Blockchain technology was originally applied in the banking sector, but in recent years its utility potential has been tried to apply to a number of other industries - and almost all global companies want to take advantage of their use in the retail market.
However, some are still skeptical of the adoption of Blockchain on the retail industry. one of the founders of a company that believes that Blockchain has great potential in creating a network that can share things like financial assets, but thinks it is not suitable for the retail and food industries. He doubts the idea that Blockchain can create transparency in the retail supply chain, especially when recording the true origin of the product, because one can find a way to manipulate what is recorded in the supply chain. According to him, the transparency of the retail and food industries is not a technological issue.
Topic: Why the blockchain technology changes our lives? (Read 384 times)
The blockchain technology is only a proof that the modern technology is really advancing very fast. I salute the people behind these. They have a brilliant mind. Creating a technology that is very jard or almost impossible to hack and can be use everywhere and anytime as long as there is internet. It is really a big help to our lives. Using this technology than FIAT will make our living more comfortable.
It's totally insane that more and more people adopt the use of cryptocurrencies, as a real equivalent value to FIAT, as they were really always looking for a practical real self-creating value to replace physical and scriptural money. It's also totally amazing how the human knowledge, after a few thousands of years from it's born, creates the largest decentralised machanism between individuals and can be running everywhere in the world. In few years, everybody in this planete should own a smartphone or a computer.
It is not just something that can replace the value of physical and scriptural money. Or may be just facing the technology that can tronsform the security industry!?
Please share your opinion about the actual blockchain revolution.
It is not just something that can replace the value of physical and scriptural money. Or may be just facing the technology that can tronsform the security industry!?
Please share your opinion about the actual blockchain revolution.
With the introduction of blockchain to provide various services needed in daily life, everything being put up on the blockchain makes life easier for both the service providers and the buyers. With fiat out of the way, a payment system on the blockchain is always safe, secure and foolproof which makes it that much better than traditional barter system or fiat for goods and services.
Blockchain technology has given the people transparency in the transactions thus making it impossible for some people to just change some information because its public. It is decentralized that's why it is not prone to being hacked cause every one can own a copy of the system thus a hacker cannot just easily hack one and disrupt the system totally.
Nowadays, most of our system are centralized and only some people have access to it that's why some authorities abuse their power to manipulate the system to their advantage. If the system is decentralized and made public, they cannot just easily manipulate the system and cannot just easily change some information since people can see if something has change.
Nowadays, most of our system are centralized and only some people have access to it that's why some authorities abuse their power to manipulate the system to their advantage. If the system is decentralized and made public, they cannot just easily manipulate the system and cannot just easily change some information since people can see if something has change.
Transparency is the keyword for blockchain really. All the transactions are going to be recorded and no one can hide from it. But aside from transparency, anonymity is also there to strike a balance. While all the transactions are recorded, the person behind the transaction is hidden. The person's identity is not open to the public. They will be protected from any schemes of identity theft.
Blockchain technology has given the people transparency in the transactions thus making it impossible for some people to just change some information because its public. It is decentralized that's why it is not prone to being hacked cause every one can own a copy of the system thus a hacker cannot just easily hack one and disrupt the system totally.
Nowadays, most of our system are centralized and only some people have access to it that's why some authorities abuse their power to manipulate the system to their advantage. If the system is decentralized and made public, they cannot just easily manipulate the system and cannot just easily change some information since people can see if something has change.
Nowadays, most of our system are centralized and only some people have access to it that's why some authorities abuse their power to manipulate the system to their advantage. If the system is decentralized and made public, they cannot just easily manipulate the system and cannot just easily change some information since people can see if something has change.
Since its a new technology from other people who doesn't know this, That is the reason why they are curious and because of that they are adopting it. People who are not afraid to try new things in adapting this technology they have the chance to change their lives because as we all know as a Bitcoin user lots of us were given a chance to changes our life especially in financial matters.
The blockchain gives internet users the ability to create value and authenticates digital information. It resulted in new business applications like: smart contracts, sharing economy,crowdfunding, prediction markets, protection of intellectual property like mycelia, AML and KYC practices and stock trading. This is the next huge wave in technology.
The blockchain technology offers its users security with their money rather than the banks, tax free earnings and investment options for those who have little capital. I want to emphasize the last one as it is what I call real revolution, before blockchain you cannot invest a small amount of money because you will gain almost 5% and that is not good if you are using it for daily use. But cryptocurrency like bitcoin offers as much as 100% gain and if you look at that rate its like you have a small business that can sustain daily needs
The blockchain technology changes our lives because it will make the progress of modernization even faster because with the blockchain technology we can easily do transactions and not worry for the time like when it is going to be received because just after a few minutes the money that has been sent will be fully received by the another person and that can change our lives because it will make things faster.
This technology offers opportunity for additional income without the need of being employed like what we are having with our normal job this feature can be use regardless of your status or age even your educational background is not an issue that's the reason why it became popular. And because of it's simplicity more people were able to acquire it and helps them to become financially stable it helps us to change our life and make it more convenient
It's totally insane that more and more people adopt the use of cryptocurrencies, as a real equivalent value to FIAT, as they were really always looking for a practical real self-creating value to replace physical and scriptural money. It's also totally amazing how the human knowledge, after a few thousands of years from it's born, creates the largest decentralised machanism between individuals and can be running everywhere in the world. In few years, everybody in this planete should own a smartphone or a computer.
It is not just something that can replace the value of physical and scriptural money. Or may be just facing the technology that can tronsform the security industry!?
Please share your opinion about the actual blockchain revolution.
It is not just something that can replace the value of physical and scriptural money. Or may be just facing the technology that can tronsform the security industry!?
Please share your opinion about the actual blockchain revolution.
In our daily lives, from the smallest market to the biggest institutions are totally cenralized and they have a big authority behind them. But in blockchain, we don't have central controls, and it's totally decentralized. It's not possible to make corruption. This is why I'm fall in love with blockchain. It's a fair system.
It's totally insane that more and more people adopt the use of cryptocurrencies, as a real equivalent value to FIAT, as they were really always looking for a practical real self-creating value to replace physical and scriptural money. It's also totally amazing how the human knowledge, after a few thousands of years from it's born, creates the largest decentralised machanism between individuals and can be running everywhere in the world. In few years, everybody in this planete should own a smartphone or a computer.
It is not just something that can replace the value of physical and scriptural money. Or may be just facing the technology that can tronsform the security industry!?
Please share your opinion about the actual blockchain revolution.
It is not just something that can replace the value of physical and scriptural money. Or may be just facing the technology that can tronsform the security industry!?
Please share your opinion about the actual blockchain revolution.
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