Topic: Would blockchain technologies continue Its development without cryptocurrency? - page 6. (Read 1050 times)
June 15, 2018, 09:16:07 AM
Smart contracts are a good example. Issuance of tokens is not obligatory for that. Basically it can include any function which is to be implemented when some event happens or some requirements are met. And the main advantage of it is that it can't be changed as soon as it's activated.
June 15, 2018, 08:22:32 AM
publicly audited chains are called blockchains
privately audited chains are called distributed ledger technology (DLT)
the data these 'blocks'/ledgers hold do not have to be financial. they can be identity, location, product ID, batch numbers, vhicle information, biomedical information.
basically any data that needs to be stored in more than one place for a 'place' to utilise the data efficiently will benefit from blockchain/dlt as it ensures the copies are valid and equal. it can help to ensure remote locations have data but dont have control of editing the data without certain permission/audits done automatically via the protocol
privately audited chains are called distributed ledger technology (DLT)
the data these 'blocks'/ledgers hold do not have to be financial. they can be identity, location, product ID, batch numbers, vhicle information, biomedical information.
basically any data that needs to be stored in more than one place for a 'place' to utilise the data efficiently will benefit from blockchain/dlt as it ensures the copies are valid and equal. it can help to ensure remote locations have data but dont have control of editing the data without certain permission/audits done automatically via the protocol
June 15, 2018, 08:15:34 AM
I think the blockchain system will continue to grow even in the absence of cryptocurrency, many systems have been built from Blockchain. I myself have imagined in the future, all the technology will use the blockchain system.
June 15, 2018, 07:54:28 AM
A lot of projects use cryptocurrency just because it's profitable and the blockchain technologies were already in use but had a different name, don't think that brings something new into the world
June 15, 2018, 07:39:26 AM
Blockchain is a powerful technology that doesn't need cryptocurrency to operate. We just need to find another way to encourage users to participate. For example, fiat money, additional rights and bonus features in the system depending on the project. The advantages of the blockchain itself (reliability, stability, etc.) after all. "Miners" and "forgers" will keep their benefits in a different form.
But this cannot be told about entrepreneurs. I think this won't be profitable for them. ICO is often an easy way to raise money quickly (not to say about all those scammers), so that many companies introduce technology of blockchain for the sake of ICO and cryptocurrency themselves. So, they won't cancel the fund-raising process.
By the way, does somebody know such projects (blockchain without crypto) which already exist at the moment?
But this cannot be told about entrepreneurs. I think this won't be profitable for them. ICO is often an easy way to raise money quickly (not to say about all those scammers), so that many companies introduce technology of blockchain for the sake of ICO and cryptocurrency themselves. So, they won't cancel the fund-raising process.
By the way, does somebody know such projects (blockchain without crypto) which already exist at the moment?
June 15, 2018, 06:09:53 AM
I thin people have wrong understanding that blockchain is the heart of cryptocurrencies, kinda like engine is the heart of automobile, and that you can use the same blockchain in other applications. In reality, cryptocurrency protocols consist of many vital parts like network of nodes, consensus algorithm (PoW/PoS, etc.), nodes that create new blocks via mining or staking, scripting. Blockchain is just a type of database that has some optimizations for working in decentralized environment, but it's not the source of decentralization, resilience and other properties, PoW and user nodes are. So, when companies tell us that they will use blockchain technology to make themselves more decentralized, they often mean that they will just use blockchain database, while putting very little effort on other parts like nodes and consensus, so in the end they might just waste effort without any progress. Many experts have already noticed that there are very few successful blockchain applications, most of them exist only in theory or in very early stages, despite the fact that this blockchain hype lasted for years.
June 15, 2018, 05:57:37 AM
Blockchain applications are not limited to digital currencies but extend to many uses such as documentation of documents, business processes, applications in shipping and export to the electoral systems.
Bitcoin/cryptocurrency "Blockchain protocol" is one of the most famous applications of Blockchain, a significant contributor to the knowledge of people with this technology, but this does not mean that the rest of the applications will end with the end of Blockchain.
Bitcoin/cryptocurrency "Blockchain protocol" is one of the most famous applications of Blockchain, a significant contributor to the knowledge of people with this technology, but this does not mean that the rest of the applications will end with the end of Blockchain.
June 15, 2018, 02:36:50 AM
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That can happen, because today many companies are using the blockchain system in managing their company, and that is without having to get involved with cryptocurrency.
June 12, 2018, 07:33:31 AM
Definitely. Blockchain came about because of Bitcoin. Today we can see that the technology can be applied in several other aspects of business. Blockchain may be used independently of crypto but I don't believe it will stop the growth of Bitcoin and altcoins
June 12, 2018, 07:17:54 AM
It is not Chain Block technology, it is Blockchain technologies. 
Also, Crypto currency technologies are all built around some Blockchain type development and the two is very closely linked to the original project.
The terminology is explained in the Bitcoin Whitepaper : https://bitcoin.org/bitcoin.pdf by Satoshi Nakamoto
We cannot go around and make up our own definitions and terminology as we want to, because we need to speak the same language, when it comes to Crypto currencies.
Also, Crypto currency technologies are all built around some Blockchain type development and the two is very closely linked to the original project. The terminology is explained in the Bitcoin Whitepaper : https://bitcoin.org/bitcoin.pdf by Satoshi Nakamoto
We cannot go around and make up our own definitions and terminology as we want to, because we need to speak the same language, when it comes to Crypto currencies.
June 12, 2018, 05:05:59 AM
Blockchain usage can be applied in many other institution as well as platform other than cryptocurrency. For this reason, its usage will continued to be adopted by new industries. Cryptocurrency will also tag along in terms of growth as time goes on. But will blockchain development be dependent on crypto usage? The answer to this is a big no.
June 12, 2018, 04:56:40 AM
I agree also that the technology will still exist. Cryptocurrency is just one the uses of blockchain. Blockchain can be used in many cases. I believe Web 3.0 is the best usage for it. Information is money today
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.
Just like China, they only develop blockchain technology, but they deny the entire market.
June 12, 2018, 04:13:56 AM
blockchain tech adopt to many many sector 
June 12, 2018, 04:12:07 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?
Is this possible happen in the future? If so, how?
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.
Not in the future, but a lot of governments are now trying to effectively use blockchain technology in some of their record maintenance systems. India is known for its hostile mentality towards bitcoin, but even they are researching blockchain technology to make it useful for energy and fintech sectors. So, crypto currency is just a practical use case for blockchain and nothing else. The reach of blockchain is much more than we can imagine at this point of time.
June 12, 2018, 04:09:51 AM
Yes for sure, it's already happening for some time. Many publicly traded companies worldwide are developing, researching or participating in blockchain projects. The use case of blockchain is high on their agenda's, i think for some secor/branches this technology would be a massive step forward to make their
bussiness processes much more efficient. As example think about crossborder logistic companies, like bulkcarriers, clearing at the customs with all the paperwork takes a lot of time, clearing paperwork through speeds up and its safe.
With regards
bussiness processes much more efficient. As example think about crossborder logistic companies, like bulkcarriers, clearing at the customs with all the paperwork takes a lot of time, clearing paperwork through speeds up and its safe.
With regards
June 12, 2018, 03:58:15 AM
Blockchain can continue its development without cryptocurrency but it will be used to reimagine a business' industry particularly in the finance sector(banking and money remittance). Nevertheless, crypto will also develop side by side with blockchain technologies to improve decentralized payment system(since it's foundation will improve) in order to be used in peer to peer transactions more efficiently.
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?
Is this possible happen in the future? If so, how?
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