Bitcoin Forum

Industrial and Commercial Bank of China (ICBC), one of the Big Four banks of China, is registering a patent for a blockchain system in financial asset trading.

We also know China is very tight in the economy and especially in the crypto market. This is a good news for everyone who loves blockchain.

Blockchain is changing the whole world now, its influence is too hard and this system is our future, I suppose, because is has more pluses and advantages than cash and money at all.

Current technology will be usefull for all of us, I think everybody here will support me. Blockchain is 'the key to the bright future' and I can not to argue with it.

I personally think that blockchain technology is the future. From the development of blockchain to the present, blockchain technology has been continuously developed and constantly improved. Blockchain technology will be more and more applied to people's work and life. All aspects will change the way people live and work in the future, and this change will also bring lucrative benefits to investors in cryptocurrencies.

Yes, I agree blockchain technology is the future but still the system we have is great. But I think the current system and blockchain technology will mesh very well in the society if the community will start accepting and adapting to it soon

I heard this many time from long time ago. And yes, I think most of us who into cryptos some how have the belief in the blockchain technology.
I think that in order to be widely adapted, blockchain must solve its problem like: speed of transaction, speed of confirmation in the network....those are obstacles to over come before the revolution...

I feel that the longer the blockchain technology is indeed getting the best show. Even more people admire her. And now several countries also began to apply this technology in some aspects.

of course this is good news but for now this news is still unable to pump bitcoin higher, we wait until the SEC's decision on bitcoin comes out later, maybe that will make the price of bitcoin soar as late as last year

Blockchain is the technology revolution of 21 century but the Chinese government still against it, yesterday they shut down all crypto related accounts on Wechat.

Right. Blockchain technology will change the world, just as the internet. Many countries and large organizations were interested; applied them to life. this is an inevitable trend for the future

nice info. hope this issue making fresh for cryptocurrency market since we know to many negative issue about the regulary.

If the governments of countries (first of all, of course, civilized ones) begin to gradually transfer the whole system of government to a blockchain, then if everything is done as it should, no concrete person will be able to influence political decisions and accordingly there will be no corruption, pushing the profitable ones by one and unprofitable to all other bills, etc.
This is of course an ideal option and if it is, it will probably not be very soon and not everywhere. But theoretically, blockchain can play a very large role in the development of society.

Yes, this is a very good news for everyone who likes the blockchain. Blockchain technology is changing the world, more and more people are joining cryptocurrencies, and more and more countries are using Blockchain technology, this is a very good start,

Blockchain technology is still the best development technology, but it still takes a long time to get more use. My friends are involved in the development of blockchain technology, and its future is promising.

Blockhain will continue to survive for the next few years, although there will be new competitors, but it doesn't make blockchain reputation reduced. Slowly blockhain will enter a world that is more powerful and not even caught up in the middle and will enjoy this technology someday

Blockchain technology will be useful to us all. It optimizes a lot of processes and saves us money. I think that this technology is the future.

a good news. especially now the market does need news like this. plus this bank comes from China, the biggest economic power at the moment. I hope that more banks will integrate their systems with blockchain technology.

Yes Blockchain technology is definitely the future and as time passes more and more people would start to realize how useful it can be to them especially those int he financial sector. With blockchain there is safer, faster and more efficient transfers and once they integrate it into their systems then they would be operating at top notch.

yes. this is good news for us as people who like blockchain. Hopefully this will be a good start to get excited about activities in Crypto and hope this is not a rumor that is just soothing.

You are right! Everyone in the industry knows and believes that blockchain is the future! Blockchain is a great technology for the advancement the cryptosphere and community can ever get our hands on!

Yes, it's right, many countries and financial organizations are trying to build their private blockchains for themselves to meet the life's requirement in the future . The blockchain technology is very useful for all different fields in our life.

I understand the basic of Blockchain Tech but how in the world is it filtered from bad data?
Information goes in and is passed around but what happen when bad data is entered and moves to the next step?   

i think China will be the first who makes a break through in the crypto world, i am sure they will come up with a great idea of using the crypto

the blockchain has a great future, these are only the first ICO projects, then I think gradually all financial structures will move to the blockchain, only it can make the Internet safe.

The future still doesn't belong to blockchain because new innovations can still be realized in the future because everything can happen and it's too early to talk about it where some state authorities have not adopted it thoroughly, so we just wait for its development, the future of opportunities is still wide open, current developments is the starting point for advancing along with cryptocurrency.

This technology has a great future. More and more IT and banking companies are turning their attention to it. This is a huge space for use.

this your post about this event or would i say happening occurred since july but uptill now i wondered how it has helped the crypto market to recover from the bearish movement since then.  :'(

When more countries follow the leaders such as the United States, Japan, UAE, Sweden, Denmark, i.e. the countries with high living and economic standards, blockchain technology will spread even faster. I think it's the future that is being created now.

The block chain does not just represent crypto currencies. the block chain deserves to be the technology of the future with the facilities it provides in many different ways.

Well i think it work out as you said it will really help blockchain technology and people will put 100 percent trust in crypto

There are many countries that accepted blockchain technology by today such as Sweden, United States, Japan, UAE. They are world's financial leaders and know a thing or two about investing in future.

The main western countries are finding it harder to accept the blockchain technology because of the challenge it poses but those countries outside these borders are very much reacting the opposite and they should because it will benefit them.

Blockchain technology is a novel technology preferring solutions to man's problems and because of it's genuineness with relevance it has directly on man it's going to be expanding, more people and corporate world will be embracing it just like ICBC. indeed it's a big plus,  we should be expecting more of it from many other financial institutions and governments

Blockchain is definitely the future as it is applicable on almost any area that society wishes to develop, the thing is that it's centralization is in conflict with a lot of governments currently and I think that would remain an obstacle for a lot of time.

in any case, what was discussed at the last G20 summit on the crypto currency, speaks of a positive trend in the development of the crypto-currency business. I think that the world is on the right track with the introduction of crypto currency into everyday life.

Blockchains have the power to change the way our society functions if we can figure out the scaling and ease of use part. The decentralize ledger can change not only commerce, but logistics and democratic processes. We really are at the beginning of this thing. For those that are saying quantum computing will make blockchains useless... we aren't even close to figuring out how to do that. Not saying that we can't figure it out, but if we can control quantum mechanics, then our species enters a whole new realm of technical possibilities that are beyond even the blockchain.

thanks for sharing. I defend the same thoughts. blockchain will be a technology that can not be abandoned in the future.

Yes, it should be that all parties now begin to accept blockchain technology, we should not reject the progress of the times,
and never think that the progress of the times will only make us miserable.

There is a lot of this sentiment about how blockchain is the biggest thing to happen to business finance since credit cards.  This is nice to say and people have been saying it years.  As soon as people paid for pizza with digital money we entered the future and the future can only develop further.  Every day there are new firsts for crypto currency.  First ATM, first ATM in some country, first ATM in some city, first game bought with crypto, first book bought...  This isn't just a "future" technology, Satoshi Nakamoto constructed a new frontier and we are all pioneers.

The irony of it is that countries like China banned ICOs and other cryptocurrencies but they are in the forefront of developing the blockchain technology

Yes different people have different views about blockchain. I think that it is too good for the crypto currencies, I think that in future blcockain technology will become more advance because of the increasing interest of the people.

The technology of blockchain is really capable of changing our world for the better, and making the world more transparent!

It's a good news. Blockchain technology has massive adoptions in multi industries.  This boost the development of blockchain and cryptocurrency. We cannot negate the application of blockchain technology.

It’s great how a majority of industries are now embracing blockchain technology. I think it’s only natural for society to accept change, when they know it can improve and enhance our systems, structures and of course, our lives. I think with the growing popularity of blockchain, maybe this will help people embrace cryptocurrencies as well. What do you think?

Indeed, one invention was very good and was able to make a lot of progress. This can be proven by the many investors who succeeded in crypto, then released by opening up real work opportunities. Many projects have been successful.

Absolutely, this is because of the constraints, ineffectiveness and rigorous challenges accompanied with the traditional financial transaction that gave birth to the blockchain technology in 2009, although with the arrival of this technology by satoshi Nakamoto; it has affected all facets of human involvement ranging from health, Education, Finance, security etc.

Therefore, Block chain is now the leading technology that will soon take over the future.

The move o. Blockchain technology in China is not only peculiar to China. All around the world, blockchain technology is receiving a great reception and very soon, blacknet blockchain technology might be replacing some inefficient, expensive system!

Blockchain technology is making big changes in the way many businesses think about their IT solutions relating to databases. The distributed storage of information and time stamped data that cannot be altered give new levels of accuracy to inventory tracking. Real world usage of blockchain may be the final piece needed to switch crypto over to mass adoption.

I agree with this statement. because according to me, this blockchain is a very simple technology, and will be applied in various aspects. So, of course it will be a lot of people also use this technology.

It's a good news but not only China, many countries even companies are now adopting and soon major companies and government institutions are going to adopt it, it's the best technology that came out after the internet so in the next ten years we will see so much of it.

Blockchain is definitely the future as it is applicable on almost any area that society wishes to develop, the thing is that it's centralization is in conflict with a lot of governments currently and I think that would remain an obstacle for a lot of time.

Yes I agree with that, Blockchain is the future, That's why SciDex is the only ICO I follow  Actually according to the article SciDex is creating a new contract that will be readable by human and machine, will be on the blockchain and can be used by normal businesses. And they are doing an ICO soon.

Blockchain technology has made revolutionary changes on e-Commerce marketplace - simplified payment system, reduced cost of transactions and increased speed transfer of material assets. I think in near future we will see massive use of blockchain in other sectors of  economy.

It's true, the fact is that Blockchain technology will be used as mainstream technology for all of us in the future, not Bitcoin or Ethereum.

Blockchain is the future of banking, there are a lot of uses of Blockchain the can change the world, it can be use in insurance company, also there is no need to use banks when pepope can send money to each other directly, Blockchain is something that we can call it revelotionary invention, the world is tired of middlemen and extra money for authentication!

More and more new technologies appear, the more blockchain. As they say, before and did not think that even the child will have a smartphone. Just think it will be with the blockchain.

A Blockhain will not be lost and it will continue to survive for the next few years, although new opponents have a chance at a blockchain but no less than the blockchain's reputation. very poorly entering a blockhain and reducing it strongly into the world and no one is coming to the middle and still happy with this technology until any of the days.

Yes ,we crypto traders believe that Blockchain technology is the future.Since some countries still against it ,lots of countries accept it as well.That will be real good news when whole world will accept it.

Aside using block chain technology for crypto, I believe this technology is the future cos many industries will key into it. And its gonna change life for better

Blockchain technology is the future !!! It's already real, see what happens to the world! It's already completely digital !!! Money will also become digital! ::) ::) ::)
I think many will agree that the technology is genius! The task of people is to use it correctly, and it's always possible to spoil everything !!!Banks, trucking, the game industry will pass to this technology!We will see a whole new world!!!

The Blockchain is already present.It is already used in many areas-be it the banking sector or medicine, and so on. And the further-the wider will be its coverage.The future has already come today!

blockchain for banking is very good and revolutionary because this technology can save time for operational costs. blockchain will make lenders, loan recipients and money storage simpler, transparent and efficient

Blockchain will definitely be a big part of the future, we just have to hope that cryptocurrencies are also a part of it.

Blockchain is to change the traditional economic system and it can be used to provide the system will cost less on the transaction, maintenance and adding more transparency. It's simple but has a lot of advantages.
Basically blockchain is focused to change the traditional system.

blockchain system has been designed to use nodes agreement to order transactions and prevent the fraud described above.
its not that just actually a win for our community.
but also its a new way for more secured transaction. and a good thing for the banks in china.
its a win win situation for them and the community around china

Yes it is right , I personally believe that blockchain technology is the future and most of people should agree with me. Coming time is of technology and digital currency will surely replace paper currency, because it save your time as well as operational cost and very easy to accept.mainly in industries this blockchain technology  become a revolutionary step and industries get more benefits of this in coming years.

Blockchain is our future.Currently, everything is in its infancy and under development.

Blockchain is something we can call an amazing discovery, the world is tired of intermediaries and extra money for authentication.
Blockchain is the future of banking, there are many Blockchain uses that can change the world, can be used in insurance companies, also do not need to use banks when pepope can send money to each other directly,

i wouldnt agree with you. blockchain isnt the future for me because i believe the real future will only depend on my own hands . i only hold my future and not by blockchain or bitcoin .


i wouldnt agree with this again .i dont believe that cryptocurrency will replace paper currency even in the future because if that happens many people will suffer especially those who are poor and dont have enough knowledge regarding on technical stuffs .  cryptocurrecny is hard and it is not designed for everyone to use .  thats why i strongly believe that paper money or local currency will still be the king .

blockchain technology is good but it is only beneficial in the online world as it cant work offline .

This is a very good development for block chain technology and it will continue to grow and gain more access and popularity but I do not think it will be the future because there are people who cannot afford or understand the system and they will prefer to use fiat. I believe fiat will remain as it can be easily accessed and understood while blockchain technology will be used by the elites.

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I already wrote that whales invest a lot of money in the development of blockchain and crypto-currencies, it's just not yet time for " to the moon"))

Yeah it's a future, but people nowadays using blockchain is not for payment as it should be.
People use it as a "trading thing" to make short profit.

Many users are referring the existing blockchain technologies as an opportunity to extract more profits but also to introduce a new generation of transactions and trading as well. I personally do say that Blockchain Technology is the real deal in the future.

This is undoubtedly good news for the cryptocurrency market. I think that they should possibly have a positive impact on the entire sphere of cryptocurrencies. I hope soon the price of the cue ball will go up, and this Bank will be followed by other banks.

I don't sure that the future. Some of projects actually have real applications with blockchain. But the most don't have any reasons for that. And today blockchain is hype only. imho

With the 4.0 technology era, we have a lot of technology made for the future. But we have to consider that we can apply that technology to things that work for the world economy and society. Blockchain technology has many applications to life, if you know how, we can develop the world economy.

Most of the world know already what is digital money ,how it works .Blockchain technology is being used already .It will change the present system when it will be accepted by all.

Yes that is a new emerging technology and is now getting more and more advance. I hope that in future blockchain technology will continue to improve and we will see blokchain serving more and more people.

Of course this is good news for crypto users, the crypto world with blockchain is growing and hopefully the crypto market is getting better and better. Blockchain greatly benefits many people in the future.

Blockchain is a new advanced technology - that is the Trust.
Blockchain makes information more transparent, but not everyone wants to be transparent - especially with governments, sometimes they do not want transparency.

I totally agree! Blockchain presents such opportunities that can change the world!

China is very pro with technology, even they support the existence of blockchain, but they prohibit the circulation of cryptocurrency, because we know that now fraudulent developers are hanging around on the internet
we can't be deceived by blockchaih, but we can be deceived with cryptocurrency

China's banking sector may have been trying to use BlockChain technology in the last year, but this is not necessarily a good thing for the encryption industry. The Chinese government is still relatively exclusive of Bitcoin.

See most of the major companies find there is huge technology involvement which will help them to increase their economic growth by using this blockchain technology. Surely with this new technology Blockchain will surely most attractive one to use it in many sectors for transparency.

China is very strict for crypto related activities recently they have sanctioned more restriction to crypto space, but some giant tech are not relenting on finding means to adopt blockchain, and I believe in the future, the Chinese government will be forced to review it's stand on crypto currency

Everyone naturally wants to like China they really appreciate technology. The blockchain is a very modern technology and is able to give new hope to all the people who liked the investment. This technology and I'm sure has a very good future.

Peoplle who investment this technology are sure to have a very good future. But there are people who cannot afford or understand the system and they will prefer to use fiat.

Blockchain technology has many great and advanced features that can help to change our world.
But we may need some time to apply the new technology into our real-life.

Blockchain is really the future of technology, a lot of big company (public and private sector) have been adopting the new technology while some schools have start teaching blockchain technology which is really great.

This technology is just a bomb for the whole world. I have not seen such a technology yet. Whatever this system is not someone who does not obey me, I have not met this yet.

Current technology will be usefull for all of us, I think everybody here will support me. Blockchain is 'the key to the bright future' and I can not to argue with it. But If we talk about ICO Then SciDex is one of the best protocol . The SciDex protocol sets out to unlock smart contracts for businesses. It starts by enabling the translation of written contracts to smart contracts and ascends the complexity chart by adding additional trusted, secured and proven layers.

I think this is good news. Blockchain technology is a breakthrough for a more professional future and also bright ideas. give a big round of applause to ICBC, I hope big banks will also take steps like that. by looking at aspects of the future. thank's.