Topic: What problems can Bitcoin & Blockchain solve ?? - page 2. (Read 636 times)
many problems can be solved by bitcoin and blckchain. But the financial problems that always make the community dizzy to getya.so that excess bitcoin that can help earn bigger income. and there have been many who have become rich suddenly during joining bitcoin .. but why now the price of bitcoin falling down, this is just the constraint ...
As far as I know, Blockchain may be used to facilitate digital voting in the future because of its high security, which is needed for online voting. sing the blockchain, a voter could check that her or his vote was successfully transmitted while remaining anonymous to the rest of the world.
As for Bitcoin, it makes transaction simpler, faster, cheaper, and more convenient.
As for Bitcoin, it makes transaction simpler, faster, cheaper, and more convenient.
Online voting for national elections should be the top priority after cashless society. Blockchain provides all the security that is excellent.
As far as I know, Blockchain may be used to facilitate digital voting in the future because of its high security, which is needed for online voting. Using the blockchain, a voter could check that her or his vote was successfully transmitted while remaining anonymous to the rest of the world.
As for Bitcoin, it makes transaction simpler, faster, cheaper, and more convenient.
As for Bitcoin, it makes transaction simpler, faster, cheaper, and more convenient.
Bitcoin offers some unique advantages due to its unique nature. With Bitcoin, there is no longer the fear of interruption user transactions or being placed freezes on users' accounts since there's no third parties like banks or other financial authorities.
As for Blockchain, with the timestamp characteristics, it has ability to confirm the existence of something at a stated time that is further provable in a court of law.
As for Blockchain, with the timestamp characteristics, it has ability to confirm the existence of something at a stated time that is further provable in a court of law.
Blockchain is helpful in solving problems of Internet-of-things:
- It solves the problem of your ownership with smart appliances and enables transferability by encrypting these appliances on the blockchain.
- It facilitates Supply Chain Sensors which gives companies end-to-end visibility of their supply chain by providing data on the location and condition of the supplies as they are transported around the globe. The blockchain stores, manages, protects and transfers this smart information.
- It solves the problem of your ownership with smart appliances and enables transferability by encrypting these appliances on the blockchain.
- It facilitates Supply Chain Sensors which gives companies end-to-end visibility of their supply chain by providing data on the location and condition of the supplies as they are transported around the globe. The blockchain stores, manages, protects and transfers this smart information.
What problems in the world can Bitcoin and blockchain technology solve ?
The blockchain technology can solve many problems. It's a decentralised, immutable, trustless ledger (database)... There are tons of scenario's that pop to mind, basically any scenario where equal partners want to create a database between them, but don't fully trust one partner to run a classical database out of fear this one partner that hosts the db would tamper with the data.
You can use a blockchain database to store insurance information and share it between insurance companies and individuals; univeristy's can use it to store hashes of grades, titles, diploma's, so somebody interviewing for a job can immediately be crosschecked about the diploma's he/she claims to have;... and those are just 2 commonly known examples.
For bitcoin, the blockchain technology solves, amongst other things, the double spending problem. By storing transactions onto a decentral, trustless, immutable ledger, people can not double spend unspent outputs without their transactions getting rejected (given that the first transaction is already included in a block at the time the double spending transaction is broadcasted).
Even the people that hate crypto currencies see the potential behind the blockchain technology
In short, problems that are trust related. Banks startes from escrowing services due to the lack of trust of the people to each other and I can't blame them for that. But now, with the introduction of blockchain and smart contracts, we can now transact online with confidence and assurance that the contract would be implemented
Exactly, it assures both parties have no control over the order to be fulfilled and only the smart contract algorithms will take care of that issue.
I think that there are no limits to the use of Blockchain technology in our world. The same can be said about Bitcoin. These technologies can solve any economic and other problems.
The most important problem that bitcoin and blocking can solve is the complexity in the execution of transactions and their high cost. Bitcoin and other crypto currency are able to transfer huge amounts of money to any distance for a very small payment. Before the appearance of bitcoin, this was impossible.
Every aspect of problem facing humanity can be solve on blockchain efficiently. Energy, database management and fair gambling can be solve with blockchain. Bitcoin solve payment system among peers.
Well bitcoin has solved many problem like poverty and unemployment.Bitcoin is a payment tool, exchange tool, investment tool. Most of all it comes with the Blockchain tool.
What problems in the world can Bitcoin and blockchain technology solve ?
Bitcoin and blockchain solve the problem in inflation of a currency. Since Bitcoin cannot be reproduce or copy, etc inflation will not kick in. It also solve the problem in the banking. Too many people don't have a bank account because of too many requiments and the minimum deposit that cannot afford by many. It also solve the hassle everytime you need money specially large amount of mone that you need to go to the bank and fall inline. 
What problems in the world can Bitcoin and blockchain technology solve ?
There are many things that bitcoin and blockchain technology solve,and one of them the economic problem of the different country and because with the help of bitcoin and block chain the economic gross weight of those country who used cryptocurrency is become progressive and industrialize in the world market and one example of this country is japan,who become popular now because of digital currency.
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.
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.
Hello, I am a student physicist of Siberian State University. Our platform scientificcoin.com is recruiting users. We do not sell anything, but we need experts, developers, scientists, and journalists.
SCIENTIFICCOIN is a Blockchain platform for scientific projects with decentralized evaluation.
Scientificcoin.com (the main information website of the project).
Scientificcoin.io (the beta version of the crowdfunding platform for scientific researchers).
Hireascientists.com (freelance platform for the science industry).
I hope I did not inconvenience you with my letter.
https://t.me/joinchat/CeookU293Bn2xGARpNZQGQ
Yuri Taksanov
SCIENTIFICCOIN is a Blockchain platform for scientific projects with decentralized evaluation.
Scientificcoin.com (the main information website of the project).
Scientificcoin.io (the beta version of the crowdfunding platform for scientific researchers).
Hireascientists.com (freelance platform for the science industry).
I hope I did not inconvenience you with my letter.
https://t.me/joinchat/CeookU293Bn2xGARpNZQGQ
Yuri Taksanov
What problems in the world can Bitcoin and blockchain technology solve ?
The blockchain technology can solve many problems. It's a decentralised, immutable, trustless ledger (database)... There are tons of scenario's that pop to mind, basically any scenario where equal partners want to create a database between them, but don't fully trust one partner to run a classical database out of fear this one partner that hosts the db would tamper with the data.
You can use a blockchain database to store insurance information and share it between insurance companies and individuals; univeristy's can use it to store hashes of grades, titles, diploma's, so somebody interviewing for a job can immediately be crosschecked about the diploma's he/she claims to have;... and those are just 2 commonly known examples.
For bitcoin, the blockchain technology solves, amongst other things, the double spending problem. By storing transactions onto a decentral, trustless, immutable ledger, people can not double spend unspent outputs without their transactions getting rejected (given that the first transaction is already included in a block at the time the double spending transaction is broadcasted).
Even the people that hate crypto currencies see the potential behind the blockchain technology
In short, problems that are trust related. Banks startes from escrowing services due to the lack of trust of the people to each other and I can't blame them for that. But now, with the introduction of blockchain and smart contracts, we can now transact online with confidence and assurance that the contract would be implemented
What problems in the world can Bitcoin and blockchain technology solve ?
Bitcoin has a lot of benefits where as you can feel it when you started loving it. For an instance is that in doing transactions, it is easier when you use bitcoin because in just a few clicks you can pay for your bill or do other things, you can also monitor your pwn transactions where as you can see what you are doing with your bitcoin. Moreover bitcoin can probably lessen the poverty because it gives opportunity to people, even if you only have a small amount of money, you can start up with bitcoin. Bitcoin can help us in many ways and this is just one of its perks.I think Bitcoin and blockchain technology are tackling unemployment in the world. I was an unemployed person before. But now I'm doing a lot of things like bounty campaigns and Airdrop to earn more monthly income
I agree with your opinion. There are many unemployed people in the world, and nowadays, these people have a lot of work to make money online with Bitcoin. I also think that Bitcoin and blockchain technology was created to eradicate unemployment
What problems in the world can Bitcoin and blockchain technology solve ?
Bitcoin and blockchain solve of course can work without hassle for easy for all bitcoin transactions including altcoins transfering funds in way people continue adopting cryptocurrency and give opportunity those people unemployed to work at new technology of currency.
They have really solved so many problems but the ones which I think has been superb to me is the security issues. Blockchain has really helped in the security aspects in cryptocurrencies.
There a lot of problems which btc can solve especially for developing countries and cool projects which need investment. I found a really good ICO - Socratus. It is an insurance ecosystem which provides a digital platform with instant claim payment products for insurance companies, so any insurance company can connect the platform to become the part of Insurance Digital Ecosystem. In my opinion, it is good that they work with different kinds of insurances such as property, flight delay, cyber insurance and the core aim of the project is to help insurance companies to save their money and get their business on a new level. Like, they can help the insurance company to lower expenses from 15% to 25% on claims handling and operational expenses. Moreover, they powered by Smart-contracts & Socratus Oracles. It means that there is no more solo human decisions to pay or not to pay, no more lingering manual claims handling procedures. I think this is really cool and it seems like an innovative and demanded project.
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