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Topic: What problems can Bitcoin & Blockchain solve ?? (Read 636 times)

full member
Activity: 364
Merit: 100
What problems in the world can Bitcoin and blockchain technology solve ?
There are many problems that are solved by bitcoin such as cheaper transactions because they do not go through bank intermediaries, and in the economy there are many unemployed people, with bitcoin they do not work alone without bosses without qouta by trading, they also carry out bounty campaigns. so bitcoin has many problems that are solved.
full member
Activity: 434
Merit: 100
Bitcoin and blockchain have solved many problems already at this their early stages. Many companies have moved to blockchain technology by understanding it's usefulness. The voting system can be designed on a blockchain with transparency. Ethereum blockchain serves as Dapp for developers. Steem blockchain is a blockchain blog where you can earn by writing which have actually superseded Facebook and it's likes. There are blockchain where you can monetize your ads. Bitcoin serves as remittance and is solving delaying issues when it comes to transfers. Yet we are still in its infancy.
member
Activity: 266
Merit: 32
Will blockchain technology make online voting in National elections 100% secure and safe ??
newbie
Activity: 294
Merit: 0
Maybe with the technology bitcoin and blockchain will solve the problems in the field of economy, for example in the field of transactions, and easy money digital. maybe that's one example.
newbie
Activity: 94
Merit: 0
What problems in the world can Bitcoin and blockchain technology solve ?
to be honest I really like bitcoin and blockchain because it can help those who have a living need deficiency
jr. member
Activity: 92
Merit: 2
There are so many problems that they can solve. For example, the project about medical or game.
newbie
Activity: 76
Merit: 0
Bitcoin and blockchain can solve problems related to currency like exchange or payment.
member
Activity: 340
Merit: 13
As the purpose of bitcoin is to make a transaction through blockchain without any involvement of third party and also the government, problems have been solve into it. Example, if we want to pay or deposits our money, bitcoin is their to store and also pay to the people we want to pay as a per 2 per transaction.
full member
Activity: 588
Merit: 100
What problems in the world can Bitcoin and blockchain technology solve ?
A lot of problems Buddy! Even within the blockchain system there are a lot of problems that can be solved by using Bitcoin and the Blockchain technology. Currently, there are projects focussing on medicine, energy, gaming, finance and so much more.
copper member
Activity: 168
Merit: 0
Blockchain and bitcoin have solved so many problems and will solve more in near future, blockchain is a solution provider to the world by decentralizing everything that has to do with human and most especially financial aspect and keeping real data that can be utter once the node is generated,which every one can verify at any giving time.
member
Activity: 252
Merit: 10
What problems in the world can Bitcoin and blockchain technology solve ?
All problems of centralization.
I most like the possibility of money transfers quickly and without intermediaries.
But while bitcoin has such a voluntariness and lack of convenient services for cashing, this advantage is fully impossible.
newbie
Activity: 112
Merit: 0
many problems have been solved bitcoin and blockchain,

bitcoin and blockchain have created new jobs and almost eliminate unemployment in my country,

bitcoin and blockchain can be an alternative to inter-money transfers quickly, practically, and do not need to go to the western union to send money,

bitcoin and blockchain can eliminate corruption problems in my country if my president accepts bitcoin as legitimate money

and there are still many problems that can be solved with bitcoin and blockchain.
newbie
Activity: 101
Merit: 0
Just imagine that in the world all databases will work through the block.  This is an instant response to all the questions of interest in education, health care and others.
newbie
Activity: 149
Merit: 0
Blockchain can solve a whole range of problem if integrated into our everyday lives. For the figures and values on the blockchain network cannot be altered.
Should it be applied for procurement in public offices, it will wipe out coruption, I hope it can find its way to Nigeria's politcical election so as to avoid electoral practices and bailout box hijacking.
Bitcoin and blockchain solve the problem of discrimination because of blockchain there is equality in all transactions, no identity revealed whether rich or poor, fair is equally distributed. It also reduces unemployment and contributes higher economical status. Bitcoin gives hope to those who suffered from financial stress crises.
full member
Activity: 658
Merit: 105
They solve the age-old problem of financial slavery. From which derive all other slavery.
full member
Activity: 364
Merit: 117
blockchains (e.g., those used by bitcoin or ethereum) enable two people or organizations to confidently and securely transfer value (e.g., money or a digital asset) electronically from one person or organization to another without an intermediary (e.g., a bank or PayPal).

a side note, technically, the blockchain solved the Byzantine Generals’ Problem, but since the question asked for problems it “generalizably” solves, this is very simple, non-technical answer.

member
Activity: 420
Merit: 10
A digital asset known as blockchain-based cryptocurency to manage ledgers that have absolute control for all users .. so all transactions will be easier, safer and transparent.
sr. member
Activity: 423
Merit: 250
a way to protect the exchange of information, money, or capacity. bitcoin is only a special case of value exchange
member
Activity: 238
Merit: 11
Crypto currency is also able to solve the problems associated with electronic payments: fraud, the presence of mandatory confirmation by banks, the conversion of currencies and the payment of a share for the transaction. In addition, now there is no need for a guarantor, which will confirm the financial viability of the participants in the transaction.
newbie
Activity: 101
Merit: 0
I think if you can use it well bitcoin can be a weapon that can solve your problems because all the problems in the world are dominantly rooted in money. people are fighting for money, people are married for money, and all power must require money.
The conclusion is that bitcoin and blockchain can solve your main problem of money.
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