Topic: What are the opportunities we have in blockchain? - page 8. (Read 1284 times)

yes, and blockchain technology is becoming viral everywhere. Today every aspect of life uses blockchain, especially in the business world. such as blockchain real estate, blockchain microfinance, insurance blockchain, and others.

and all have a purpose for easy our lives, and if the public attention is higher to the blockchain, then the future of crypto will be good too.

these blockchain technologies will help to make internet more secure and it can also make future control over ai much more secure specially if these ai are used to drive unmaned cars and drones it will also lead to a wider job opportunities in this field and yes if it can replace currencies then it will be the new decentralized currency all over the world

My little research has shown that the following are some of the business opportunities that abound in blockchain technology;

1. Banking

Nevermind that blockchain — the backbone of Bitcoin — was created to circumvent traditional financial institutions. Or that banks originally opposed cryptocurrency, fearing obsolescence if unregulated currency ever went mainstream. Blockchain, it seems, now has a new friend, and it is none other than the global banking system.
2. Smart Contracts

One of the hottest features of blockchain is its ability to facilitate smart contracts. While the fintech, banking, and legal services industries are already dabbling with automated transactions that execute based on preset conditions, a whole host of other business are clueless that they, too, could benefit from smart contracts.

3. Connected Car

The automotive industry is proceeding steadily toward its goal to have more than 37 million connected vehicles on the world’s highways and byways within the next five years. The road to mainstream adoption of IoT vehicles will paved, in large part, by blockchain technology.

4. Healthcare

No industry requires more data to be processed daily than the healthcare sector. From patient admittance to recording surgical results, every patient represents a torrent of data that must be kept accurate, accessible, as secure. No technology can satisfy these requirements like blockchain.

5. Internet of Things (IoT)

The growth of IoT technology cannot be over exaggerated. With everything from cars to connected homes hooking up, the market for technologies to support IoT is enormous. With $6 trillion expected to be invested in IoT during the next five years, an increasing number of tech companies are looking for ways to carve out a share of the market. One of the best opportunities awaits innovators who can make IoT data move more quickly and remain secure using distributed ledger technology.

My suggestion is that it is best for ordinary people not to touch the blockchain investment. Because this is like taking hard-earned money to casino gambling. It is very likely that you will lose your net worth.

There are a lot of advantages of blockchain, because this technology can be implemented in almost any sphere of our life. This technology allows you to keep information from all members of the system at the same time, making it impossible to break and steal it;
It is characterized by transparency of these transactions, so that any user can track the information about the transfer of funds and make sure that the payment in the system was actually sent; in addition, the system has the irrevocability of all transactions: the payer can not recall or freeze sent money transfer "retroactively", thus deceiving the recipient; Transfer of codes of monetary units and other virtual valuables from the payer to the recipient directly, without the participation of intermediaries

Financing,trading and security are indeed bout what blockchain can give,but what about medicinal?or medicine?i guess it will he part when foods are beinh covern by this technology but so far lets not get t foods and drugs..

In future not only digital aspects will blockchain get involved,all things that need service will be covered and if that becomes reality then whole world will be on the run for cryptocurrency

The opportunities in the rise of blockchain technology is profit. If you have mastered this kind of technology then you are creating your own opportunity. Blockchain technology will be the technology of the future, it will not only be used in cryptocurrency but also in trade and commerce. It could also be used in the field of education as well as the government. If you are a master on this, then just imagine how much money you can earn by offering your services.

The technology of the blockchain appeared recently. But already has ample opportunities for its application.For example, General electric and Chinese giant Ali Baba use blockchain technology in logistics.To keep track of all of the supply chain which involved a lot of contracts and contractors.Blockchain technology can be used in insurance medicine.This will allow the customer to have full control over their data.The technology can be used in online shopping.This will prevent you from being able to identify and you can break the link to this information at the touch of a button.

We live in a world of Digital Piracy. Creative entrepreneurs will benefit significantly in protecting their IP. its will help in the security aspect of other companies also by protecting their servers,computers and other digital stuffs

This blockchain technology has become popular due to the explosion of Bitcoin following it. The most interesting part about blockchains is that all parties involved in this application play the same role. By default, Bitcoin's blockchain system updates about 10 minutes, which makes it easier to implement and manage than an out-of-date hand-held system. In addition, blockchain technology does not pass through any third party, which reduces the transaction fees. In addition, each blockchain system is designed with its own interface - a wallet application of pre-coded types. Users often use wallets to pay for goods and services with encoding money.

The opportunity ia having access to anonymous transactions and also fast way of sending payment

Blockchain technology is increasingly developed, allowing for secure data transmission based on extremely complex coding systems. Blockchain technology has confirmed that coins in the cryptocurrency market will grow. Blockchain develops many different areas. This helps us to trust and invest in the cryptocurrency market.

It's a great idea to have these all records maintained through the blockchain. But as far as I have the knowledge of blockchain technology, it is a peer to peer network which avoids third party's concerns. There are many things that needs to be publicly available not only between two individuals.
As I am not technically sound with IT therefore I may not have a good understanding of blockchain and its various uses. My interest in the blockchain is concerned only upto the cryptocurrency.

yes, today's, blockchain has attracted many people to use the blockchain system. part of industries can already see the opportunity to combine with the blockchain system. DNC is a cryptocurrency whose value is equal to 4.25 grams of gold and then saved in a blockchain system.

Chinese insurance companies have also used blockchain. the prince of the Dubai state wants to secure state of documents by using the blockchain system. and now the blockchain system has expanded to all aspects of life.

but, sometimes blockchain is also used as a tool to commit the crime by manipulating blockchain, such as blockchain onecoin system.

Nothing much good about the block chain that won't scale and most of it was taken
from bit-torrent and re-hashed anyway and is not the word of god like many of the
faithful here like to preach.

Lot's of opportunities in Bitcoin including getting out without having to take a loss
on your gamble if your not too greedy but to many burger flippers that would be the
end of a dream so they will stay in until someone turns the lights off.  

There is no doubt, that a decentralized network like blockchain is going to revamp the world, mostly the public sectors where transparency and authenticity is must needed. Moreover there are lot of companies working on same tech, to specially mention here there are few countries too who are trying to blend their current public sector platforms with decentralised network.
Also as Frank1 mentioned the list, those are just few startup sectors the list will go increases with time.

Blockchain technology is the best decentralization technology I suppose following internet and torrent later on. Some people say its overrated (my regular IT guy friend) But I think it will be used in many industries after 2025 or 2030?

One of the key advantages of using blockchain is the opportunity to eliminate intermediate units, increase efficiency and speed of operation. The challenge for startups, however, is to understand the nature and operation of blockchain and to look at how to manage effectively when investing or moving to a new technology. From the government block, banking-finance, supply chain, e-commerce, high-tech agriculture ... and there's no denying that a blockchain is being used more in every way.

As franky1 said, those are the possible uses for a decentralized blockchain. But how would those uses be efficient and who pays for the costs? Will they have token rewards for the maintainers?

It might be cheaper to run a centralized database than a decentralized, append only ledger.

blockchain technology is very beneficial to everyone in the world.
even for the future one of the most useful blockchain technologies you can read in my signature.