Blockchain will help Economy.

[Ailmand]

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.

Yes, it's very transparent and reliable. Several countries have their "transparency portals", where people access the records of their public administrations online. It's good and useful, but a system like Blockchain would bring much more reliability and transparency to the citizens.

I also like the idea because an adoption like that would cut worthless expenses on the public administrations. Less employees would be needed, so more money could be used for what really matters and isn't having enough budget at this time because there isn't enough money to sustain a heavy payroll and to attend the basic sectors of society at same time.

If the government apply blockchain for infrastructure development, I'm pretty sure that it will get rid of the corruption since it's transparent, as people have known for a long time that infrastructure development which takes up majority of the country's budget often being used as a tool for corruption but blockchain with its transparent open ledger will simply stop it, public will know where the funds are moving, so that there's basically no chance for people to go corupt, I must say that such thing will help improve country a lot!

I agree. However, before jumping off the gun and thinking of how a government could use and take advantage of its benefits to whatever facet of a country. I think that they should first make it work and accept thr market and its assets as legitimate and profitable one and adjust to give it a more conducive business environment to grow and prosper. Only then will the cryptocurrency market would get its much needed boost to be more stable while steadily gaining value. In turn, it could help an economy of a country grow from its gains.

[nabilanur]

Correct to a level. We need to confess blockchains are usually great regarding following electronic digital business and also products yet actually it really is nonetheless relatively a really younger method. Blockchains are usually also youthful in which Bitcoin plus it nonetheless provides pockets and also down sides that folks on this community forum has recently described. Yet in the end sure, blockchains could help the particular economic system when carried out flawlessly.

[KenChanYu]

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.

Yes, it's very transparent and reliable. Several countries have their "transparency portals", where people access the records of their public administrations online. It's good and useful, but a system like Blockchain would bring much more reliability and transparency to the citizens.

I also like the idea because an adoption like that would cut worthless expenses on the public administrations. Less employees would be needed, so more money could be used for what really matters and isn't having enough budget at this time because there isn't enough money to sustain a heavy payroll and to attend the basic sectors of society at same time.

If the government apply blockchain for infrastructure development, I'm pretty sure that it will get rid of the corruption since it's transparent, as people have known for a long time that infrastructure development which takes up majority of the country's budget often being used as a tool for corruption but blockchain with its transparent open ledger will simply stop it, public will know where the funds are moving, so that there's basically no chance for people to go corupt, I must say that such thing will help improve country a lot!

I agree. However, before jumping off the gun and thinking of how a government could use and take advantage of its benefits to whatever facet of a country. I think that they should first make it work and accept thr market and its assets as legitimate and profitable one and adjust to give it a more conducive business environment to grow and prosper. Only then will the cryptocurrency market would get its much needed boost to be more stable while steadily gaining value. In turn, it could help an economy of a country grow from its gains.

The economy has it's own circulation of funds, and if blockchain will be there to initiate I guess that's a good signs of progress over fiat system and digital currency. Decentralized over centralized matters will become more compatible due to massive implementations, and people would gladly prefer to have blockchain transactions rather than traditional method which has delayed system.

[Gabali126]

Yes I believe blockchain has a major role to play in the world global economy. There are so many advantages of adopting blockchain technology as it will help to facilitate easy transactions which will in turn speed up economic activities.

[JamesWood1212]

I think that Bitcoin can help every individual by making life easier and better, and if the government will provide wise and affordable taxes on earnings, it will help the economy also.

[taliwang]

yes you are bitcoin and blockchain technology will help the world economic conditions and with bitcoin all transactions can be very safe so bitcoin can be one of the perfect solutions to overcome future economic problems. so have as much bitcoin as you can right now because I am sure that in the future bitcoin will be increasingly difficult to obtain.

[nsmdgw]

Bitcoin is starting to mature as a digital money, but the Blockchain technology behind it could be more meaningful. Blockchain can become the fifth major breakthrough computing model (after big servers, computers, internet and cellular / social networks), the global economy will depend on blockchain in the future.

[Caitsith]

Billions of dollars have been and will be, invested by the world in Blockchain. Even the most successful people in the world are going to learn about this technology, how they work in re-creating the organization and the industry. The potential strength of Blockchain is driving businesses to innovate their current business models, discover new limits, and bring new opportunities to socialize.

[MeganJenkins1212]

Blockchain Helps Create A Smart Economy And Boosts Business Performance. The blockchain is growing and surpassing the limits of a currency to solve global trading problems.

[frigmatic12]

blockchain may help the economy only if transparency works out well with blockchain unlike others, which could not make clarities perfect in their ways....

[vokokawev658]

Blockchain technology will open a potential application trend in many areas such as banking and finance, retail, transportation, manufacturing, telecommunications ... The application of Blockchain to life will benefit real benefits for the community and the whole society.

[zubrr51]

I am sure that it will be so. Blockchain will simplify the work of the banking and insurance sector, will reduce costs.

[Assface16678]

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. As a matter of fact there are more people who lives in dungeons rather than those who experience living in a castle amd with this it only proves that more people needed something to improve there way of living. And that is what cryptocurrency is doing, helping masses to have a better life.

[Lexurdania]

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.

Blockchain is different from bitcoin. Blockchain is technology and bitcoin using it. It is true that bitcoin can help economy because with blockchain, transparancy will created and for company it can save a lot cost. Government can use blockchain technology and create transparant system, it will cut many bureaucracy on government system

[BartS]

Blockchain is powerfull tool to create tranparancy and saving a lot cost. If government implementing blockchain on government service, I am believe it will more fast than before and government can save many money and government can used it and allocated to poor peoples. If company using blockchain for their bussiness purpose, they can expand their bussiness and making a good growth for their share holder

The blockchain is a double edged sword it can help governments but it can also damage them, they could find a good use for the blockchain if they own it but if it is independent from them as most of them will be then we could do many of the things that governments do and do it in a more efficient manner, that is why they hate the blockchain since it makes them redundant, so they cannot accept it despite the fact that it is more efficient than them.

[virendarnagpal]

The blockchain is an undeniably very important and useful invention – by very much intelligent person or group of persons.
It was originally designed for crypto especially for bitcoin but now it is being used by other tech communities too.  The main feature of this technology is that it can though be distributed but it can not be copied.
It is very much helpful in economic development.

[alval]

this fact has crosswise in many people that relate to the existence of blockchain with economy
sure, it will help economy going faster, as we know the fact the economy grow significantly that cause of the easiness, efficiency and practical factor within the ecosystem.
more practical and efficient, the economy will be born and all its activity will conducted easily.
blockchain contain those factor and genuinely provide those factor. it offers the easiness, breakthrough and exact answer according to the current issues in economy challange.
transparency and consensus value are tightly pinned in blockchain surely can boost the growth of the economy.

[Dread Pirate Roberts]

The blockchain system is a modern digital transaction system that must be implemented in real transactions as well. making transparency that can be checked by all people must be fair and open. and maybe what is still a problem is the security of the value. there is no guarantee that assets will always be safe even if regulated by the government.

[Mikado_]

Blockchain is very good to restore trust, since it's not possible to alter the information, if the ledger is distributed with a blockchain implementation.

Since the economy is lacking trust, blockchain will help the economy.

[Ganbound]

Actually Blockchain is on its initial stage lots of improvement is still needed, But we can't neglect the potential of blockchain because most of popular companies are working on modal which will be working on blockchain.
For example-- IBM, deloitte and startups like essentia, Mobu, wemark. It is obvious that blockchain will help economy in near future.

Blockchain is helping and assisting too many altcoin which is a indirectly helping the economy. I think that still Blockchain is in initial stage and hopeful that in future it will be more helpful for the economy.