Development of Blockchain in future.

[zubrr51]

In the future, the blockchain will be able to replace a mass of unnecessary, overlapping bureaucratic professions.

[Elerntta]

Bitcoin has already improved the speed and cost of transactions, but it is very slowly accepted by countries, companies and other organizations. I hope that this trend will change and this technology will be actively introduced into our daily financial operations today.

[yatogami]

As we all know that technology doesn't stuck at a single place. It always improves day by day. In the same thought, I believe that blockchain is being developed continuously. Do you know that what kind of development would be in blockchain? Please share your points. Thanks.

The main problem of every blockchain is scalability (the number and speed of processes simultaneously happening within the system).
So I think the main efforts of developers in the nearest couple of years will be trageted at improving the scalability of existing blockchains (in the first place bitcoin) and creating new systems with the embedded abilities to quickly process multiple transactions at a time.

[ninabobo]

As we all know that technology doesn't stuck at a single place. It always improves day by day. In the same thought, I believe that blockchain is being developed continuously. Do you know that what kind of development would be in blockchain? Please share your points. Thanks.

I agree with you, but what I have in mind is that there are many members here who do not understand blockchain, especially for bounty hunters, so actually this knowledge is important to be personally owned if involved in this industry.

[gheawari431]

The technology itself is constantly improving, it can not but rejoice. But the most important thing that is necessary for the successful development of bitcoin is its introduction into our daily lives, as it is very, very slow.

Blockchain technology which is a bitcoin brain can actually be applied in various fields, including banking, agriculture, marine and even for public services. Because blockchain is decentralized so that the server is not centralized, so it cannot be hacked, manipulated or damaged.

[token23flea]

At CoinDesk’s Consensus 2018 conference this year, Joseph Lubin, founder of Ethereum company Consensys, agreed to wager “any amount of bitcoin” with Jimmy Song of Blockchain Capital that within five years, the blockchain would have a number of working applications serving real users.

That’s probably a bet worth taking. Hundreds of millions of dollars have already been invested by some of the world’s biggest companies on the future of the blockchain.

The blockchain is ideal for keeping track of a currency and protecting it against fraud. We don’t yet know what else it’s good for. Until developers have finished their work, we won’t know whether it will become the underlying technology behind a rejuvenated sharing economy or whether it will only power banking services, making transactions cheap and almost instantaneous.

The blockchain has already underpinned a new currency. Investors are now betting that it can do something else, and they’re placing their bets on a bunch of new technologies. Most of those new technologies will fail. But some, a few, will succeed.

[digitalcryptocoin]

Blockchain is really innovative technology invented in last 1000 years on planet. Blockchain is areal solution for upcoming future businesses for their accountability, security, transparency and accessibility. Already many corporate and governments are trying and testing possibilities of implementation of blockchain technology for future businesses. 

[TJ2016]

Because of the transparency in block chain technology, it can go beyond cryptocurrency, block chain can be adopted in other sectors, and since it isnt controlled by one single person, it will be of great assistance.

[darshan331]

It very interesting technology for current world and also it is real fact that this technology implementing in varies departments, the technology will be adopt many more depts in coming days

[petermike]

From what i see each passing day Development of Blockchain in future will far exceed our imagination. Blockchain technology will be our daily indispensable spiritual food. But the most important is Its development and Bitcoin are paralleled together.It will make enviroment of life better and better.

[maianh09]

As we all know that technology doesn't stuck at a single place. It always improves day by day. In the same thought, I believe that blockchain is being developed continuously. Do you know that what kind of development would be in blockchain? Please share your points. Thanks.

Bitcoin has the first Blockchain system with very little transaction speed, but this is the first system. Now we can see that many of the other Altcoin Blockchain systems have very fast transaction speeds at very low cost, and I find the Blockchain platform is changing every day with very little development very fast.

[electron-coin]

Blockchain has become a technological solution to the problem of trust. And it literally changes the world right now. One way or another, this technology will be in trend and will hold in it, because by itself the idea that it introduces will not go anywhere. Creating trust is very difficult to overestimate. Personally, I believe that the degree of influence of the blockchain on the world is still undervalued.
The development of technology will provoke growth in the services serving cryptocurrency: wallets, blogs, and in them, respectively, advertising, analytical services. All these are potentially wide areas that are still underdeveloped. And if the wallets are already in the active stage of development, then the analyst is just beginning to appear. And this whole ecosystem will gradually acquire additional possibilities.
Development in this area, probably, will not be very rapid. There are a number of technical issues, certain risks, but for some areas this transition will definitely occur. Obviously, someone will resist this, and someone, on the contrary, will support it.

[Kurevazeyo]

The technology itself is constantly improving, it can not but rejoice. But the most important thing that is necessary for the successful development of bitcoin is its introduction into our daily lives, as it is very, very slow.

After the internet was discovered and changed the pattern of human life in terms of communication technology, then blockchain technology was discovered which became the driving force of bitcoin which revolutionized the system that had been adopted. Blockchain eliminates the role of third parties who become regulators by implementing a decentralized system, no longer a centralized server. The impact is very positive because it becomes more efficient, safe and fast. And apparently, blockchain technology can be applied in various fields of life.

[kzozenberg]

Blockchain for humanity has not yet revealed its full potential. We will see it in all its glory in 5 years minimum and by that time it will improve the quality of life on our planet.

[Tetutu]

The technology itself is constantly improving, it can not but rejoice. But the most important thing that is necessary for the successful development of bitcoin is its introduction into our daily lives, as it is very, very slow.

Blockchain is a decentralized technology known as the technology that runs bitcoin, now offering high-level solutions that have the potential to revolutionize the workings of the internet, banking and applications without servers.
Even now the Hyperledger Project is being implemented, a joint project that combines banking companies and institutions in the world including Citibank, Commonwealth Bank, HSBC and Barclays, to learn how the blockchain works and apply it to the internal banking system. This project is carried out to change the way banks work in a safer, faster and more efficient direction.

[Pan Troglodytes]

The technology itself is constantly improving, it can not but rejoice. But the most important thing that is necessary for the successful development of bitcoin is its introduction into our daily lives, as it is very, very slow.

Blockchain is a decentralized technology known as the technology that runs bitcoin, now offering high-level solutions that have the potential to revolutionize the workings of the internet, banking and applications without servers.
Even now the Hyperledger Project is being implemented, a joint project that combines banking companies and institutions in the world including Citibank, Commonwealth Bank, HSBC and Barclays, to learn how the blockchain works and apply it to the internal banking system. This project is carried out to change the way banks work in a safer, faster and more efficient direction.

Oh the moment banks hijack the idea it will start to move in the wrong direction - closed solutions, patented technology, behind the scenes, hiden mechanism.

I see more potential for (r)evolutional changes in distributed and open-source development, really.

[velive08]

development of blockchain in the future I think will grow well, and this useful future technology can definitely be used as one of the best ways to continue to support the blockchain. so I think this is a good thing for technological development.

[RadjorBlade]

The technology itself is constantly improving, it can not but rejoice. But the most important thing that is necessary for the successful development of bitcoin is its introduction into our daily lives, as it is very, very slow.

The technology used by bitcoin is a blockchain, which is a decentralized implementation that is not centralized so that the server is not in one place but in many networks, thus increasing efficiency. Even world-class bank banks also explore blockchain to be implemented in their companies. Ali Baba rejects bitcoin, but deepens the blockchain they will use in their company.

[vgk88]

I think that blockchain has great chances to gain popularity in the supply chain. This is a very promising direction and many people want to introduce it.

[fisherycrypto]

These days most of the researchers and technologists are talking about this Blockchain technology that came as a big thing in front of many industries from financial to retail to even healthcare. So let’s have a look to it. Blockchain is the technology behind cryptocurrencies such as Bitcoin. But digital cash and Bitcoin are facing problems called Double-Spending.