Would blockchain technologies continue Its development without cryptocurrency? - page 3.

yndye

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Quote from: Vektrum on November 07, 2018, 11:51:25 PM

Cryptocurrency is just one of the products of blockchain technology. There may be many of them. Therefore, the blockchain technology, as a broader concept, may well exist without cryptocurrency.
Blockchain technology can be used wherever large databases need to be stored in open access mode while maintaining a high degree of security. In the Internet system, this opens up unlimited possibilities, since it allows you to cover certain types of activities at once across the globe.

Yes, that's the beauty of this technology because it lets you have limitless possibilities because it can have a wider scope in a trustless system. Unlike in the technology that we have nowadays that is mostly centralized wherein there is a limit as to who can access it and then those who handle the system can freely do to whatever information is there in the system since they are the authority while in blockchain technology, it needs a permit to more than half of all the people who has access to it which makes it next to impossible of being hacked.

As for the usage of blockchain technology without cryptocurrency, yes it is possible because it can exist without the other while cryptocurrency cannot exist without blockchain technology.

Vektrum

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Cryptocurrency is just one of the products of blockchain technology. There may be many of them. Therefore, the blockchain technology, as a broader concept, may well exist without cryptocurrency.
Blockchain technology can be used wherever large databases need to be stored in open access mode while maintaining a high degree of security. In the Internet system, this opens up unlimited possibilities, since it allows you to cover certain types of activities at once across the globe.

bayu7adi

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dont be greedy

Quote from: avikz on June 12, 2018, 04:12:07 AM

Blockchain is the foundation of crypto currency, Crypto currency is not the foundation of blockchain. It is just one use of blockchain's distributed public ledger system. So blockchain can certainly develop without the crypto currency. Especially in any data intensive sectors like land records, insurance records, medical records etc.

100 for you, here the blockchain level is above from cryptocurrency, it's true that people say this that cryptocurrency is only part of the blockchain, so Jack Ma once said that the blockchain would be the technology of the future, and bitcoin would be a bubble.
In the future, blockchain technology will probably be needed without having to use cryptocurrency.

Escf4

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GIGZI - INDEPENDENT WEALTH MANAGEMENT

Blockchain technology can still continue its development without cryptocurrency , because they are of separate kind of technology , blockchsin can be used to other technogy and business , because its functions of gathering datas are suitable to other ,aside from cryptocurrency.

blackhawkeye1912

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Blockchain technology can exist even without bitcoin or cryptocurrencies. However, for us to utilize fully the blockchain technology, these cryptocurrencies work together to make the function of blockchain possible. These coins acts as media to connect blockchain and the users.

yitzjoe

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blockchain core from cryptocurrency but we can implement blockchain in many other fields. like the blockchain in presidential or senatorial elections which allows for more transparency, effectiveness and efficiency. blockchain in the fields of medicine and hospital management focused on patient medical records and more

alex_gr_cc

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Quote from: Mercryptocurrency on June 12, 2018, 03:06:18 AM

As we all know chain block technologies are the foundation of the cryptocurrency and chain block technologies can develop without the cryptocurrency.

Is this possible happen in the future? If so, how?

In general, the blockchain technology can do without cryptocurrency. I know projects in which there are smart contracts in which cryptocurrencies are not used. It all depends on the business model. But, as a rule, the business model of blockchain projects is constructed using cryptocurrency. It is very convenient. Without this, most projects would not be able to monetize their ideas.

andriarto

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Quote from: Bitfling on November 03, 2018, 10:19:31 PM

I do believe blockchain is a technology and every technology always evolve. Blockchain not always related with cryptocurrency because blockchain can used in any bussiness like distribution or even election.

right, but on the contrary, cryptocurrency without blockchain, i don't think it can work. just happens to be between the famous blockchain and cryptocurrency together, so it's not the least analogous about both are same thing

Jaycee99

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Quote from: Mercryptocurrency on June 12, 2018, 03:06:18 AM

As we all know chain block technologies are the foundation of the cryptocurrency and chain block technologies can develop without the cryptocurrency.

Is this possible happen in the future? If so, how?

Here is my point of view on how it will work which to see without bitcoin and any kind of cryptocurrency like altcoin. It is all posible why? it is because of you or rather the person who will get into it and create a better and good blockchain that can be seen its potential.

Still just to enlighten you guys It will be all about the marketing strategy and all about the persons knowledge about Advertising and concepts of the blockchain. of some would say the cryptocurrency is the head of blockchain you are wrong it is the user it self who creates more or out of the original.

wuvdoll

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Quote from: Mercryptocurrency on June 12, 2018, 03:06:18 AM

As we all know chain block technologies are the foundation of the cryptocurrency and chain block technologies can develop without the cryptocurrency.

Is this possible happen in the future? If so, how?

For sure. I know cryptocurrencies may look like needed for the technology to rise but right now there are a lot of companies that make new software and programs and started working with even governments not only other companies. CXC just signed a new contract with blockcert just to keep its certificates and so forth with the blockchain company and they will be offering digitizing of all the documents on their blockchain which will help people reach their documents anywhere they are.

This allows government to just keep them on their computers and even there was some sort of natural disaster all of it will be saved on the chain. Basically these companies are offering amazing promises to companies and governments and that allows them to get bigger and make more money over time and they do not need cryptocurrency.

Bitfling

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I do believe blockchain is a technology and every technology always evolve. Blockchain not always related with cryptocurrency because blockchain can used in any bussiness like distribution or even election.

South Park

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I am terrible at Fantasy Football!!!

Of course the development of the blockchain is going to keep going even if cryptocurrencies failed, in fact banks are very interested in the technology and the same is true for many industries and governments as well, do not forget that what banks hate is that cryptocurrencies are above the blockchain since they understand very well that cryptocurrencies can replace them if the right circumstances appear.

senin

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Quote from: Hopeman1 on June 12, 2018, 04:51:14 AM

Many countries now recognise the value of blockchains, but they do not recognise the cryptocurrency market.
Just like China, they only develop blockchain technology, but they deny the entire market.

Yes, now almost all states highly appreciated the advantages and real possibilities of the blockchain technology. Even those states that do not recognize cryptocurrency have a positive attitude to blockchain technology. This is particularly evident in the example of China, where the largest number of patents are issued for the introduction of this technology.
Of course, cryptocurrency is not even the main use of blockchain technology. Its possibilities for implementation are very huge and diverse.

WiresAreComing

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If one had a closer look on current ICO projects, it's hard not to notice that many of those projects can work without tokens. In some cases they're added just to be in the trend, no wonder we see lots of comments like 'does your project really need its own token?' This point, as well as governments looking into Blockchain solutions for governmental institutions, speaks for the idea that Blockchain will continue to develop even without Cryptocurrency. We can see this implication already, Cryptocurrency is only the most known part of Blockchain, not the whole technology.

nazaididuan1

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Blockchain is a technology, and encrypted digital currency is just a product, an application of blockchain technology.
Blockchain technology is already a hot topic! It will bring new opportunities to the existing traditional industries!

margaret22

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I think the development of this technology would get much slowlier without cryptocurrencies, simply because less people would work on it. But I think it would continue.

hahay

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That is for sure, with the transparent blockchain system there will definitely be many developers from various sectors will develop it without cryptocurrency. So far I see that after bitcoin continues to grow, the digital world is also more developed from various aspects, so of course I'm sure if blockchain technology will be a model for digital developers out there.

sinkfish

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we do understand blockchain can do alot of improvement to current system. everyone is looking even efficient system for themselves, either for lesser worker or even bigger corporation. just that now we still dont know how to use yet.

Indrawan77

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Yes the blockchain could grow without crypto, now blockchain already gain popularity and the usage of blockchain not only rely on crypto but there are so many sectors in real life that ready to implemented blockchain, blockchain could create a transparent transaction that could solve many dispute problem

bitcoincitr

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Recently, cryptocurrency is the main use of blockchain technology. Technology can be applied in some other aspects of business. By time, we will see some branching and specialization on blockchain technology. This is called adaptation. But saying that blockchain technology can continue its development without cryptocurrency is ridiculus.

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