Blockchain Is Capable To Prevent All Types Of Fraud

[peter0425]

The prevention of fraud and counterfeiting is a serius issue. Anonymity is a concern but it is only for security.
The Blockchain is capable to prevent all types of fraud and counterfeiting. It also gives highest possible security to the investor.

Blockchain technology cannot prevent fraud. What blockchain can offer is to provide us with a secured and fast database that a lot of people can use. That's why blockchain now is being used not just in crypto-currency but in other companies as well.

[samuraijin]

I thought why not to make it possible to be a lot of developers working for blockchain to tackle the problem, but again all need a process that is not a short course in this case we all know that blockchain also used by major corporations

[megynacuna]

The prevention of fraud and counterfeiting is a serius issue. Anonymity is a concern but it is only for security.
The Blockchain is capable to prevent all types of fraud and counterfeiting. It also gives highest possible security to the investor.

That's very true but anonymity is a concern and bad people can also hide behind that for their illegal businesses (drug peddlers, prostitutes among others) so it's seeking to address fraud but can also promote illegal businesses and I think we need to look at the latter critically

[Mike Mayor]

The prevention of fraud and counterfeiting is a serius issue. Anonymity is a concern but it is only for security.
The Blockchain is capable to prevent all types of fraud and counterfeiting. It also gives highest possible security to the investor.

Yes you are right the mechanics behind bitcoin is good and it cannot be hacked or manipulated or reversed. The problem that no technology can solve is the trust between two people. This is the main hurdle when it comes to human communication no matter how good the technology gets.