Why everybody is doing blockchain? | Bitcointalksearch.org

MkGregor

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Bitcoinus Community Manager

Quote from: nvedia on January 01, 2018, 07:49:45 PM

Why everybody is doing blochain?

I feel the world is already doing good.
Our internet speeds are good, hospitals are doing good, insurance is working and so are the schools, flights and education

Why there is so much hype about blockchain and decentralization all of a sudden?

If insurance industry or banks are storing the transaction information in a central database/system and its been working fine so far and there is no double spending problem
, how would making it decentralized help so much?
Atleast from end user/customer it really doesnt matter as long as the information stored is accurate and transactions are going fine (which is already happening)

Agree that in the past, lot of hacking attempts happened (the big retail store credit card, credtit rating hacked etc) but these problems would still exist even if we do blockchain

May be I did not understood the concept of blockchain. Does anything changes drastically for me, the end user?
I would be still going to website to book my flight tickets or go to centers to write exams or get my insurance claims or be dependant on the banks for withdrawing my money etc
Please provide any links or articles to read which explains it in layman terms on what is really changing and what the sudden splurge of devs/companies are really doing

In the space of 5 years the way we process and transfer information will change radically because of blockchain. Put it simply, this is more efficient and safe way of transferring the information, than any other so far invented. Watch these two videos, and if you don't have time, watch the second one:
https://www.youtube.com/watch?v=sDNN0uH2Z3o

https://www.youtube.com/watch?v=hYip_Vuv8J0

bicoin110

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people moving to money and love it. blockchain give money to people. so you see this conditions.

Btcjunpitz18

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In doing blockchain u will lost your worries as I have read an articles that "The fear of missing a trend.” suspect the leadership at great technology companies are similarly vigilant; the last thing they want is some new kid on the block disrupting their business models.

In the last 20 years, it's hard to think of a single revolutionary technology that Amazon, Google, Apple, or Facebook did not experiment with. Cloud technology, artificial intelligence, big data, voice assistants, augmented reality, self driving cars, machine/deep learning … all of these have been embraced (even pioneered) by these companies. But when it comes to blockchain, these firms don’t seem fazed by (or bothered with) it.

Anna567

newbie

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Because the rapid development of the block chain industry in recent years, we see the value of the blockchain and its development space, naturally, there will be a lot of people pay attention to the blockchain project.

Fundalini

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Blockchain is the most useful innovation in our time imo, however lots of people sees it as an easy way of making money hence resulting in its the sudden popularity. Our time today feels like the gold rush...

menoharrison

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because we make investments and transactions so very easy and safe, Blockchain Technology is also designed to prevent the Bitcoin system from being hacked.

YzzyGo

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A simple google search will yield most of the information that you need. The backbone of the concurrency industry, the blockchain technology, is one of the most important invention for the past decade. With it, you can remain anonymous with your transactions but people will still know that it happened since the ledger will be open to the people. No central bank keeping your private information which can be opened by any employee.

noonc

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With the development of the blockchain network, the value of the business system will continue to grow, and the blockchain in the business network, simultaneously playing a variety of types of participants. When the business network business development and growth, better reflect the value of blockchain technology. And, with robust business systems, business networks can more easily reach key quality levels, enabling users to quickly set up new business models and develop deals.

Hafamot

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As storing if data is important for record purpose and reference. Likewise blockchain is a transaction record of crypo. The world can not be shy from it as it unique and store of value in cryptography and cryptocurrency.

casdder

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Pay attention to the role of blockchain technology in trading, trading and business processes
Business networks and ledgers have long been the two concepts that explain blockchain, and when combined, blockchain technology is the cleverest and tightest choice for trading, payment transactions, and business processes.
Ledgers who trade on the web are in sync, and all users must approve and store the blockchain before confirming the transaction's tangible or intangible assets.
The idea of sharing in blockchain technology helps to be more transparent and fair in trade and payment transactions, even in the unfamiliar territory of both parties.

fiulpro

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Well you know despite all the efforts we put into the thing is ..we aren't able to provide really corruption free good services and the government isn't distributing it's power and it's kind of concentrated at a point and thus it's creating problems and we aren't able to do anything about it...
These kind of decentralized system and cryptos are working towards making it amazingly nice and easy for people to know oneself and their rights and it's more secure and transparent and that's something that's good for the society .

mr.bitcoin2k17

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Because it is a very promising techonology which can realy change the world

TiffanyLien23

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Blockchain Technology is designed to prevent the Bitcoin system from being hacked. This provided the opportunity to open the Decentralized method and to secure every transaction that occurring on Bitcoin.

AlexanderAnthony

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Blockchain is the world's leading software platform for digital assets. Offering the largest production block chain platform in the world, we are using new technology to build a radically better financial system. And also blockchain technology is designed to prevent the bitcoin system from being touched or hacked.

raven1322

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Quote from: nvedia on January 01, 2018, 07:49:45 PM

Why everybody is doing blochain?

I feel the world is already doing good.
Our internet speeds are good, hospitals are doing good, insurance is working and so are the schools, flights and education

Why there is so much hype about blockchain and decentralization all of a sudden?

If insurance industry or banks are storing the transaction information in a central database/system and its been working fine so far and there is no double spending problem
, how would making it decentralized help so much?
Atleast from end user/customer it really doesnt matter as long as the information stored is accurate and transactions are going fine (which is already happening)

Agree that in the past, lot of hacking attempts happened (the big retail store credit card, credtit rating hacked etc) but these problems would still exist even if we do blockchain

May be I did not understood the concept of blockchain. Does anything changes drastically for me, the end user?
I would be still going to website to book my flight tickets or go to centers to write exams or get my insurance claims or be dependant on the banks for withdrawing my money etc
Please provide any links or articles to read which explains it in layman terms on what is really changing and what the sudden splurge of devs/companies are really doing

Don't be too skeptic about it my friend, but you need to see it this way. The block chain technology is our way to get out of the current norm of our society where in big companies dictates how the financial system goes. Think of it that the block chain system is like the internet all over again. Whether you like it or not, you will eventually succumb to it.

mathiaslivis

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Block chain technology will make communication more convenient. Your payment, your travel, your education, your way of wealth. It's going to get rid of a lot of bondage.

Nellayar

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Roobet supporter and player!

Quote from: nvedia on January 01, 2018, 07:49:45 PM

Why everybody is doing blochain?

I feel the world is already doing good.
Our internet speeds are good, hospitals are doing good, insurance is working and so are the schools, flights and education

Why there is so much hype about blockchain and decentralization all of a sudden?

If insurance industry or banks are storing the transaction information in a central database/system and its been working fine so far and there is no double spending problem
, how would making it decentralized help so much?
Atleast from end user/customer it really doesnt matter as long as the information stored is accurate and transactions are going fine (which is already happening)

Agree that in the past, lot of hacking attempts happened (the big retail store credit card, credtit rating hacked etc) but these problems would still exist even if we do blockchain

May be I did not understood the concept of blockchain. Does anything changes drastically for me, the end user?
I would be still going to website to book my flight tickets or go to centers to write exams or get my insurance claims or be dependant on the banks for withdrawing my money etc
Please provide any links or articles to read which explains it in layman terms on what is really changing and what the sudden splurge of devs/companies are really doing

Think of it. What is the definition of blockchain and how it contributes to bitcoin and altcoins. The existence of blockchain helps individual to view a transaction, to have proof of payment and to prevent scams. Everything always change and we must be thankful because it was invented during our time. Everything has purpose and we must go to the flow, for us not to become ignorant at same time arrogant.

mutrang23

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Activity: 484

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Quote from: nvedia on January 01, 2018, 07:49:45 PM

Why everybody is doing blochain?

I feel the world is already doing good.
Our internet speeds are good, hospitals are doing good, insurance is working and so are the schools, flights and education

Why there is so much hype about blockchain and decentralization all of a sudden?

If insurance industry or banks are storing the transaction information in a central database/system and its been working fine so far and there is no double spending problem
, how would making it decentralized help so much?
Atleast from end user/customer it really doesnt matter as long as the information stored is accurate and transactions are going fine (which is already happening)

Agree that in the past, lot of hacking attempts happened (the big retail store credit card, credtit rating hacked etc) but these problems would still exist even if we do blockchain

May be I did not understood the concept of blockchain. Does anything changes drastically for me, the end user?
I would be still going to website to book my flight tickets or go to centers to write exams or get my insurance claims or be dependant on the banks for withdrawing my money etc
Please provide any links or articles to read which explains it in layman terms on what is really changing and what the sudden splurge of devs/companies are really doing

Because blockchain is a new technology because this is the age of digital technology. Just as the profit of crypto gives the investor a great deal. A number that makes a lot of people interested and wants to participate in it.

alisa20172020

member

Activity: 149

Merit: 10

If governments and banks can control your wealth, usually let your wealth depreciate every year, do you still think that block chain technology is useless? The block chain can make most industries as central as possible, which is very important for the future, which may be an opportunity for the whole society to advance.

player514

legendary

Activity: 1414

Merit: 1039

Quote from: nvedia on January 01, 2018, 07:49:45 PM

Why everybody is doing blochain?

I feel the world is already doing good.
Our internet speeds are good, hospitals are doing good, insurance is working and so are the schools, flights and education

Why there is so much hype about blockchain and decentralization all of a sudden?

If insurance industry or banks are storing the transaction information in a central database/system and its been working fine so far and there is no double spending problem
, how would making it decentralized help so much?
Atleast from end user/customer it really doesnt matter as long as the information stored is accurate and transactions are going fine (which is already happening)

Agree that in the past, lot of hacking attempts happened (the big retail store credit card, credtit rating hacked etc) but these problems would still exist even if we do blockchain

May be I did not understood the concept of blockchain. Does anything changes drastically for me, the end user?
I would be still going to website to book my flight tickets or go to centers to write exams or get my insurance claims or be dependant on the banks for withdrawing my money etc
Please provide any links or articles to read which explains it in layman terms on what is really changing and what the sudden splurge of devs/companies are really doing

Think of it this way. What you said isn't true, but imagine it was. Imagine that hospitals, schools, institutions, etc. are all good. Blockchain technology offers ways to make those good things even better. Using the ledger system, you can make things faster, use up less space, and in general optimize some solutions that have been implemented already. In other words, blockchain goes beyond just a form of making new things, but it also is a transformation for the older technologies we've been using. There is no change for you as the user, but you get to indulge in the benefits of optimization.

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