many companies only use the blockchain and no bitcoin

[german1080]

all the companies in the world are beginning to use the blockchain technology but none of those companies have bought bitcoin, and other companies create their own blockchain, this would affect the price of bitcoin in the near future?

[javadsalehi]

Everything causes blockchain and its biggest product which is bitcoin to become more popular can affect the market in a good way.

[AjithBtc]

Blockchain is the backing technology of the bitcoin as well various other digital currencies. Bitcoin is a success of the particular technology. When the blockchain implementation increases constantly there will be growth and increasing acceptance for Cryptocurrency which marks the growth happen through the technology.

[coolcoinz]

Blockchain is the backing technology of the bitcoin as well various other digital currencies. Bitcoin is a success of the particular technology. When the blockchain implementation increases constantly there will be growth and increasing acceptance for Cryptocurrency which marks the growth happen through the technology.

You are right. These two things are connected and each influences the other. It's like a computer and a hard coded program. Blockchain, the computer, is needed for the main program (Bitcoin) to run. You can create more programs on the computer, but the main one will always remain. To use any program you will need to buy a computer which will popularize the hard coded program, whether you like it or not.

[criptoturk]

the blockchain is one of the most important technologies of this century. the companies and business world can easily see the future and they are maximizing the benefit from the blockchain. but it takes more time for bitcoin to be accepted and used for people if we compare with the blockchain technology.

[BitNaija]

The expanding adoption of blockchian is good for bitcoin. Despite the fact each new blockchian ecosystem developing has it's token, there is one that is universally accepted and that is bitcoin. Not all the coins or tokens will have that kind of wide acceptance which bitcoin enjoys.

[sabine80]

i think this is not a problem. there will certainly be many blockchains in the future, which are used for different things and bitcoin is the blockchain for digital gold.

[LodisMcguire]

Blockchain can be implemented to other system,not only cryptocurrency.Even if those companies didn't use bitcoin,everyone know that the first blockchain is implemented in bitcoin,so those companies will affect bitcoin popularity indirectly.

[LeGaulois]

The blockchain technology has more future than Bitcoin or any crypto. The reason is the technology can be used in so many industries like the bank, real estate, health, voting, and so on. Companies are free to create their own blockchain and it's a good thing. Bitcoin isn't suitable for many of them. For example why a food manufacturer would use Bitcoin? In another side it could use the blockchain technology for the food traceability.

[coinwizard_]

all the companies in the world are beginning to use the blockchain technology but none of those companies have bought bitcoin, and other companies create their own blockchain, this would affect the price of bitcoin in the near future?

Depends if they put their coins on the exchange. It needs to be traded against something and the number 1 pairing is with bitcoin. Unless they somehow get listed on coinbase - very unlikely!

[bananaunana]

all the companies in the world are beginning to use the blockchain technology but none of those companies have bought bitcoin, and other companies create their own blockchain, this would affect the price of bitcoin in the near future?

Proof? Bitcoin is already accepted for some payments and if the improvement by the lightning network affects Bitcoin in a positive way, there should be plents reasons to accept Bitcoins.

Or did I get you wrong? Do you mean all the shitcoins claiming to be the new Bitcoin? There might be good ones, but 99 percent of all Altcoins will be useless in the long term. The big amount of ICOs can affect Bitcoin in short term due to weak hands selling, but not in long-term.

[stimliall]

Blockchain technology itself can not be tampered with, can be traced back, permanent preservation, these features can be applied to many scenes!
For example, banks can use blockchain technology for bookkeeping! The blockchain builds a network of trustworthy values that will bring more changes to people’s lives.

[Meysa_richa]

It is true that many companies currently use Blockchain technology and rarely use or buy bitcoins and this is very influential with price increases, and if the company buys bitcoin I think it will have a good effect on bitcoin increase.

[squatter]

all the companies in the world are beginning to use the blockchain technology but none of those companies have bought bitcoin, and other companies create their own blockchain, this would affect the price of bitcoin in the near future?

A lot of these companies may find out, in time, that blockchains aren't suited to their purposes.

I could see private blockchains being useful in finance for settlement, where federated consensus (among the involved parties) is sufficient. There are probably other similar uses where such trust models may work, where a private blockchain could cut middlemen/intermediaries out of the process and therefore lower costs. But I think a lot of the hype around private blockchains is overblown. Federated consensus may also allow attacks that are not yet well understood from a game theory perspective.

At the end of the day, it's important to recognize that public and private blockchains serve very different purposes, and the use cases served by the latter are not clear. Public blockchains are highly inefficient and only necessary where trustless validation is required -- sound money, censorship resistance. And private blockchains are not trustless because there is no mining incentive to encourage honesty.

[r32godzilla]

We must first understand that blockchain is the technology in which bitcoin works and most of the governments as well as banks too have realised the true potential of blockchain and benefits in using it.So they have adopted blockchain and not bitcoin.

[gobingo]

It's true that many companies use blockchain without buying or using bitcoins, and this will inevitably result in a decrease or the increment of bitcoin price increases, and they should also use bitcoin to transact.

[monkeydominicorobin]

all the companies in the world are beginning to use the blockchain technology but none of those companies have bought bitcoin, and other companies create their own blockchain, this would affect the price of bitcoin in the near future?

Companies are using the blockchain for all their database needs so there is somewhat a misinformation with regards to what you have stated. Bitcoin on the other hand invented the blockchain technology that these companies are exploiting for their enterprise. So they may not be using Bitcoin but they plagiarized the technology that Bitcoin has created  9 years ago. Besides the moment companies started jumping into blockchain technology is the exact same moment when they adopted Bitcoin. They may not be using Bitcoin but they are turning blockchain technology into a cash cow. Which I repeat, was invented and popularized by Bitcoin.

[BigWinner87]

unfortunately for us that invested in Bitcoin they only want to get benefits from Blockchain techlogies!

[bigmaster23]

all the companies in the world are beginning to use the blockchain technology but none of those companies have bought bitcoin, and other companies create their own blockchain, this would affect the price of bitcoin in the near future?

it could be, we see that blockchain tech, was far more suitable to use in some algorithm at security to narrow the problem, hence a company. not only that blockchain was responsible for transaction of bitcoin, blockchain itself have its own unique credibility to influence company using it and by that were no longer can sustain our belief to the stability of bitcoin in the near future, now and then bitcoin chart fluctuates never give us a DILDO in a run, this will make investor sell their bitcoin as the market movement give them nothing but dumping.

[nightmanisrightman]

It will effect it but we won't know how exactly. I think the changes will be positive because the more people that learn about blockchain, naturally will learn about Bitcoin. All of them may not invest but if only a small portion say 10% of them invest then this is a net positive. I doubt all 100% people who learn about blockchain will not invest in Bitcoin, seems highly unlikely.