Topic: What are the opportunities we have in blockchain? (Read 1280 times)
I believe that the blockchain technology is still at its early adoption stages. I would like to see more development in the gaming industry though we have protocols like Zil who are doing a great job.
::)the whole world once this technology will be accepted
I think blockchain offering many opportunity to our economic system. In monetary system, blockchain can control money supply in market and for bussiness, blockchain can saving a lot cost. I think blockchain will be used in many industry including banks
The blockchain is still in its infant stage and is comparatively new compared to other technologies out there. This means that there are tons of opportunities for blockchain. We can see an increase in the use of hybrid, federated, and other forms of the blockchain. Bitcoin and Ethereum, the two top blockchain solutions are also being upgraded with new updates including the lightning network for bitcoin and Constantinople update for Ethereum. We are on the verge of Web 3.0
First, for the introduction of the blockchain, you need to rebuild large systems with a large number of participants. Each system seeks to preserve its properties and structure, resisting changes. Therefore, it is easier to start implementing the blockchain from small. As does the government of Sweden, which is slowly converting the land cadastre to the blockchain.
Secondly, the blockchain is not regulated in any way by the legislative base and is still far from it. “In order for technology to gain trust, it must meet standards. There are no standards — there is no compliance, ”explains Maxim Avdeev, head of the business development department at Life.SREDA.
Thirdly, a large amount of computing power and energy is needed to support the blockchain technology (for more details, see the article on mining bitcoins). Experts predict that the cost of electricity to support Bitcoin can by 2020 be able to reach the level of consumption in Denmark
Secondly, the blockchain is not regulated in any way by the legislative base and is still far from it. “In order for technology to gain trust, it must meet standards. There are no standards — there is no compliance, ”explains Maxim Avdeev, head of the business development department at Life.SREDA.
Thirdly, a large amount of computing power and energy is needed to support the blockchain technology (for more details, see the article on mining bitcoins). Experts predict that the cost of electricity to support Bitcoin can by 2020 be able to reach the level of consumption in Denmark
Blockchain provide the decentralized ledger keeping blockchain is mainly useful in government documents with blockchain technology government files can be accessed in transparency main governments are planning to implement blockchain in their administration
Blockchain is a incredible creation in the modern world i think. This is system is unique and no one control this method.
For this creation world going to digital. I just showing one big example to using blockchain you know that P2P transaction this is amazing.
Blockchain is a sophisticated technology regarding bookkeeping that is very systematic and decentralized, facilitates and speeds up transactions so that in a short time it can be implemented. In addition, it can avoid budget leaks that often occur when using a centralized system. We can use it to simple activities, for example in friendship networks or online trading networks. For this creation world going to digital. I just showing one big example to using blockchain you know that P2P transaction this is amazing.
A few I can mention is the enhanced security system an immutable structure it possessed transparency reduced cost when transactions are made, and increased efficiency and speed the opportunity on blockchain is a great one
The artificial intelligence aspect of blockchain makes it simple to make complex work in field of data science, agriculture , energy and many other autonomous work to be carried out without much human resources.
There is so much that we can do with blockchain technology, because this technology can be applied to all sectors, such as agriculture, energy, finance and even defense of a country that can use blockchain technology. There are still many opportunities that can be done as long as our creativity continues to be developed. 
The nature of the ledger of the blockchain can be seen by others but at the same time it is safe because it cannot be changed by just anyone. This is what makes the Blockchain dualism.
This fact is also an advantage because it can make business integration between companies more efficient. Everyone can trust each other because all data can be recorded properly, can be seen by others even though there needs to be special access first.
If the data can be replaced, there will always be a track record because the concept of the chain itself cannot be replaced, it can only continue to be added.
This fact is also an advantage because it can make business integration between companies more efficient. Everyone can trust each other because all data can be recorded properly, can be seen by others even though there needs to be special access first.
If the data can be replaced, there will always be a track record because the concept of the chain itself cannot be replaced, it can only continue to be added.
Apart from being a distributed ledger, blockchain can improve education process, voting, IoT and networking, author’s right and intellectual property, forecasting, healthcare, real estate and it’s not the whole list. Making digital notes more substantial and at the same time guaranteeing their connection with the digital identification and their uniqueness, providing programming possibility of logical work of exchangers and automatic control of assets, blockchain opens the door for other opportunities. The technology creates an inviting atmosphere for achieving a dream of idealists and materialists.
When the Internet appeared, many were unaware of its possibilities.Now what we see-a holistic global ecosystem in which there is every third inhabitant of the Earth..Blockchain will provide the whole humanity with a completely new digital world in which there will be completely different values and a completely different kind of relationship..As a supporter of this technology,I see its application in all spheres of life.
Blockchain is a incredible creation in the modern world i think. This is system is unique and no one control this method.
For this creation world going to digital. I just showing one big example to using blockchain you know that P2P transaction this is amazing.
For this creation world going to digital. I just showing one big example to using blockchain you know that P2P transaction this is amazing.
Application of blockchain is so huge, that could find applications in any field, in my opinion, the most promising are finance, trade, security and medicine.
However, I tend to believe that blockchain technology is more suitable for cryptocurrency than for business, healthcare industry and so on. 
Blockchain is not the only interesting technique of cryptocurrencies. There's the p2p networking, the actual cryptography, the consensus algorithms like proof-of-work and proof-of-stake, privacy features like zk-snarks and ring signatures.
Block Chain Technologies gives us an opportunity to earn money. But for some reasons some countries are against Block Chain. So far this opportunity is not available to all the people.
One of the major advantages I think is not actually the payment system potential, but the functionality that smart contacts offer.
Bitcoin is definitely lagging behind in this area, as it will either require a few forks, or sidechain implementation to approach the smart-contract functionality offered by its rivals, but once it gets there, decentralized applications and decentralized file storage systems are only a matter of time.
Bitcoin is definitely lagging behind in this area, as it will either require a few forks, or sidechain implementation to approach the smart-contract functionality offered by its rivals, but once it gets there, decentralized applications and decentralized file storage systems are only a matter of time.
I agree with you. I believe the reason why people trust blockchain because of the smart contracts offer as their information are encrypted stored safely on the shared ledger as well as autonomy where the owner will have full control of their wealth.
The Blockchain is an innovative Tech that has many substantial implementations. For instance, it offers real transparency that the traditional cyber world lacks. In addition, this tech makes it easy to track chains supply, share data, and ownership protection, ...etc.
Block chain was introduced as the back bone of Bitcoin when Bitcoin was created. All the banking sectors didn't welcome block chain technology at the beginning but now almost banks are accepting the Block chain technology .The block chain technology has become friendly in the global banking system now. and have started adopting block chain .With block chain technology there will be no manipulation done and it will be safe and secure .
Now a days we have seen world is thinking about implementation of blockchain technology. Because it is one the secure technology in the world and it very much difficult to hack. Now lets talk about opportunities :-
Being a student we have to take Blockchain as an opportunity because it is in initial stage and development is running on it. For clearling opportunity concept i want to go to past when internet was invented, It was used in universities on single server and only those universities students could be accessed internet and then people came up with an idea Web2.0 and we would able to used host server for access websites from anywhere for example - I could easily browse internet website from far away place
NOTE - You know when internet invented it was decentralized
Now Block chain opportunities -
You know there are only few people who knows about blockchain technology and how it is technically work and how blocks are created.
Crypto currency is only one of the application that was gone viral in 2009.
blockchain can be used for maintaining the record on any person or any entity.
Guyz Share your thinking and idea so we can explore more about blockchain
Being a student we have to take Blockchain as an opportunity because it is in initial stage and development is running on it. For clearling opportunity concept i want to go to past when internet was invented, It was used in universities on single server and only those universities students could be accessed internet and then people came up with an idea Web2.0 and we would able to used host server for access websites from anywhere for example - I could easily browse internet website from far away place
NOTE - You know when internet invented it was decentralized
Now Block chain opportunities -
You know there are only few people who knows about blockchain technology and how it is technically work and how blocks are created.
Crypto currency is only one of the application that was gone viral in 2009.
blockchain can be used for maintaining the record on any person or any entity.
Guyz Share your thinking and idea so we can explore more about blockchain
I don't really understand blockchain technology because I only focus on bitcoin and cryptocurrency, if there is further explanation about the blockchain and how it works, I will thank you very much for sharing knowledge.
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