Do we need blockchain technology?

[jonhsongotti]

Blockchain is the technology behind bitcoin and one of the most prominent inventions of the 21st century. We really need blockchain in the 4.0 technology.
It provides processes for recording, analysis, automatic transactions and much more. Data is digitally encrypted and stored in a publicly shared database, making it unlikely to be tampered with as well as being protected from any accident or deletion of data.The blockchain is applicable to the financial services industry,voting, education, health... so on

[yusupjatigumilar]

in my opinion, if you look at the capabilities of blockchain technology, it will be very useful if applied in several fields such as in a person's medical record, so a person's history and medical history will be clearly visible without any engineering, even missing data. medical world

[rhomzkie26]

Hello everyone.

When I see there are too many ICO and shitcoins on novaexchange. I keep asking myself: do we really need blockchain technology?

In case of Bitcoin. Of course, I agree.
What about ETH? I agree too.

But, have a look at the others on the market. I don't even know why should people use their service. There is no real use in real life.

An ad management system on blockchain? - We already had Google Ads & Facebook Ads.
A social network on blockchain? (steem) - Do we? I don't see anything but a centralized forum hosted on a random hosting using its currency to pay for the writers.

There are too many projects  that we don't really need it on blockchain.

Sometimes, I think there is a black swan (Blockchain is useless in real life) lurking around.


Please enlighten me.

If you are here in Bitcoin or crypto industry, blockchain is very needed you must bear that in your mind pal. Because,we cannot earn bitcoin or altcoins without the blockchain technology they have in this type of business as well. And most of the project that rise here was all connected into blockchain dude.

[ufaiz50]

Indeed in creating something a project as a user and investor will choose and most of it is a project that is not needed for ourselves, but in my opinion this is a series of processes where a project that uses blockchain technology will be useful. regardless of what coins used blockchain technology like bitcoin, ethereum, doge, ripple, dash, MNX, ripple and others. We still need blockchain technology to go towards the digital era.

[Barbut]

Reality is that blockchain make things easier, its more secured and private. Do we need it? Look around, do you think that global economy is doing fine with so many poverty around? With so many scams, banks that rip off peoples last money? We need better system than we have now, blockchain is maybe answer to many economic problems that people face today.
Lets be real about one more thing, there are too many people living what you think can paper handle all that? I guess that in some way we desperately need blockchain, what else can save us from banks?

[yvesp110]

in my opinion, if you look at the capabilities of blockchain technology, it will be very useful if applied in several fields such as in a person's medical record, so a person's history and medical history will be clearly visible without any engineering, even missing data. medical world

For sure there are a lot of benefits we are getting today only with the help of blockchain, in some areas blockchain is being use as best source to keep our bitcoin saved and it is allowing us to maintain the safety issue in our investment, now in recently I have heard about the new that some bank systems are including the block chain technology in their matter of holding investments.

[Snaic]

The use of blockchaine technology is not limited to the cases you mentioned. This technology is very comprehensive. First of all, it can be used where it is necessary to store a large database with a high degree of security in the mode of permanent access to this database via the Internet. This makes it possible to coordinate the various actions of sellers and buyers, tenants and employers, and so on across the globe. This perspective was opened for the first time.

[johnalyn]

Yes we really need blockchain technology in this era because of our growing economy and I think it will be easier to blockchain to monitor things and save things that are are totally needed a help like those people who want a new way of making money and making big profit in their investments.

[Sanu Simon]

Right now the technology is getting implemented all around over various sectors. This assure the growth in an efficient way compared to the traditional system that's been under usage. Possibly within the upcoming five years we can see majority of the platforms getting transformed to function over blockchain.

[loragean03]

in my opinion, if you look at the capabilities of blockchain technology, it will be very useful if applied in several fields such as in a person's medical record, so a person's history and medical history will be clearly visible without any engineering, even missing data. medical world

Yes, We need block chain technology because of its potential in making the economy of every country to improve, imagine a platform that has access in some various things and can be used by everyone and everywhere as long as you have the power to connect online, Block chain technology makes easier for us to transfer and secure our funds in a transparent way of giving its potential in the future.

[Menawi12]

People interest on cryptocurrency market increasing and many people or company want to take advantages from this growing market. Many different coin and token in market and i think many of them having similiar project. We need blockchain technology and cryptocurrency but we should wisely choosing crypto to invest because many shitcoin in market that pump and dump coin.

[DisWhale]

Can we throw away such a revolutionary technology? With the help of the Blockchain technology, a lot of ideas have been actualized and are now functioning and serving their purpose of rendering solutions to most of the problems facing humanity. Blockchain is the future.

[lesekara2018]

Of course all this ico coming up everyday will devalue the initial trust placed on bitcoins

[legendbtc]

Yes, in order to increase the economic growth of transparency we need to use blockchain that's why many big companies are showing interest towards the blockchain because every sector is showing interest due to there is huge growth in blockchain technology. Which we can implement in any sort of project once we have active developers and people who have knowledge about the blockchain technology.

[domarakooth]

For a lot of project blockchain is a complete waste of resources. I do not need a blockchain to count the apples on my appletree. But for some complex (financial) applications blockchain is the most important invention since eh applications

Blockchain is more than our thought. Most of people use it just for store their money. I know it has highly security and we can say that our money in protected but ever thought about more feature of blockchain?

[zcashplan]

This is for sure, your understanding of the blockchain is not enough. This is the second revolution in the Internet. This is a technological innovation. Know how the Internet changes humanity. This time the arrival of the blockchain will make the world a better place.

[virtfund]

Blockchain is not invented to count your apples on the tree. It will help to reduce control of big investors and goverments of traditional markets and commissions of transactions and payments, because it does not rely on a centralized system.

[hahay]

Blockchain technology can work with transparency which of course will make many developers from every existing institution apply it, so I can say blockchain technology is really needed. What's more, we can also minimize corruption with blockchain technology, which is indeed transparent, so I'm sure at least economic growth will also increase and be more transparent.

[paulspider]

I dont think any country or economy can live peacefully without blockchain technology. We all have to get a feel of how blockchain technology will positively help the economies worldwide.

[yulchatar]

Blockchain technology is a breakthrough in technology. This is the new invention which in the future will be able to solve a lot of important problems due to its functionality and transparency. I think the future is behind this technology.  It's only at the beginning of its path but it has already managed to win its place in the modern world, as already a large number of companies use it in their work.