Topic: What problems can Bitcoin & Blockchain solve ?? - page 4. (Read 636 times)

There are a lot of things that bitcoin and blockchain can solves, with bitcoin we can easily send money to other people that lived anywhere, and you dont need any documents to do that, it opened more chances to get income, which will be decreasing unemployment and make people's life become better
Blockchain technology could make any transaction become transparent, it had been used in settling land dispute and some of the institutions still observing to used it in different sectors

Be used as an alternate currency, used to record transparent data, send money from anywhere in the world, eliminate the use of longass account books to record data. There are so many things that I could tell you on what blockchains can solve. In simple words, they just make things much easier.

Read this: https://blockchaintechnologycom.wordpress.com/2016/11/21/advantages-disadvantages/

bitcoin solves the fiat transfer problem
bitcoin transactions do not take a long time different from fiat transactions, especially when transfer to different countries

and blockchain can prevent from all sorts and types of data manipulation
because every data flow must be through the confirmation before it arrives

I think it is the fast transaction and the transparency of the project, It is a high potential in replacing the world banking itself I guess bitcoin has its hopes of becoming a permanent crypto currency someday.

In my own opinion, bitcoin and blockchain technology can help a county to grow and be successful. For an individual, they can help financially. Let's just say I am an example of this. Last year, the whole 2017, I was drowning in debt. Many things happened to me and my family that's why I was forced to lend some money. My cycle, debt-salary-pay bills and debt-short-debt. It is just like that. But when I earned because of my investment, I paid all my debts and now, I am debt-free and can spend all the money to my family.

Blockchain technology is widely adopted and utilized as a chain supply and its ability to solve many societal problems this is attributed to its decentralized feature which invariably makes provisions for a wider application in many economy sector of the society. Meanwhile bitcoin is utilized as a digital currency with a feature as a store of value.

Most I like is money transfer money can wire money anywhere, it can also support problems with bitcoin money.so there are many problems that solve
There are a lot of scenarios that basically any scenario where partners equality wants to create a database between them, but does not quite trust a partner to run a classic database. Do not be afraid of a partner this storage db will fake the data. For bitcoin, blockchain technology solves, among other things, double the problem of spending. Even people who hate electronic money also see the potential behind blockchain technology

We need full transparency of all systems! crypto system will give us the opportunity to see purely the whole picture in any field! this will give us a reduction in inflation, due to the extermination of corruption! Fast transactions and exchange will allow you to develop faster and increase the rhythm of the global economy!

Bitcoin is a payment tool, exchange tool, investment tool. Most of all it comes with the Blockchain tool. It is a great technology with many advanced features such as security, anonymity and convenience. Blockchain is being studied for use in the fields of life. Introduction is high tech

For my own opinion, the blockchain technology is really helpful, because it enable the transparency of the payment of the people to each other. And Bitcoin is the medium of Blockchain, we use Bitcoin as currency, but that currency is virtual, you can use it without going to the bank.

There are some issues I know can be solved with Bitcoin:
1. Limited company in collecting investors. This problem often occurs when companies that have good quality but have no funds and investors.
With Bitcoin companies and investors worldwide can connect, and can make transactions or cooperation (within a project) easily. investors can send large amounts of funds quickly and at a low cost.

2. Fraud in managing the finances of a government agency or company.
We all know that the level of corruption and embezzlement of money often occurs in an agency.
With Blockchain technology all transactions can be seen clearly, so the cheating rate will be reduced.

3. Unemployment.
Trading, mining, and Bounty can reduce unemployment within a country.

In broad terms, they can solve an immense variety of problems. I don't think I have enough time and space here to list all of them, but among of the most important, or KEY, problems are preventing fraud and eliminating the unnecessary intermediaries, including government, in a wide range of public and personal matters. The fewer intermediaries, the lower costs and chances of power abuse, corruption, and red tape.

Payment, security, anonymous. Along with that, Blockchain is being applied to complex systems such as smart phones and management

Very true. I remember reading one comment before and it stuck with me ever since. It went something like, “Cryptocurrencies will do to money what the email did to the letter.” So basically, bitcoin and blockchain provide a revolutionary technology that allow for quick, easy and seamless transactions, simplifying our everyday tasks. No need for international wire transfers that take days. This could help shrink the wage gap too, since nobody can take or steal money from people through banking anymore. We can also have a decentralized internet and a more democratized system overall.

The economy of every nation that adapt Bitcoin and blockchain technology have become more improved by reducing the unemployment alone which is the most common problem of every country in which if the unemployment will reduce then of course the purchasing power of the people will become strong that it will help their economy to become more strong and stable too.

The world of crypto currency has done a lot of merits for the people who have worked in it. It has made people into millionaires and billionaires. A lot of people got jobs because of it, the country's economics conditions improved. Not only that, but it was able to make all the countries into one market.

Blockchain is gaining speed in the humanitarian sector. The technology is still in its early days, yet more than half of social-good blockchain initiatives are estimated to impact beneficiaries by the end of this year, according to a Stanford University report published in April.
These concepts have the potential to impact countless people. The report, which analyzed 193 organizations, initiatives, and projects that are leveraging blockchain to drive social impact, identified 20 percent of them as providing a solution that would not otherwise have been possible without blockchain, and 86 percent as providing material improvements over existing solutions.Still, the road for blockchain integration in philanthropy and international development is not an easy one. Development organizations, nonprofits, and governments tend to be risk averse and slow to adopt innovative and disruptive technology. And there remain a slew of unanswered questions about the potential negative implications. 
“Another significant barrier to wide-scale adoption is that introducing a new technology does not solve for the local economic and political forces that often impede the effectiveness and transparency of aid or philanthropic initiatives,” adds the report. “In order for blockchain to be a transformative solution, collaboration and open dialogue is required across borders and sectors to develop a sustainable and scalable solution.”
A growing number of donors are paying attention. In just the past few months, both the United Kingdom Department for International Development and Denmark’s Ministry of Foreign Affairs released reports on the opportunities for blockchain in international development. The United States Agency for International Development also released a primer two months ago on how

The most important 2 problems that Bitcoin can solve are:

Printing money without a end PROBLEM (limited supply)

Banks "printing" digital money PROBLEM, every time when you deposit money with your bank that bank can lend 90% of the sum to someone else, because it's must have only 10% reserve (can't do that with bitcoin because of ownership)

The solution to these 2 problems will give us financial freedom. Something that we did not even hoped for  before bitcoin.

Through the blockchain technology, transaction becomes easier and faster. Various economical crisis can be met with Bitcoin and blockchain technology. It provides adequate transparency and is therefore anti corruptive in nature.

Bitcoin is a virtual coin and peoples are trade with this coin and blockchain provides the security when trades are occur. That’s why it needs more security for the investors.