Blockchain will help Economy.

[Amanda Green]

Blockchain and bitcoin are suitable for every industry. I am working in the field of insurance and finance and I am waiting till blockchain will change everything. I hope it will happen soon. I have found one project Socratus. It is an insurance ecosystem which provides a digital platform with instant claim payment products for insurance companies. It is designed to help insurance companies to save their money and get their business on a new level. For instance, they can help the insurance company to lower expenses from 15% to 25% on claims handling and operational expenses. Basically, they work with different kinds of insurances such as e-commerce, cyber insurance, personal accident and etc. Moreover, they are powered by Smart-contracts & Socratus Oracles. I think this is really cool and it seems like an innovative and demanded project. I hope I helped.

[1715071386]

1715071386

[BigBos]

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.

in fact, it all depends on how they use it. well, everyone who utilizes bitcoin well, will definitely have a good economy. it can also illustrate that when bitcoin is used properly, it will improve the economy, sooner or later.

[RasicaOla12]

Since the release of Blockchain it has benefited tremendously from the economic boom that has made the modern economy much more useful than we can see.

[t3m4nc0k]

of course every movement of bitcoin will have an impact on the economy globally considering what gets from every profit will spread

[PalindromemordnilaP]

Countries that never have a second thought of embracing cryptocurrency and the blockchain believe that it can help their economy to grow. I have read an article too that one of these countries admits that their economic progress is improved because of the blockchain technology.

[uptown04]

yeahhh blocchaın  nowadyas is pretty   famous  and i thin   that it is  totslly trueee    ı it is going to change the economy for me i think it wiill become much more than just help.

[Vineeta2october]

There are 2 things that will affect each and every country.

#1 Cryptocurrencies

They will change the financial landscape because suddenly unbanked people will have access to transferring money in digital form. Banks are not needed anymore. They lose money and power over us. This is a game changer, especially for people who are not so lucky to be born into a rich and free country.

#2 Blockchain

This is the underlaying technology of cryptocurrencies and will have even more impact than the cryptocurrencies itself. The blockchain allows for new technologies and ways on how to interact with each other. It is a completely different thing than what we are used to. I personally think that it will bring a lot really good and positive innovations - why? Because I believe that people are inherently good and want to do good. Great innovations will now have a way to go public, to get funded and to reach the world much easier than before.

[kidamazo]

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 can agree on that, if we would have wise and fresh people able to handle with bitcoins disadvantages and cover them, then we will face the advantages of Bitcoin entering positively into existing economy system.

[Samaaliu]

I see Blockchain uplifting so many economies globally in future. This is because as times goes on and people gain more confidence in the technology, a lot of organisations will start using it and that will help to speed up their transactions and more efficiency.

[droptableguy2]

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 can agree on that, if we would have wise and fresh people able to handle with bitcoins disadvantages and cover them, then we will face the advantages of Bitcoin entering positively into existing economy system.

Correct. We must prepare ourselves with the knowledge and skills to understand this market. When we encounter difficulties. Enough capacity to actively preserve the market. So it will directly affect the economy, which is obvious.

[hotforblockchain]

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 often have thought what would happen if there was no possibility for banking system just to emit ( print) money whenever they see fit? How would our economy react? Would it be better of or it would be significantly different form now. I tend to think that we would see that wealth being divided among more lower class members.

Another thing is the intimidate potential of cryptos- the fast and cheap transactions over boarders.

[nazaididuan1]

Blockchain technology also needs to be used in conjunction with cutting-edge technologies such as the Internet of Things, artificial intelligence, big data, and cloud computing to achieve maximum results.
The blockchain will promote the development of the real economy from three aspects: cost reduction, efficiency improvement, and creation of a credible environment.

[boksoon]

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.

That's exactly what is bitcoin to our life all transaction has been made that's because of our own processed through Block chain technology. All exchanges has made charges to pay for every transaction so that is also the way to help the economy to our government in legal process.

[daarul50]

It all depends on the use of blockchain technology so that when the technology is used for the good, especially in the economic sector, at least possible blockchain also improve the economy because it can not be denied a system that works well because of the kesinjalanan between all things that are in one system. I personally feel the benefits of blockchain to improve the economy and I am grateful that blockchain is able to speed up transactions instantly without having to deal with parties that always complicate every transaction when using fiat money.

[Ericgreen]

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.

Blockchain can play important part in our community it can change the economy and make much better. I had already saw many topics in this forum  which discuss the same But unfortunately since its relate to bitcoin and crypto currencies no one is ready to accept it.

[slocker]

It all depends on the use of blockchain technology so that when the technology is used for the good, especially in the economic sector, at least possible blockchain also improve the economy because it can not be denied a system that works well because of the kesinjalanan between all things that are in one system. I personally feel the benefits of blockchain to improve the economy and I am grateful that blockchain is able to speed up transactions instantly without having to deal with parties that always complicate every transaction when using fiat money.

Hopefully we will see this implemented in near future. This could be really good for all economies in the world, but this will be mainly individual decision for all countries in the world. However if this sometimes comes to life we could expect to see maybe some new tokens or coins created on global level that can be used for this or that part of the world.

[Cryptotenuse]

The real turning point is the new concept of a distributed ledger. Blockchain has been the pioneer technology to disclose this new infrastructure, but now DAG appeared and other Technologies will appear in the future as well.
Of course these Technologies will nelp econly, just as any new financial infrastructure would.

[mware]

All transaction in blockchain are 100% transparent. Transparency is very important for the economic growth. It speeds up the transaction speed and hence everything would be done very fast which as well plays a major role in the growth of the economy and It lowers transaction cost and also hence no place for commission taken by the brokers or middle agents.

[BitcoinMyBlood]

Since the release of Blockchain it has benefited tremendously from the economic boom that has made the modern economy much more useful than we can see.

There's some disadvantages like it can disturbed the fiat, use anonymous,and the main part is people left using bank and move to block chain. Need to think the the positive things.

[spongegar]

True to an extent. We have to admit blockchains are awesome for tracking digital trade and stuff but honestly it is still fairly a very young system. Blockchains are even younger that Bitcoin and it still has holes and disadvantages that people in this forum has already pointed out. But ultimately yes, blockchains could help the economy if executed perfectly.