Bitcoin Forum

Read the full story: https://www.forrestvisions.com/blog/blog-post-blockchain-technology-bottled-up


It is always good news to hear that companies are exploring the possibilities that blockchain technology can bring. Even if they are not using Bitcoin, it is still helping the community. I think some people are oftentimes looking into their own self-interest and thinking about the "profits" which is why Bitcoin is always the front of the conversation. However, some other good things are happening in the cryptocurrency space that doesn't offer an immediate investment. Thoughts?

I see Bitcoin as the leader/face of the cryptocurrency revolution and the new global store-of-value and mainstream currency. Bitcoin is very useful as a method of payment and store of value, but it still lacks smart contracts and sidechains so that companies can make their own private "blockchains" on top of Bitcoin. I do think that all these features are coming and can be successfully integrated on the current infrastructure.

Until then there are other options in the market that are specifically designed for certain industries like the Stratis DLT solutions for enterprises.

If we take out the scammers, thieves and hackers out of the equation, there are still some really good things happening behind the scenes to make finance accessible and more inclusive to people form all backgrounds and financial situations. This can bring a whole new meaning to life for so many people aorund the world and also in a geopolitical framework where we see mass migrations due to economic hardship, we might see this put to an end a smore and mroe people prosper in their own countries due to the changes Bitcoin and the Blockchain technology itself can bring. People don't realise that this is bigger than all of us and our own perosnal dreams. If we all see the significance of this revolution, we will all act a little differently and more sociably responsible too.

If it brings about innovation and other things that will help the spread of bitcoin even further then I’m fine with it, even if it does not directly meddle with bitcoin and/or associated with it in any way. I have learned to accept that everything that sprouts in the cryptocurrency scene is not directly partaking in bitcoin but is somewhat helping it in some way and that’s okay. We have new techs rising, new techniques being used and new practices being developed to aid us that the exclusivity for bitcoin projects that maximalists claim tend to fall out of place in no time.

I have always had this strong feeling that the global adoption of blockchain technology would take place soon whiles its twin partner cryptocurrencies would take quite a long time. It's a great feeling to hear such a big company like Coca Cola stepping up on the front to adopt the blockchain technology. This would serve as a good exposure about the technology to other equally famous industries across the globe.

Blockchain system is a future technology that every company in the future cannot avoid, I am sure in the future every company will use Blokchain technology or they will be left behind, it's all just a matter of time.

Lol, Forrest vision is a company that offers media services, but can't even write a grammatically correct sentence.

"Business Insider broke the top story today suggesting that one of Coca Cola’s bottling partners"

Broke the top story ay?

How are you a writer exactly?

Immediate investment will not be a solution of any business even Bitcoin is also the same option like others.
If you want make blockchain technology empowerment means you need to show reach of cryptos to all the level and security integration should be occured at government institutions and companies. If such things happen we can expect good investment option.

Well the Blockchain isn't just for Bitcoin or cryptocurrencies, it is a publicly distributed ledger. The old way of keeping ledgers is obsolete and it isn't distrubted, public, or transparent. Many companies even to this day still cook their books (ledgers) faking transactions and other data. With the Blockchain all the data is public and transparent. The Blockchain can't be altered like a regular ledger due to cryptography and timestamped transactions on a peer to peer network. Blocks are constantly updated so everyone in the network can have the same copy.

I am not sure it is a good idea to say that blockchain technology will confidently be the technology that dominates all businesses. There are many aspects of a business that blockchain technology is certainly not useful for.

Coca Cola is joining as well.  Okay I'm gonna drink to that.

Looks like I can already see the future of it all when the popular companies starting to join into the wagon. Though this may only involve blockchain, I still see it an acknowledgement to the use of BTC.


Blockchain is nothing but the best to make immutable records, accounting and storing data whichj is most likely businesses needs. What aspects?

The article compared to the title is a bit weird. I wouldn't describe blockchain technology being bottled up, in the last weeks it's become pretty obvious a lot of companies and government appreciate the technology and do think it'll lead to something. It's more so bitcoin that's been bottled up (mostly due to the decentralized factors which has lead to lackluster adoption).

A lot of companies in 2020 are going to dip their toes in blockchain technology, I'm ready for a blockchain revolution!

In every revolution or endeavor, there is the need for a leader to spearhead the frontline. I guess the same principle is applied with cryptocurrencies. This is just the beginning of blockchain technology as a new revolution to change the world for the better. No matter how new innovations would penetrate, bitcoin would always be the leader of all cryptocurrencies.

This is a great revolution for the blockchain tech, but the problem is that Bitcoin doesn't have smart contracts that companies can use as a payment processor. It's a great thing to see a football club accept Bitcoin and also include the logo on their jersey.
If more aviation or sport industry can look into blockchain tech, I think there will be more adoption.

Didn't read the article but if I may just chime here. Blockchain technology is truly revolutionary that's why many are taking advantage of it whether private or public sector or even countries like China and US are in the forefront of filing patents after patents because they know that this is the future.

Yes there are a lot of things going behind that wouldn't "affect" the price, however, majority is here to make money and you can't really blame them as bitcoin becomes one of the best speculative asset in the last 10 years.

If we are talking about companies using and implementing blockchain technology in their company we are talking about their own versions of "blockchain technology" some of it are even patented so that others won't copy. So the growth you are expecting that the industry will have because they are exploiting blockchain technology in their company then think again. This will have no effect in the industry at all since it doesn't give any kind of benefit whatsoever on our side, it doesn't even promote the use of Bitcoin because of it. The technology of blockchain is really just a separate entity as well as Bitcoin. The crypto industry and their own blockchain is really alone without the government's support as well as companies directly taking advantage of it without them then mass adoption won't really happen. 

the thing that's useful for developing positive influence is quality, and this will silence many seasonal investors to think about sustainable things in reverse.
outline focuses on the revolution of the logistics system and some things related to data, other companies also definitely want an alternative step using the same thing from the blockchain, I see here various altcoin data-based projects can be invited to work together to perfect the system, so they don't see from business calculations first.

Good for Coca Cola. It doesn't really help BTC or cryptocurrency but somehow it can add to the list of big companies starting to use blockchain. Its probably for the inventory of the bottles. If one day they allow us to buy coke with BTC, its gonna be great for adoption still and not like just using the blockchain like banks will. If they create their own coin, I think its also a better one than just adopting BTC.

"bottled" up is wordplay. The company behind this is used in the bottling process of Coca Cola.

Indeed, it has nothing to do with bitcoin development or adoption, blockchain adoption by a company isn't a piece of good news for bitcoin.
Even a country like China will implement bitcoin technology in various sector to boost economics, finance, education, employment, health care, infrastructure management, and public services, doesn't mean it's related to bitcoin and will make it prominent to the layman and brings more adopters to the community.

Im not sure of that. Bitcoin is only true application of blockchain technology.
There are theories about voting system for countries, that can't be manipulated but its a far future.
Im afraid blockchain will be misused as buzzword like "cloud"

the article mentioned about the business logistics part. blockchain technology would really be of use in this area
there are numerous projects that wanted to solve the long running problem in shipping and logistics but dont know where they are now.
so if a giant company sees the potential of blockchain tech to solve their own logistics problem, then if they are successful in the implementation part, their story would be a good example of blockchain tech resolving a long running prob. though they are not directly mentioning the BTC here, but it is a good move in crypto in general

i don't think so because majority of what we see (like 90% of cases) are either not a company and don't have any product. like the kids in their parent's house running a fund raising to make many and calling that a "company". or they don't even have to use the blockchain technology as it has no usage for their business!

bitcoin is in "front" of everything because it is the only cryptocurrency that is worthy of the name crypto-currency! others don't do anything, are poor copies of bitcoin or aren't currencies at all.

These news aren't bringing enough recognition to Bitcoin, but rather the technology behind it. Which is somehow good if the public would eventually research deeper into what blockchain is used for and hopefully discover about Bitcoin. Blockchain now is related to cryptocurrency and while they discover these currencies, the first and foremost that they would recognize is bitcoin. Blockchain does become more relevant which could increase market demand but it would take time.

It has always been a good decision to adopt, use and make some partnership with blockchain technology. However, the good things that we could pull out with blockchain, from the transparency itself that offers honesty with every users became disregarded because of unlawful acts such as frauds, thieves and other crimes that made its appearance seemed not useful. It is always been a good news to read about big companies or even the small ones start to adopt blockchain even though they knew that there's a bad side of it.

Exactly, we need more educational content around blockchain technology so people will actually see its potential. A lot of the spot light is around Bitcoin and finacial gains from the trading ascpects of cryptocurrency.

It is not enough that we have the entire internet to back us up with the knowledge concerning cryptocurrency. We need the mass media to tell the whole world about bitcoin and its functionalities. I've noticed that the impact of television shows is quite more believable compared to articles written by many people. Meaning to say that if we will be trusted by the mass media, our influence will be more effective to teach people and help them understand cryptocurrency way better.

Well obviously the blockchain and the cryptocurrencies are two separate things and shouldn't be mixed up.
While they are related to each other it's absolutely not necessary for a company to use cryptocurrencies if they are using the blockchain technology.
"Things that don't require immediate investment" is already happening since a long time since blockchain is being used by many companies these days.
There are literally hundreds of use cases of blockchain and many of them don't require cryptocurrencies to be used or an immediate investment.

Blockchain technology is flexible and can be adopted in a variety of industries. Although the adoption has nothing to do with bitcoin and cryptocurrency this proves that blockchain technology and cryptocurrencies not joking. And although many interested in blockchain systems are fairly reliable, but the implementation of blockchain systems in the industry will not be instantaneous, because building a blockchain system in the industry requires considerable time and money.

Putting bitcoin and profits out of the picture, blockchain could still pave its way to the mainstream because of it's usability and its technology. China's president Xi JinPing's announcement of  urging banks about upgrading their application using blockchain technology and supporting the idea of using blockchain related transactions and business. Blockchain's ability a digital ledger and its ability to keep record across many computers, the records cannot be retroactively altered without manipulation within the blocks is really what a bank and a financing industry needs.

The word blockchain is already inclined with bitcoin and vice versa but that doesn't mean they are the same and such. Although bitcoin is still not fully accepted by most countries, it is already an achievement that they are now starting to appreciate blockchain technology. I think the next movement after most countries have recognized blockchain, is the adoption of bitcoin and crypto. I'm still optimistic about that one day, they'll accept it.

The technology behind Bitcoin is really great which is why large companies cannot ignore its existence though it does not guarantee the mass adoption for Bitcoin. The good thing is that people are getting more aware about blockchain technology and of course the cryptocurrency itself since this is where all started for blockchain to become so useful. For me, seeing positive news regarding blockchain will surely make a big impact in crypto-space just like what Xi Jinping did on his recent comment about blockchain ;)

Yeah it is true. Some people when it comes to blockchain, all they think about is the "profit". They don't even know what blockchain is and how it is related to crypto currencies. There are even people out there that thinks blockchain and bitcoin are the same thing. Little do they know that bitcoin is a currency that uses the new blockchain technology.
What good thinks are you talking about? (can't access the link. Page won't load.)

You are kinda right OP.
When the issue of Blockchain technology is been discussed, many people channel that discussion towards Bitcoin forgetting that they are two different thing.
Another vivid truth is that, many are not ready to try out new things with the blockchain technology but only ready to make us of the product or technology out of it, a good example is Bitcoin.

I consider that the use of blockchain technology is ideal in large companies with economies of scale such as bottlers that handle very strong and sensitive processes.

now it is not surprising that we see many companies who want to partner with blockchain technology because so far some projects that use their blockchain system have always been successful and provide good benefits for their companies and many governments have developed blockchain technology in their countries because they are interesting with technologies like this can make all transactions transparent and can store data from all transaction history so that it cannot be manipulated.

I believe China's involvement in utilizing blockchain technology is growing very fast over time. One thing that I could admire when they use the blockchain technology is their combination of blockchain and information services systems. here (https://www.loc.gov/law/foreign-news/article/china-rules-on-blockchain-based-information-services-issued-requiring-authentication-of-users-real-identities/)

Through this, we can conclude that blockchain is not only suitable for cryptocurrency applications but also to secure the information in growing systems.

Some are not aware that blockchain can be used without cryptocurrencies, it will act as a technology that many can use in cases which it can help achieve better efficiency and transparency in their works like coca cola did or even in governments can do, which do not have anything to do with cryptocurrencies just only for simplifying their work. Having cryptocurrencies however can be add in terms if they want to tokenized that certain move they wanted to use as payment.

That’s interesting in a sense that it breaks the idea of thinking that blockchain always talks about cryptocurrencies but the reality is that the blockchain technology is a massive ledger of the transactions made hence we can apply this principle outside of cryptocurrency. On top of that, you can modify it to suit the goals and objectives that the company has.

It is not only companies that will run blockchain technology, even the government will also run blockchian technology directly too because they are beginning to also see the benefit of in it. Although they never had issue with blockchain technology, the issue that they are having is with cryptocurrency which unfortunately too, they can’t do without and that is the reason we may see that companies and government are all working on having their on cryptocurrency which signifies that they are all embracing blockchain technology.

This is why it is important that we stay by the project that we have committed our money on for investment because when this blockchain era starts, that is when we will really get the benefit of all our investment in these projects.

Blockchain technology itself may not be directly related to cryptocurrencies.Absolutely everyone is talking about this technology.With its help, you can really solve a lot of problems that have accumulated.In this context,, benefit,, is secondary.

What it gives interest to the people is to see this technology more helpful and it helps individuals productivity.
Blockchain technology serves a big role in the current generation. This has already existed before but Bitcoin brings this technology into its popularity where we are able to use this nowadays. What makes this thing great is that we are able to move or funds easily without the needs of banks and even save more time and fees.

We are in a fast-changing world and technology as well. Blockchain technology really making known in the financial industries now. To respond to every client's needs every industry needs a fast-paced technology. It always evolve everyday and this should be accepted to improve there processes, cost-saving, timely delivery and customer satisfaction.

I like the prospects for the development of technology and I really hope that it will be used in medicine, statistics,and many other sectors.Also, this technology is already used by many brands to confirm the quality mark.Before the advent of this technology, this was simply unrealistic.

That's why many countries and companies are considering the widespread use of this technology.As you remember, recently the President of China spoke positively about this technology and said that it should be implemented in the entire public sector.This is undoubtedly a loud statement that positively affected the price increase of Chinese altcoins in General, and bitcoin in particular.

I think it is great that Blockchain can be applied to so many different things and can enhance the capabilities of any business. We need to see more of this and as it becomes more apparent, many people will see the real value of the Blockchain and not only look at Bitcoin as an instrument of speculation and instant wealth. It is bringing a lot more to the table than what we could have ever imagined. I think people in the future will appreciate what Bitcoin and the Blockchain are doing to generate a brighter future for Everyone.

Everyone writes about the pros, but let's also talk about the minuses. If the blockchain technology starts to be implemented everywhere, there will be a lot of people without work, so before you spread the power of the blockchain, you need to take care of the smooth transition of all industries to this technology.

What's the connection of people having no job and the blockchain technology itself? Blockchain is just an online ledger that records everything between two parties. I don't see your point here, why don't you just accept the fact that blockchain is an innovative technology to most businesses.

I agree that everyone wants to talk about the positives and over hypes the market. However, I don't think it will be bad for the working economy. As new industries are created, new job standards are created. People may lose their jobs in old industries but can earn new jobs by getting more skills like coding experience etc. You should always look to improve yourself and learn a new skill.

I do not know, even if a technology that was superior to bitcoin was developed if it was not open source and their creators tried to destroy bitcoin then I will keep supporting bitcoin, besides there have been many attempts to apply the blockchain to many other industries and it seems that satoshi created the perfect application and implementation for the blockchain from the beginning, but if someone can do a better job and he makes his project open source then I will not oppose it.

I think this is good news Coca Cola company uses the blockchain. most companies do not yet accept bitcoin as a means of payment but they will always accept the blockchain as a new breakthrough in technology. and I am optimistic that with the increasing number of large companies using blockchain it will encourage the adoption of blockchain and this will also encourage them to also accept or use bitcoin as a means of payment. there have been many large companies that accept bitcoin as a means of payment such as starbukcs, burger king, and others.

Yes, absolutely. Blockchain is the future, there are so many good opportunities inside the technology. Not just on economic aspect, there are so many more advantage in it. Here is a link that will address you to the issues blockchain can handle. There are cool contents and very good articles, videos, also infographics to expand your insights about this amazing technology. Give it a look, thank me later ;)

https://blogchainzoo.com/

True. But blockchain is so much more than just about financial aspect. There are so many advantages blockchain technology can handle like climate change, ethical fashion, etc. If you're interested to know more about how does it works,  https://blockchainzoo.com/ have made a very cool and informative content including videos, article, and infographics to explain what can blockchain change and how does it works on https://blogchainzoo.com/ . If you're interested to join the forum and participate inside to discsusion, click on the link https://zoobc.org/

Most companies that accept Bitcoin use a processor that auto sells it for fiat. Which is not hurtful to the market, but it doesnt bring real utility to it.

I understand why a big company may need to do something like this but if a small business accepts bitcoin then why not take the risk and keep holding it, I know businesses have expenses and bills to pay but unless all their sales are on bitcoin and they need fiat then they could hold some of it, after all if they already took the risk to accept bitcoin in exchange for their services they might as well take the risk of holding bitcoin as well since it is a risk that could pay dividends in the future.

They are accepting bitcoin through a processor, so they are not risking accepting it. They are just taking an accounting headache.