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Author Topic: Blockchain will help Economy.  (Read 2016 times)
Rrtt
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July 05, 2018, 05:46:50 AM
 #161

Blockchain was imagined as an approach to guarantee the dependability of the digital currency Bitcoin. It is a genuinely basic idea, an advanced record that record all exchanges that happen inside its framework, much like any firm or individual monitors their funds. 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.
This has expansive ramifications crosswise over numerous businesses. Not exclusively will it cut expenses and enhance proficiency by evacuating outsiders, it additionally considers far more noteworthy adaptability by giving exchanges which are an unchangeable reality, which can encourage the sharing of accounts. For instance, blockchain can enable companions to share protection, or neighbors to have a similar vitality contract and guarantee that everybody pays for precisely what they utilize.



Indeed blockchain is amazing and extraordinary thing that could revolutionize world economy, could do transactions and satisfy each others economic needs ,the future not something to be predicted but it something to be achieved.
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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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belalangsembah
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July 05, 2018, 06:02:34 AM
 #162

Now in many areas of blockchain technology will be used. So there is no doubt in it that will definitely help the economy so that blockchain will help the economy is right. It only happens if it is accepted as legal. For this reason many countries now accept cryptocurrency as legal in their country. Its popularity makes many people invest in this crypto. It will help not only economic growth, it will change the lifestyle of many people
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July 05, 2018, 06:06:19 AM
 #163

Yes. The blockchain technology will help many businesses.
Like manufacturing companies can integrate the blockchain tecoin their supply chains for improved productivity.

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July 05, 2018, 06:34:00 AM
 #164

This is still a young industry that is why people have not yet discovered all the potentials of the cryptocurrency environment. This industry has the ability to provide jobs for many people and help solve worldwide unemployment problem.The governments should ask for more education about the way it will help them to solve some of the problems of their citizens.

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July 05, 2018, 08:02:14 AM
 #165

Yes block chain technology is good for the economy to become faster in a good way and many big investors have invested in crypto which also enable people for work and due to this many people will get employed.

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July 08, 2018, 11:46:06 AM
 #166

This is still a young industry that is why people have not yet discovered all the potentials of the cryptocurrency environment. This industry has the ability to provide jobs for many people and help solve worldwide unemployment problem.The governments should ask for more education about the way it will help them to solve some of the problems of their citizens.
Actually bitcoin is working in our social economy right now and it becomes more popular everyday because of so many users getting interested on what opportunity does bitcoin have and as what you have said yes it can solve worldwide unemployment problems which government can`t actually provide all the needs in our economy.
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July 08, 2018, 11:52:48 AM
 #167

Help in this context is pretty restrictive. Block chain will affect the economy but not entirely helpwise.

Tech firms will enjoy and possibly create jobs for a number of people.

But with the advancement in robotics on the back of block chain, a lot more jobs can be lost than created.
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July 08, 2018, 12:23:51 PM
 #168

yes of course blockchain is very helpful economy, many state banks have made their system using blockchain. I'm sure someday blockchain will dominate the economy
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July 08, 2018, 02:33:58 PM
 #169

yes of course blockchain is very helpful economy, many state banks have made their system using blockchain. I'm sure someday blockchain will dominate the economy
When most people hear blockchain, they think for Bitcoin,one of the world’s first digital currencies. But while Bitcoin has yet to transform the global economy, experts believe that its underlying technology—blockchain—is poised to spark an economic revolution.
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July 08, 2018, 02:55:28 PM
 #170

yes of course blockchain is very helpful economy, many state banks have made their system using blockchain. I'm sure someday blockchain will dominate the economy
When most people hear blockchain, they think for Bitcoin,one of the world’s first digital currencies. But while Bitcoin has yet to transform the global economy, experts believe that its underlying technology—blockchain—is poised to spark an economic revolution.

Block chain is not just  actually a bit related to bitcoin but it is actually far ahead than bitcoin. Bitcoin is under the block chain. Therefore, the block chain is true to help the economy by cryptocurrencies that exist nowadays. It revolutionized the use of cryptocurrencies and  most especially the bitcoin.

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July 08, 2018, 04:51:13 PM
 #171

If you're going to talk about Blockchain ,  At first you need to know about block chain . It is actually one types of currency so definitely it helps the economy. Al most  every country all over the world allow blockchain without some countries. Recently a lot of international market place allow some types of block chain Cryptocurrency. A buyer or seller use such types of payment to buy or sell any services or goods. So Blockchain helps the economy.
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July 08, 2018, 06:34:53 PM
 #172

In the future it is possible but it is still early to talk about it. Although blockchain has not bad helped my personal economy and for this I am grateful to him Smiley
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July 08, 2018, 06:35:14 PM
 #173

Bitcoin will definitely help the economy in large way it provide transparency and more important open source ledger system will help the economy in large way
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July 14, 2018, 08:23:35 AM
 #174

Blockchain was imagined as an approach to guarantee the dependability of the digital currency Bitcoin. It is a genuinely basic idea, an advanced record that record all exchanges that happen inside its framework, much like any firm or individual monitors their funds. 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.
This has expansive ramifications crosswise over numerous businesses. Not exclusively will it cut expenses and enhance proficiency by evacuating outsiders, it additionally considers far more noteworthy adaptability by giving exchanges which are an unchangeable reality, which can encourage the sharing of accounts. For instance, blockchain can enable companions to share protection, or neighbors to have a similar vitality contract and guarantee that everybody pays for precisely what they utilize.
In our world, the introduction of crypto currency is not less than a boon for a humanity and we all are blessed to have crypto currency as a source of investment because crypto has always helped millions of people in getting their employment and helped in earning their livelihood and has always proved its worth and those countries who has legalised it has get a new technology in their nation and that is boosting their development so no doubt crypto will help economy and GDP Aof any country in which it will be legalised.
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July 14, 2018, 08:26:03 AM
 #175

If you think well, now the economy is thriving, and in all countries and in principle, the need for bitcoin for the economy is not needed. Is that somebody will make some kind of artificial collapse and everyone will be forced to enter it.

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July 15, 2018, 04:06:40 AM
 #176

Blockchain might come to be a technology that has an impact on large sections of the economy, such as recording and accessing public records, but this doesn't necessarily mean anything for Bitcoin or crypto. In those applications, blockchain would be the underlying technology but there is no utility for Bitcoin there, so there would be no beneficial impact on the price. People have trouble separating the use case for blockchain with the hype for crypto generally.

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July 15, 2018, 06:23:50 AM
 #177

A good example of a blockchain helping economy is JAPAN. Now, take note that japan is already a rich country with a good GDP but still manage to boosts its economy a bit more since they adapt the blockchain technology. Hopefully this will be an eye opener to others too to adapt rather than forbid the said technology.

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July 15, 2018, 12:24:24 PM
 #178

A good example of a blockchain helping economy is JAPAN. Now, take note that japan is already a rich country with a good GDP but still manage to boosts its economy a bit more since they adapt the blockchain technology. Hopefully this will be an eye opener to others too to adapt rather than forbid the said technology.
I also believe that blockchain technology will help the economy and a good example for it is japan because if you look the country japan there are less people who don't have any jobs or source of income, so if every country have blockchain technology they have a big chance to have a great economy.

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July 17, 2018, 02:23:13 PM
 #179

Now in many areas of blockchain technology will be used. So there is no doubt in it that will definitely help the economy so that blockchain will help the economy is right. It only happens if it is accepted as legal. For this reason many countries now accept cryptocurrency as legal in their country. Its popularity makes many people invest in this crypto. It will help not only economic growth, it will change the lifestyle of many people

Blockchain technologies will be really used everywhere. The people will soon understand that they will change the world for the better. I suppose it will happen in less than 4 years.
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July 17, 2018, 02:35:52 PM
 #180

Now in many areas of blockchain technology will be used. So there is no doubt in it that will definitely help the economy so that blockchain will help the economy is right. It only happens if it is accepted as legal. For this reason many countries now accept cryptocurrency as legal in their country. Its popularity makes many people invest in this crypto. It will help not only economic growth, it will change the lifestyle of many people

Blockchain technologies will be really used everywhere. The people will soon understand that they will change the world for the better. I suppose it will happen in less than 4 years.
Yes . This is a very well stored technology in the technology market. I see now large businesses are very interested in this technology.
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