Why everybody is doing blockchain?

[hadveach]

I think this is just about the progress of the simpler and increasingly criminal times, if I compare with etherscan, I see even better block chain security. reality proves that a few days ago etherdelta was hacked.

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[boyshx]

Bitcoin is the first cryptocurrency introduced to the world. So as the blockchain technology. Earlier many countries have welcomed bitcoin currency, they even accepted it as a legal currency along with their tradition currencies. But later on due to some securities these countries banned or tried to regulate bitcoin currency. But they are still welcominh bitcoin`s security system blockchain.  World have accepted Blockchain as one of the best security system. Indian sEBi chief recently warned citizens about cryptocurrencies, but he praised blockchain technology. Many countries are introducing their own cryptocurrencies using blockchain technology.

[wall101]

there's more blockchain as I have no blockchain here in our world, the transaction can not speed up the different bitcoin transfers to others. It's okay to withdraw bitcoin or altcoins because the blockchain is just a tool to send or to withdraw it to get it another okay to accept, I just do not know what happens when the blockchain is gone without it.

[UAE Seasider]

I think the Blockchain is making its way to many new applications and industries to improve the accountability of operations and also to negate and fraudulent activities. This new scheme for keeping public records has many benefits and not just financial.

[zolfa]

Bitcoin is the first cryptocurrency introduced to the world. So as the blockchain technology. Earlier many countries have welcomed bitcoin currency, they even accepted it as a legal currency along with their tradition currencies. But later on due to some securities these countries banned or tried to regulate bitcoin currency. But they are still welcominh bitcoin`s security system blockchain.  World have accepted Blockchain as one of the best security system. Indian sEBi chief recently warned citizens about cryptocurrencies, but he praised blockchain technology. Many countries are introducing their own cryptocurrencies using blockchain technology.

it's amazing, I agree with you. block chain technology is the most secure technology in the 21st century. This should be appreciated by the world. and should get a world record

[zenrol28]

This article will answer your questions.

https://cointelegraph.com/news/industries-and-blockchain-2017

These centralized database are not tamper proof. They can be changed by anyone who has / gains access to it. In order to make it looks like tamper proof, they make an emergency backup / restore point. Where those methods are less cost effective but safe in some way.

Unlike in a blockchain where it's decentralized, making a breach is almost impossible. And also blockchain technology is more cost effective.

[triciaa478]

When there is upgrade in your gadget you use in your home, you will definitely wish to get the new one. The same way applies to any man. Yes Banking is doing already good with centralized exchange, but blockchain which offers opportunity to see transaction in a public ledger is the best so far I think and it afford anyone to be a banker.

[Sunyoto]

I think the blockchain changes in the future are very good, because we make investments and transactions so very easy and safe, to get a lot of results in the future. because seen at bitcoin prices at the end is very good compared to the previous year, so next year if you can hold bitcoin you will benefit better at the right time.

[parassinghal]

I think its because everyone now depending upon the technology and digitization is also increasing. SO for a change the blockchain concept is introduced. Exactly i also don't know that why it is trending this much. But i think in future we will definitely get its advantage.

[Kakmakr]

You only realize the advantages when you live in a country where these centalized currencies fail. Then you will see how corrupt these centralized services are and how much power they have over your money and wealth.

There are several examples where these systems failed : Zimbabwe / Greece / Venezuela / cyprus and a lot more.

[YuginKadoya]

I think its because everyone now depending upon the technology and digitization is also increasing. SO for a change the blockchain concept is introduced. Exactly i also don't know that why it is trending this much. But i think in future we will definitely get its advantage.

Well it is really increasing and right now they are using this kind of technology utilizing its uses and obtaining a new plan in outsourcing their products or services with the use of Blockchain technology, I really think everything is innovating right now and we can see that every company like Shipchain are providing a services like FedEx, Royal Mail, ups, DHL Express, PostNL, and other multinational courier delivery services, But Shipchain is using Blockchain that is why I think this is a unique way in providing the same service like the other.

[vaughn125]

Well,  what we are witnessing is a new era of businesses and finances. You see, a lot of us are now in a time where everything we thought impossible is now happening. But the choices to adapt and take advantage of the situations nowadays still relies on the person's mind. On wether he/she will make efforts to be in the new trend which can either bo worth the offort or just a waste of time in the future. The risks are good. But if they are too scared, then nothing will happen.

[Mandoy]

Why everybody is doing blochain?

I feel the world is already doing good.
Our internet speeds are good, hospitals are doing good, insurance is working and so are the schools, flights and education

Why there is so much hype about blockchain and decentralization all of a sudden?

If insurance industry or banks are storing the transaction information in a central database/system and its been working fine so far and there is no double spending problem
, how would making it decentralized help so much?
Atleast from end user/customer it really doesnt matter as long as the information stored is accurate and transactions are going fine (which is already happening)

Agree that in the past, lot of hacking attempts happened (the big retail store credit card, credtit rating hacked etc) but these problems would still exist even if we do blockchain

May be I did not understood the concept of blockchain. Does anything changes drastically for me, the end user?
I would be still going to website to book my flight tickets or go to centers to write exams or get my insurance claims or be dependant on the banks for withdrawing my money etc
Please provide any links or articles to read which explains it in layman terms on what is really changing and what the sudden splurge of devs/companies are really doing

If you understand how banks are making money and what is the secret behind then you will say its okay. Actually there is no wrong in banks if it is just a facility of storing money but the big problem is on how they are earning using our money and how they are earning profits from just numbers without a physical money backing it. This technology , the blockchain technology is made for the purpose of transparency. It means that for example the 21 million of bitcoin, it cannot be duplicated nor they can create more coins to place in the circulation.

Of course there are both advantages and disadvantages on both side but is also good to have an option to choose from to break the monopoly.

[player514]

Why everybody is doing blochain?

I feel the world is already doing good.
Our internet speeds are good, hospitals are doing good, insurance is working and so are the schools, flights and education

Why there is so much hype about blockchain and decentralization all of a sudden?

If insurance industry or banks are storing the transaction information in a central database/system and its been working fine so far and there is no double spending problem
, how would making it decentralized help so much?
Atleast from end user/customer it really doesnt matter as long as the information stored is accurate and transactions are going fine (which is already happening)

Agree that in the past, lot of hacking attempts happened (the big retail store credit card, credtit rating hacked etc) but these problems would still exist even if we do blockchain

May be I did not understood the concept of blockchain. Does anything changes drastically for me, the end user?
I would be still going to website to book my flight tickets or go to centers to write exams or get my insurance claims or be dependant on the banks for withdrawing my money etc
Please provide any links or articles to read which explains it in layman terms on what is really changing and what the sudden splurge of devs/companies are really doing

Think of it this way. What you said isn't true, but imagine it was. Imagine that hospitals, schools, institutions, etc. are all good. Blockchain technology offers ways to make those good things even better. Using the ledger system, you can make things faster, use up less space, and in general optimize some solutions that have been implemented already. In other words, blockchain goes beyond just a form of making new things, but it also is a transformation for the older technologies we've been using. There is no change for you as the user, but you get to indulge in the benefits of optimization.

[alisa20172020]

If governments and banks can control your wealth, usually let your wealth depreciate every year, do you still think that block chain technology is useless? The block chain can make most industries as central as possible, which is very important for the future, which may be an opportunity for the whole society to advance.

[mutrang23]

Why everybody is doing blochain?

I feel the world is already doing good.
Our internet speeds are good, hospitals are doing good, insurance is working and so are the schools, flights and education

Why there is so much hype about blockchain and decentralization all of a sudden?

If insurance industry or banks are storing the transaction information in a central database/system and its been working fine so far and there is no double spending problem
, how would making it decentralized help so much?
Atleast from end user/customer it really doesnt matter as long as the information stored is accurate and transactions are going fine (which is already happening)

Agree that in the past, lot of hacking attempts happened (the big retail store credit card, credtit rating hacked etc) but these problems would still exist even if we do blockchain

May be I did not understood the concept of blockchain. Does anything changes drastically for me, the end user?
I would be still going to website to book my flight tickets or go to centers to write exams or get my insurance claims or be dependant on the banks for withdrawing my money etc
Please provide any links or articles to read which explains it in layman terms on what is really changing and what the sudden splurge of devs/companies are really doing

Because blockchain is a new technology because this is the age of digital technology. Just as the profit of crypto gives the investor a great deal. A number that makes a lot of people interested and wants to participate in it.

[Nellayar]

Why everybody is doing blochain?

I feel the world is already doing good.
Our internet speeds are good, hospitals are doing good, insurance is working and so are the schools, flights and education

Why there is so much hype about blockchain and decentralization all of a sudden?

If insurance industry or banks are storing the transaction information in a central database/system and its been working fine so far and there is no double spending problem
, how would making it decentralized help so much?
Atleast from end user/customer it really doesnt matter as long as the information stored is accurate and transactions are going fine (which is already happening)

Agree that in the past, lot of hacking attempts happened (the big retail store credit card, credtit rating hacked etc) but these problems would still exist even if we do blockchain

May be I did not understood the concept of blockchain. Does anything changes drastically for me, the end user?
I would be still going to website to book my flight tickets or go to centers to write exams or get my insurance claims or be dependant on the banks for withdrawing my money etc
Please provide any links or articles to read which explains it in layman terms on what is really changing and what the sudden splurge of devs/companies are really doing

Think of it. What is the definition of blockchain and how it contributes to bitcoin and altcoins. The existence of blockchain helps individual to view a transaction, to have proof of payment and to prevent scams. Everything always change and we must be thankful because it was invented during our time. Everything has purpose and we must go to the flow, for us not to become ignorant at  same time arrogant.

[mathiaslivis]

Block chain technology will make communication more convenient. Your payment, your travel, your education, your way of wealth. It's going to get rid of a lot of bondage.

[raven1322]

Why everybody is doing blochain?

I feel the world is already doing good.
Our internet speeds are good, hospitals are doing good, insurance is working and so are the schools, flights and education

Why there is so much hype about blockchain and decentralization all of a sudden?

If insurance industry or banks are storing the transaction information in a central database/system and its been working fine so far and there is no double spending problem
, how would making it decentralized help so much?
Atleast from end user/customer it really doesnt matter as long as the information stored is accurate and transactions are going fine (which is already happening)

Agree that in the past, lot of hacking attempts happened (the big retail store credit card, credtit rating hacked etc) but these problems would still exist even if we do blockchain

May be I did not understood the concept of blockchain. Does anything changes drastically for me, the end user?
I would be still going to website to book my flight tickets or go to centers to write exams or get my insurance claims or be dependant on the banks for withdrawing my money etc
Please provide any links or articles to read which explains it in layman terms on what is really changing and what the sudden splurge of devs/companies are really doing

Don't be too skeptic about it my friend, but you need to see it this way. The block chain technology is our way to get out of the current norm of our society where in big companies dictates how the financial system goes. Think of it that the block chain system is like the internet all over again. Whether you like it or not, you will eventually succumb to it.

[AlexanderAnthony]

Blockchain is the world's leading software platform for digital assets. Offering the largest production block chain platform in the world, we are using new technology to build a radically better financial system. And also blockchain technology is designed to prevent the bitcoin system from being touched or hacked.