same time the simplicity is also a plus point, once given a little support they can be integrated in things like banks, Schools , practically anywhere they need file keeping.
I do think the reason why Government and the politicians are so against blockchain is because they are actually scared of the transparency that would come with it.

dezoel

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I like the idea of using blockchain, it’s going to be cool, but what the second comment stated is a fact, we will need to have a centralized body that will manage that, and by having a centralized body, it’s going to require that people verify their identities which is probably not going to sit well with a lot of people who would want to keep their identity private.

And since blockchain is an open space your information will be exposed to an extent so that anybody doing business with you will know who you are and how to trace you if there is an issue. Now that’s going to be the disadvantage for some people, but it will still have to be done in a case like this, because if it’s not, then a lot of people will be getting scammed everyday.

Kittygalore

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Quote from: Rana590 on April 30, 2021, 05:35:29 AM

Quote from: Kittygalore on April 30, 2021, 04:27:48 AM

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Actually we need more support to do that. Blockchain isn't able to stay in path of long run without proper guidelines. Blockchain technology can help to improve the economic condition but beside it, government should adopt it. Without proper necessary steps, we won't be able to prosper our economic condition.

My experience of government is really bad so I don't really trust them improving their system to a new level, government websites in my country don't work all the time and the site isn't even aesthetically pleasing. Maybe highly developed countries can adopt but I won't believe that my country will.

Hughes_Ryan

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There are so many intermediaries to reap the benefits, they pocket. These situations are always present in the contemporary economy. Where the rich can underwrite relationships, the poor cannot. This has been condemned in practice. The citizens want to do those things themselves. We will not need intermediaries, clarity to be displayed, blockchain is too viable until the government accepts change. The point is that just fine-tuning the ease of use, the training classes will not take long to change the enormous benefits of the new economy.

verita1

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Just when man realizes that governments do not help him to find the solution to his problems. He decided to search for it and find a way, although it has not been easy, it was the best solution he found and luckily it worked.

Now he does not trust centralization and fights for the new era of decentralization. Just as globalization arose, decentralization is fulfilling its mission anywhere in the world, thanks to the invention of Bitcoin.

adzino

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Quote from: wouterzeitgeist on April 27, 2021, 06:54:45 AM

You tell the blockchain what you want and what you have to offer. Volunteers will tell blockchain where the resources are.

So say in Africa a man submits he would like to fish all day. Another man wants to ride his bike. Another family wants to eat fish for dinner. The computer links up all three, so that the extra fish the first man caught, will be driven by bike to the family.

You could have different matching algorithms that are competing just like crypto currencies today.

After time the computer would play a bigger and bigger role, until decentralized anarcho communism could be achieved. Maybe after fighting off the governments first.

How effective is it going to be? Do we really need this? Is it because you want to make the system you are talking about decentralized? If so, why? A huge computational power would be needed in this case. Just because "blockchain" exists doesn't mean we should be using it everywhere. Like others pointed out, there are many flaws over here. I doubt decentralization is going to be the best thing for use cases like this. Wanted to know one thing, what makes you think getting rid of government is going to fix everything in the world?

Topic: Using Blockchain to run economies (Read 423 times)