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Author Topic: Blockchain will help Economy.  (Read 908 times)
ShineftChaos
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June 12, 2018, 08:15:06 PM
 #81

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.

Block chain is the only transaction who can separate people from paying taxes and because of that, people are loving cryptocurrency because bitcoins give them the freedom to have a financial freedom in life.

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June 13, 2018, 09:59:41 AM
 #82

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
And I prefer this one fact over everything. The leaking of corruption for our politicians. They would be stopped anonymously because they couldn’t be doing any sort of dishonesty with us. We can’t just see them cutting money off in their own accounts and thieving the population money illegally. This one thing hired in the way of legalizing, that is why those politicians aren’t legalizing this bitcoin.

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June 13, 2018, 10:33:07 AM
 #83

But you did not actually explained how this will help the economy to grow ? Anyway, I do think that blockchain will have lion share in the future to come as the advances takes place over it. As we see how ICO projects are evolved on this blockchain, in the similar manner it will happen that government and bigger private sectors will take help of the blockchain to solve their problems and thus help themselves grow. As they start growing this will automatically bloom their businesses and thus in turn they will also help grow the economical transaction to get healthier.
With Blockchain technology the market became frictionless and its appearance affected the market positively. Economies are now in more speed and going good and are boosting up with the use of this technology. Similarly other new technologies also help in improving economy but with the Blockchain innovation and its technology made the market frictionless for all people and countries.

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June 13, 2018, 10:39:55 AM
 #84

I found information about WFP's Building Blocks project. Underpinning WFP's Building Blocks project is blockchain. The UN was using ethereum's technology to fund food for thousands of refugees. It is very interesting example.  We see that even  big international organizations have begun to use blockchain technology in their projects.

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June 13, 2018, 10:41:39 AM
 #85

Essentially crypto currencies help the economy by providing wealth to people to actually spend. So by spending there will be alot of exchanges of goods and services for money. These transactions of course generates income to the government by taxes and the money placed in the market boosts revenue. All in all, win win.

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June 13, 2018, 01:31:56 PM
 #86

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.

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June 13, 2018, 11:55:25 PM
 #87

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.

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June 14, 2018, 12:00:26 AM
 #88

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.
Economy will  depend  on their citizens earning if people  has plenty of money the economy will also grow like wise the economy will also proliferate in the money will cycle faster because fast transaction.

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June 14, 2018, 02:11:06 AM
 #89

Since its inception, blockchain has contributed a lot to economic development, this technology has supported the digital currency trading, and it can also be applied in areas such as healthcare, or education...

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June 14, 2018, 02:17:16 AM
 #90

Blockchain has created technological capabilities in a new way. Used to record human exchanges, currency exchanges, various digital and physical assets, even our own personal attributes. In some ways, they become a technological institution, with many of the benefits of the traditional institutions that we are used to using in our society, but they do so in a decentralized way. It converts a lot of uncertainty into certainty.

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June 14, 2018, 02:54:05 AM
 #91

Since the introduction of blockchain technology has brought us a lot of benefits as well as many applications have to say it is the cryptocurrency market thanks to this technology that the transaction becomes more excellent and safer than ever. over

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June 14, 2018, 03:26:06 AM
 #92

With the advent of bitcoin with blockchain technology that is said to be the result of security and clean. This is driving the blockchain industry and its rapid development in recent years. Continuous information blocks use code technology to link and secure, thus effectively preventing data modification. This feature becomes critical in helping to manage macroeconomic models. It is applied in many areas ranging from services, education, production, consumption, transportation ... I think that blockchain is a very necessary trend for the development of the economy. For that reason, Blockchain will be the future of the new age.

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June 14, 2018, 04:30:15 AM
 #93

yes you are right blockchain will help the economic circulation because blockchain can be like big data that can accommodate all existing transactions and can store anything that need to be stored in blockchain. with such to save with this system becomes open anyone can see it and can become more transparent.

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June 14, 2018, 04:46:49 AM
 #94

Yes, You may find that, through campaigns advertised on this forum. Many effective and practical utilities built under the blockchain platform are bringing convenience, convenience and safety. Data, information is guaranteed. It is a great incentive for the blockchain industry to integrate into the world and develop the economy and society.

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June 14, 2018, 05:10:56 AM
 #95

blockhaind technology has many interesting features that of course will be able to facilitate every investor who will do investment activities. and of course this will be the main attraction for investors and with the many investors who will join in blockhaind technology and of course this will change in terms of the economy for the better.

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June 14, 2018, 05:11:22 AM
 #96

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.
,it is not all of the government officials are corrupt, there are also few of them that are not. well it also makes them all of them because they are using their power to make such decisions most importantly in economy. The blockchain system can help the economy in several ways including faster peer to peer transactions among the companies, but because of being decentralized it is hard to implement the usage of it and we know that most governments are against.

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June 14, 2018, 05:16:28 AM
 #97

blockhaind technology has many interesting features that of course will be able to facilitate every investor who will do investment activities. and of course this will be the main attraction for investors and with the many investors who will join in blockhaind technology and of course this will change in terms of the economy for the better.
blockchain can indeed help the economy if it is really used for it, even further lessons can make people become more independent. only, it's all in the limit by the government. whether it has a big enough loss for the country or not, as I know, the current conditions do not allow for that.

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June 14, 2018, 10:25:12 AM
 #98

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.

I will give you a merit on this matter. Blockchain and its benefits to life are undeniable. With blockchain technology, we can apply a series of problems in practice. But for now, the purpose of its application is not really true.
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Yeah the use of blockchain technology will improve the world economy because more and more people will put their money in cryptocurrency and the use of it will increase with the help of blockchain technology. World is turning towards digital currency and blockchain is the only one who promotes and back cryptocurrency. People trust this technology and in the future the users will increase in number.

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June 16, 2018, 11:08:55 AM
 #99

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
And I prefer this one fact over everything. The leaking of corruption for our politicians. They would be stopped anonymously because they couldn’t be doing any sort of dishonesty with us. We can’t just see them cutting money off in their own accounts and thieving the population money illegally. This one thing hired in the way of legalizing, that is why those politicians aren’t legalizing this bitcoin.
Cryptocurrency is backed by blockchain technology and the future is that of cryptocurrency. Many people are now millionaires due to bitcoin investment.

So I think that when people earn money from bitcoin they will not demand anything from government and they will contribute big share in the economy because of having big money. Circulation of money reduces economic problems in the country.

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June 16, 2018, 11:19:44 AM
 #100

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 my opinion, This is indeed a proof of the revolution of the digital age. While all individuals started competing to develop eth-based token projects supported by the blockchain system became one of the successes of this century.
This is the future technology that will be needed in the future. Lets see.
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