Bitcoin Forum

Today, blockchain technology is more known as the technology behind virtual currencies such as bitcoin, ethereum, ripple, and so on. However, actually blockchain technology can be widely utilized to advance businesses and companies.

For example, Singapore is utilizing blockchain technology to assist in terms of business activities at the port. This technology can be utilized to shorten the waiting period of the ship or dwell time, also to verify transactions related to export and import.

blockchain technology can also be utilized by the banking industry and financial technology (financial technology / fintech). With this technology, the two financial industries can easily perform verification and payment transactions.

Nevertheless, not many parties who have not been able to ensure blockchain technology is commonly used by the banking industry. However, some of them also believe that the fintech company that uses the technology. Perhaps because this technology is closely related to virtual currency alias cryptocurrency, so many parties are doubtful with blockchain technology.

In addition, blockchain technology is also often questionable validity. In fact, blockchain technology is actually quite valid and secure. Just for information, blockchain technology serves to record transaction data. Transaction records are incorporated in many interconnected and secure blocks.

Blockchain technology is claimed to be potentially and suitable for recording multiple data, not just virtual currency. Business activities, transaction processing, documentation, to voting are assessed to be benefited when utilizing this technology.

Who the fuck told you that bitcoin is a business? Blockchain is a technology, existing today all because of satoshi, the idealogy behind and the way people use blockchain is what makes it better than previously used technology. I wouldn't say that blockchain is a business, but its the backbone for certain businesses and if utilized properly can do wonders. People say quantum technology is better than the blockchain technology, but quantum is still under deep study. There are not many leads but that technology is powerful. Until quantum becomes the new world aspiring technology, blockchain will probably will go big. Blockchain can be used for almost anything, but people are more busy utilizing it for scamming others and not focus on world's economic and overall development.

I think Bitcoin can be used for business, Bitcoin is an online investment business that promises big profits. Bitcoin game is claimed as an online business game that can change a person's life for the better. Even so, All investment businesses are big risks, but also very likely to bring profits. It all depends on who arranges it and plays it.

If you say not only bitcoin but blockchain is also a business but for me, blockchain cannot be business, it is just a technology for the user. For large businesses, blockchain is difficult for them to make a big profit.

I'm not saying that Blockchain is used as a business, but I explained that Blockchain is used as a technology to help with business activities, not Blockchain is for business.

Basically, I think Blockchain can be applied to any kind of industry, but it must be ensured in advance how the capacity of the company itself, whether it really needs. Note also what the implications for the business.

What has quantum to do with blockchain?
Quantum is a changing the way of how computers work from bits to qubits, the blockchain is a database.


For most people here bitcoin is work, bitcointalk is work, airdrops are work.
There are a lot of users who are actually saying they are "doing bitcoin" whatever that means, I just hope it doesn't involve humping.

Anyhow lately this blockchain madness has gone beyond anyone could even dream of.
They are designing projects based on "blockchain" for everything, and I saw some pretty stupid ideas, from pets to vegetables to skin care.

https://i.imgur.com/3IGtrtV.png

As we all know that a blockchain is the technology behind Bitcoin and many other cryptocurrencies and I think can be a part of a business. For instance an eCommerce integrated with blockchain can be a good competitor of online eCommerce website like Shopify, Aliexpress and Ebay. Or it can be a blockchain integrated in the music platform like Spotify.

Obviously that is what the blockchain technology is. What do you think MasterCard recently did? They created another use of it by winning the patent of transacting through blockchain technology. They are now taking this to the real world and thus made another milestone for their own firm. Who knew that they will do it before the bitcoin can even scale up to little more speedy networks.  :P
Blockchain is just a stage and an open source where anyone can make changes, have tricks and tips and make whole knew dimension running over it. So its pretty normal that blockchain can be used anywhere.

Cool budz maybe OP just misinterpreted the meaning of blockchain towards our community

Blockchain is a technology and cant be use as business but the frontline is the currency which specially mentioned to be bitcoin,and talking about the coin is really a business because we are investing and earning here.things that has been manu people becomes richer by this

It looks like there's a race to apply blockchain and the first one to the finishline will get the pot of gold. Everyone knows that it's the most reliable and secure form of transacting online these days, but no one has been able to apply it in the real world--yet.

Wouldn't that just be terribly ironic if MasterCard patents a blockchain technology that makes people adopt it as the main payment system? Using the anti-fiat technology for more fiat payments. We'd better get cracking on that lightening network

Blockchain technology is massive and can be used to solve majority of our real world problems, it's application is not only in Crytocurrency but far exceeds this field, it can be applied to several areas in Engineering, Medicine etc. It can certainly also be termed as a business due to it's ability to be implemented in many areas and disciplines.

Quantum has nothing to do with blockchain, for now yes, but a part of me says a technology is in development to take over blockchain, in relation with quantum, don't know how, so don't ask. I am watching too many movies, so mind me. ;D

Well, we are to blame for that happen. That's what happens when you speculate too much, you start giving it a business type of feeling. Blockchain is giving birth to more scams than it giving birth to legit ideas.
 

Ripple is not blockchain. He is centralized.
Bitcoin at this stage can't be used for business. Do you saw the speed of his transactions? Now Bitcoin is a valuable asset and the engine of the entire industry.

I agree bitcoin still not suitable yet become currency for transaction but that doesn't mean bitcoin can't become business, see even with that speed there are exchanges and sites that accept bitcoin and in the future the speed will be increase when the lightning network has stable

Blockchain can't become a business but it can really help the business process, it can help business transaction from all over the world, and the transparency of the transaction is recorded in the Internet so it really help prevent scamming

I don't think bitcoin can be called as business of some kind! I am sure that we should not be confused with a currency and its utility in the market is not called as business. Blockchain on the other can be a business model but not the business itself. So I believe the terms you guys are picking up here are completely wrong or may be im not getting what discussion is this.  :P
According to me this calls for different model, which can be included in the purpose of different businesses. To make new projects etc.

I think blockchain will be very in demand in the near future.

Look at "blockchain technology", then look at some real cutting edge technology like AI and compare how much working prototypes they've got. You can find tons of videos and news articles about AI, how it is used to recognize faces, automate jobs and bring efficiency, and then look at blockchain which isn't really massively used anywhere, just some big guys like banks and governments are trying to experiment with it, because of the hype around cryptocurrencies. Blockchain is just a database, it has tons of flaws and trade offs, it's not a world-changing technology.

Blockchain is the technology behind and yes it can be utilized in businesses by securing,simplifying things and so much applications. It can improve the business systems and processes and in the future more blockchain expert and developer is needed. This is a new avenue or field which changing lives of many.

Nope! Blockchain is not just a database. A database is stored on a central server meaning it is centralised meanwhile blockchain is distributed on several nodes making it decentralised. There is no one single authority over blockchain which makes it transparent. It is features like being transparent and decentralised that interested businesses should focus on when employing blockchain.

The technology of blocking can also be earned if it is used correctly.

That is the definition of a distributed database (https://en.wikipedia.org/wiki/Distributed_database), which the blockchain is. Just stop it, the blockchain is not something magic that was just invented, it was meant to be exactly a database, a ledger of the transactions.


What has transparency to with ownership?
Is Monero not running on a blokchain? Where is the transparency there?

You are right and I think they are happy with the risks and consider bitcoin as an investment and they dare to face this risk.

Blockchain technology has been used extensively since the introduction of Blockchain. The data transmission does not require an intermediary to confirm the information. The Blockchain system has a lot of independent nodes

Of course, I think that Blockchain is more important than Bitcoin because everything in the crytocurrency community goes inside blockchain. And we can not transact anything without it.

Blockchain is the technology of the future.In the coming years, this technology will be used by many companies and States.Many have already evaluated the prospects of implementing this technology in their industries.While there is a period of formation.

I think block chain is not completely a business indeed it is part of a business because it is a digital ledger which can be the transaction of bitcoin or any other cryptocurrencies where recorded in a chronologically and publicly.

I do not think that blockchain is business. Blockchain is the basis for building a new generation project. This is a unique progress or a stage in the development of a new business.

The only business I know you can do with Blockchain is mining (I mean you can do on Blockchain actually) and that requires getting your own miner and having a computer to do the job. Apart from that I don’t see any other business you’re doing on it, unless you mean Bitcoin, cause you can use Bitcoin as a payment method for your business, and with the help of the Blockchain merchant you can set up a way to receive payment from your customers. There is nothing else I think you can do.

Blockchain is indeed a very good technology and can be used as a data management business or it can also be used for the business of recording transaction data etc. there are still many blockchgain functions that can be used for business.

Blockchain is a great tech and surely it's a lot more applicable than any specific cryptocurrency, including blockchain. I also remember a lot of cases in which govs were feeling negative about btc due to its decentralization and volatility, but encouraged blockchain adoption and research of its potential. Banking is just the most obvious use case. There is many kinds of data which would be crucial to get changed or hacked, so it could be put into blockchain. Not to mention specific use cases like Internet of things or blockchain forecasting.

I completely agree with you. Blockchein technology can be used and used in many business areas. The technology blockchein can be widely used where it is necessary to openly and safely store large databases. Many ICO projects use this opportunity of blockchein technology and their new tokens connect the new possibilities of this technology with the economic realities of our life. At the same time, the Internet provides an opportunity to cover certain issues in a narrow sphere of human activity on a global scale. Although this sounds pretty pathetic, but it is. Therefore, the activities of ICO as a whole are very useful and their tokens will create comfort for our life. It will be possible to estimate this in 5-10 years, when these projects will work at full power.

Blockchain is still young and developing and it encompasses various diverse areas of development. Anyone would fit anywhere in the crypto ecosystem and so I sode with you. This technology is a whole new business, in fact a whole new world on its own. And the good aspect about it is that it is taking a global perspective and being developed by people from various countries.

Blockchain is a technology and it is only assisting and giving support to crypto currencies which people are using for online businesses. Block chain do not have any direct concern with any kind of business.

You should make a huge distinction between Good and Bad Blockchains, when you make statements like this. The good Blockchains will not be controlled by centralized authorities and it will not be private. A lot of these Blockchains will have their own token and they will not use the Bitcoin token. <So they will obviously not benefit Bitcoin, and will be our direct competition>

The "Blockchain" hype is just another masked attack on the dominance that Bitcoin has in this industry and this concept was hijacked by our competitors.  >:(  <Simply put, they stole the idea and made it their own>

Blockhain is a technology with a good security system, of course this will be good if blockhain technology is used in the banking world. One positive thing is the system that will transparently carry out any transactions so that there are no third parties. In essence, records of transactions that have occurred, are stored by many computers scattered on the network itself. So it will be harder to hack hundreds or thousands of computers, and the chances are small for all the computers to experience interference at the same time.