danice15
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June 21, 2018, 03:38:42 AM |
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Blockchain is a big help in economy. First of all security is guarantee. And we all know that Security and protection are very important for the economic growth. All the transaction are recorded so it will lessen fraudulent activities. And also transactions will speed up which is need in the growth of the economy.
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jamids
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June 21, 2018, 03:44:50 AM |
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Blockchain is a big help in economy. First of all security is guarantee. And we all know that Security and protection are very important for the economic growth. All the transaction are recorded so it will lessen fraudulent activities. And also transactions will speed up which is need in the growth of the economy.
It would prevent those people to commit fraudulent activities since the public is the auditor of the transactions in which if there are any small discrepancies then the concerned parties would be able to act accordingly and correct it. Since data cannot be altered then the system would be trustworthy and people would believe in the system and there would be cooperation which would be good for the economy. Money can be tracked like in the government so corruption can be avoided and projects would be implemented properly because those who are stealing money cannot do it anymore which would be a big help for the improvement of the economy as the money would go to its rightful place and not just for those corrupt people in the public service. |
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cahbagus555
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June 21, 2018, 05:41:01 AM |
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If many company and government using blockchain technology, i think its good for our economy. Company can save more cost and company can expand their bussiness. If many company expand their bussiness, it will creating more jobs and it will be good for world economy
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SolomonSollarsNSense
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June 24, 2018, 02:19:03 PM |
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This is indeed a proof of the revolution of the rise of the digital age. While all individuals are starting to compete to develop eth-based token projects that are supported by the blockchain system to be one of success in this century
Yes bitcoin can help the economy of a certain country , it can improve everything, technology, lifestyle and even the lives of the individuals living that country. and what becomes difficult is when we have to try to show the strength of crypto and blockchain bitcoin in helping the economic side of the country. so that this unbelieving country can participate in adopting btc Blockchain is new technology and will cover the world in the near future. Governments are doing their survey about this technology and those who have completed their survey about this technology has legalized bitcoin because they realized that the future is of blockchain technology and will be used like a part of life. Then crypto will hold the world market. |
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muddy waters
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JOIN THE NEXT MEGATREND IN CRYPTO!
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June 24, 2018, 03:04:38 PM |
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The distinction is that the record is freely accessible to all individuals in the framework, making it difficult to adjust records without being recognized. This implies individuals can assume that money related records are totally exact without relying on a reliable outsider like a bank, a legislature or an application to affirm it.
Blockchain is indeed something revolutionary, especially as a means of storing big volumes of data while keeping them transparent and secure. The thing is that blockchain can be integrated in almost every business (gaming, social networks, law, augmented reality, etc.), and this would be really beneficial both for the business itself and the users. |
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Soneo
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June 24, 2018, 03:32:57 PM |
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This blockchain that I appreciate and most admire is an integral part of the Transparency of the system, in which the work of an agent is seen or can be viewed and checked by any other agent in BlockChain's destination for Accuracy and Accountability for the same targeted results.
This is just what the Economy needs, when no funds can be sucked or changed for self-correction.
I think If you transact in significant amounts in Bitcoin, you need to convert to a stable currency like USD immediately to prevent the risk of losing the undue value of holding a volatile currency like BTC. This "advantage" is so small over the current system and is much overshadowed by the fact that Bitcoin is an unreliable store, and does not represent safety for long-term value storage. No one will use an unreliable system to store value because it has a low utility or not. The "benefits" you describe disappear entirely in systems that do not offer the ability to store value. As a currency, Bitcoin has very limited utilities centered around niche applications that may be time sensitive and few. |
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Bitexpert2017
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June 24, 2018, 04:34:41 PM |
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Looks like blockchain will facilitate humans in transacting in the future. If humans feel helped and feel eased then this will easily help the economy around him. Because of the ease and speed of transacting is necessary to help the economy of a country.
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KINGCHACHA1
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June 24, 2018, 04:45:07 PM |
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If you take a look at some blockchain related concepts, ideas and projects you will realize that the world is about to have a massive economical positive turn around if blockchain is given the chance to spread more.
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dev9t9ok
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June 24, 2018, 07:03:01 PM |
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The blockchain technologies will help the world economy but not so sufficiently as you think because blockchain technologies are mostly applicable in IT but real economy is not just IT and high tech. Moreover as you can see the blockchain technologies does not used so widely and there are a lot of reasons why it happens because not everybody want to have the honest world by political reasons.
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Genemind
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June 24, 2018, 07:16:35 PM |
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It surely does, blockchain will save a lot of time, effort and money to businesses. Just imagine if people and business institution start using the blockchain technology, they can save a lot of time and money. They can send funds easily, monitor their funds and transfer assets without hassle and further delay unlike transactions through banks.
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checkmatesir
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$CYBERCASH METAVERSE
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July 04, 2018, 07:47:02 AM |
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Nowadays the corruption is rampant everywhere, the government becoming more and more confident of doing their evil practices while the least are suffering as an effect of this uncontrollable corruption. If blockchain will operate legally in every country the record of every transaction of the government will become easily monitor because everyone would have an access to see the history in the blockchain. This will become effective for every country under the power of democracy.
Absoultly right, There are corrupt leaders that don't want to grow economy and also governments are against this blockchaib system because they don't want to see people in financial freedom.Thats why society is divided into haves and haves not solution. To understand blockchain technology is not easy. One of my friends is doing his PhD in blockchain technology. It means that it is something very technical and ordinary people do not understand it, but one thing is sure that this technology will be used by everyone in the future. Due to this technology people will be able to overcome their financial problems and by this way the economy of a country will also be better. |
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slocker
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July 04, 2018, 11:27:49 AM |
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Nowadays the corruption is rampant everywhere, the government becoming more and more confident of doing their evil practices while the least are suffering as an effect of this uncontrollable corruption. If blockchain will operate legally in every country the record of every transaction of the government will become easily monitor because everyone would have an access to see the history in the blockchain. This will become effective for every country under the power of democracy.
Absoultly right, There are corrupt leaders that don't want to grow economy and also governments are against this blockchaib system because they don't want to see people in financial freedom.Thats why society is divided into haves and haves not solution. To understand blockchain technology is not easy. One of my friends is doing his PhD in blockchain technology. It means that it is something very technical and ordinary people do not understand it, but one thing is sure that this technology will be used by everyone in the future. Due to this technology people will be able to overcome their financial problems and by this way the economy of a country will also be better. I will go for that we will use it in future. Maybe not us, but our kids maybe more likely will be used by our grand kids. I dont think its safe for countries to use it yet. Maybe its my opinion, but think they are trying first to understand and then to test with some custom coin created by them and then go open for public. When all 3 part are done and ok then some country will use it. |
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leostrong.mo
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July 04, 2018, 10:41:34 PM |
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Blockchain technology can help companies reduce management costs and financial costs!
Blockchain technology establishes an enterprise credit system, and solves the problems of “funding difficulties, expensive financing, and slow financing” for small and medium-sized enterprises that operate with integrity.
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Finestream
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July 04, 2018, 11:18:18 PM |
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Nowadays the corruption is rampant everywhere, the government becoming more and more confident of doing their evil practices while the least are suffering as an effect of this uncontrollable corruption. If blockchain will operate legally in every country the record of every transaction of the government will become easily monitor because everyone would have an access to see the history in the blockchain. This will become effective for every country under the power of democracy.
Absoultly right, There are corrupt leaders that don't want to grow economy and also governments are against this blockchaib system because they don't want to see people in financial freedom.Thats why society is divided into haves and haves not solution. To understand blockchain technology is not easy. One of my friends is doing his PhD in blockchain technology. It means that it is something very technical and ordinary people do not understand it, but one thing is sure that this technology will be used by everyone in the future. Due to this technology people will be able to overcome their financial problems and by this way the economy of a country will also be better. Exactly.Blockchain will be a great help in making our life more convenient to live with the advancements it will bring particularly in this digital age.I know blockchain is not just an easy thing to learn but if you will strive hard to learn from it,then you will come to understand that blockchain is just perfect to cope up with our fast changing technology. |
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Sled
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July 04, 2018, 11:34:27 PM |
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It is indeed a good help for the economy if blockchain will be implemented to the countries who are struggling right now because blockchain technology will help them to improve the mode of technology that they are using to create their products which will make their system a bit advanced compare to the other companies which is a huge step up for improving their own system.
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jcarlo
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July 05, 2018, 01:12:44 AM |
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The blockchain technologies will help the world economy but not so sufficiently as you think because blockchain technologies are mostly applicable in IT but real economy is not just IT and high tech. Moreover as you can see the blockchain technologies does not used so widely and there are a lot of reasons why it happens because not everybody want to have the honest world by political reasons.
Blockchain technology is very usefull to keep data transaction safe. Its almost unhackable. Beside that, applying blockchain technology on economy sector can save a lot cost because its very transparant |
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owmivmen
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July 05, 2018, 01:25:06 AM |
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Yes I admit blockchain technology can help everyone both in terms of economy and work. but still many crimes that use blockchain technology to deceive and harm everyone. this is necessary as a record of technological developments.
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senin
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July 05, 2018, 03:55:18 AM |
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Blockchein technology will greatly help both the economy and other sectors of our life. Recently there was information that in Russia the military became interested in blockchein technologies and declare that with its help hacking will be defeated. This will greatly change our work on the Internet for the better. Blockchein technology will greatly help where you need to safely store and use large databases of various information. The field of its application is unlimited.
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yndye
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July 05, 2018, 04:30:36 AM |
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It is indeed a good help for the economy if blockchain will be implemented to the countries who are struggling right now because blockchain technology will help them to improve the mode of technology that they are using to create their products which will make their system a bit advanced compare to the other companies which is a huge step up for improving their own system.
In financial industry, blockchain would be a big help to transfer money as fast as possible without the risk of double spending. This has been a problem with the banks because there are times when there are double charging because they weren't able to track the transaction properly but in blockchain it would not happen. If money is transferred faster, projects would be implemented faster and the economy in general would boom because the flow of money is faster. |
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Dbigfoot102
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July 05, 2018, 04:48:48 AM |
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I believe in your idea that using blockchain to facilitate economic improvement or helping the economy is correct. Though the blockchain is working in the background it had been serving until now so many people with their fortunes. Many have become rich wth bitcoin and it was not possible without the blockchain working to keep records. Blockchain serves as the central economic record for all of that which is connected to it and maybe could be a good source of information of the entire economic progress.
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