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Author Topic: Not only bitcoin, blockchain can also be a business  (Read 167 times)
stompix
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August 02, 2018, 01:51:37 PM
 #21

Blockchain is just a database, it has tons of flaws and trade offs, it's not a world-changing technology.
Nope! Blockchain is not just a database. A database is stored on a central server meaning it is centralised meanwhile blockchain is distributed on several nodes making it decentralised. There is no one single authority over blockchain which makes it transparent.

That is the definition of a distributed database, which the blockchain is. Just stop it, the blockchain is not something magic that was just invented, it was meant to be exactly a database, a ledger of the transactions.

There is no one single authority over blockchain which makes it transparent.

What has transparency to with ownership?
Is Monero not running on a blokchain? Where is the transparency there?



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August 02, 2018, 02:05:15 PM
 #22

Who the fuck told you that bitcoin is a business? Blockchain is a technology, existing today all because of satoshi, the idealogy behind and the way people use blockchain is what makes it better than previously used technology. I wouldn't say that blockchain is a business, but its the backbone for certain businesses and if utilized properly can do wonders. People say quantum technology is better than the blockchain technology, but quantum is still under deep study. There are not many leads but that technology is powerful. Until quantum becomes the new world aspiring technology, blockchain will probably will go big. Blockchain can be used for almost anything, but people are more busy utilizing it for scamming others and not focus on world's economic and overall development.
I think Bitcoin can be used for business, Bitcoin is an online investment business that promises big profits. Bitcoin game is claimed as an online business game that can change a person's life for the better. Even so, All investment businesses are big risks, but also very likely to bring profits. It all depends on who arranges it and plays it.
You are right and I think they are happy with the risks and consider bitcoin as an investment and they dare to face this risk.
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August 02, 2018, 03:00:15 PM
 #23

Blockchain technology has been used extensively since the introduction of Blockchain. The data transmission does not require an intermediary to confirm the information. The Blockchain system has a lot of independent nodes
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August 02, 2018, 04:05:04 PM
 #24

Today, blockchain technology is more known as the technology behind virtual currencies such as bitcoin, ethereum, ripple, and so on. However, actually blockchain technology can be widely utilized to advance businesses and companies.

For example, Singapore is utilizing blockchain technology to assist in terms of business activities at the port. This technology can be utilized to shorten the waiting period of the ship or dwell time, also to verify transactions related to export and import.

blockchain technology can also be utilized by the banking industry and financial technology (financial technology / fintech). With this technology, the two financial industries can easily perform verification and payment transactions.

Nevertheless, not many parties who have not been able to ensure blockchain technology is commonly used by the banking industry. However, some of them also believe that the fintech company that uses the technology. Perhaps because this technology is closely related to virtual currency alias cryptocurrency, so many parties are doubtful with blockchain technology.

In addition, blockchain technology is also often questionable validity. In fact, blockchain technology is actually quite valid and secure. Just for information, blockchain technology serves to record transaction data. Transaction records are incorporated in many interconnected and secure blocks.

Blockchain technology is claimed to be potentially and suitable for recording multiple data, not just virtual currency. Business activities, transaction processing, documentation, to voting are assessed to be benefited when utilizing this technology.

Of course, I think that Blockchain is more important than Bitcoin because everything in the crytocurrency community goes inside blockchain. And we can not transact anything without it.
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August 02, 2018, 08:25:35 PM
 #25

Blockchain is the technology of the future.In the coming years, this technology will be used by many companies and States.Many have already evaluated the prospects of implementing this technology in their industries.While there is a period of formation.

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August 03, 2018, 03:42:50 AM
 #26

I think block chain is not completely a business indeed it is part of a business because it is a digital ledger which can be the transaction of bitcoin or any other cryptocurrencies where recorded in a chronologically and publicly.

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August 03, 2018, 08:53:44 AM
 #27

I do not think that blockchain is business. Blockchain is the basis for building a new generation project. This is a unique progress or a stage in the development of a new business.

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August 03, 2018, 10:27:38 AM
 #28

Today, blockchain technology is more known as the technology behind virtual currencies such as bitcoin, ethereum, ripple, and so on. However, actually blockchain technology can be widely utilized to advance businesses and companies.

For example, Singapore is utilizing blockchain technology to assist in terms of business activities at the port. This technology can be utilized to shorten the waiting period of the ship or dwell time, also to verify transactions related to export and import.

blockchain technology can also be utilized by the banking industry and financial technology (financial technology / fintech). With this technology, the two financial industries can easily perform verification and payment transactions.

Nevertheless, not many parties who have not been able to ensure blockchain technology is commonly used by the banking industry. However, some of them also believe that the fintech company that uses the technology. Perhaps because this technology is closely related to virtual currency alias cryptocurrency, so many parties are doubtful with blockchain technology.

In addition, blockchain technology is also often questionable validity. In fact, blockchain technology is actually quite valid and secure. Just for information, blockchain technology serves to record transaction data. Transaction records are incorporated in many interconnected and secure blocks.

Blockchain technology is claimed to be potentially and suitable for recording multiple data, not just virtual currency. Business activities, transaction processing, documentation, to voting are assessed to be benefited when utilizing this technology.
The only business I know you can do with Blockchain is mining (I mean you can do on Blockchain actually) and that requires getting your own miner and having a computer to do the job. Apart from that I don’t see any other business you’re doing on it, unless you mean Bitcoin, cause you can use Bitcoin as a payment method for your business, and with the help of the Blockchain merchant you can set up a way to receive payment from your customers. There is nothing else I think you can do.

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August 06, 2018, 06:16:55 PM
 #29

Blockchain is indeed a very good technology and can be used as a data management business or it can also be used for the business of recording transaction data etc. there are still many blockchgain functions that can be used for business.
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August 06, 2018, 07:35:13 PM
 #30

Today, blockchain technology is more known as the technology behind virtual currencies such as bitcoin, ethereum, ripple, and so on. However, actually blockchain technology can be widely utilized to advance businesses and companies.
Blockchain is a great tech and surely it's a lot more applicable than any specific cryptocurrency, including blockchain. I also remember a lot of cases in which govs were feeling negative about btc due to its decentralization and volatility, but encouraged blockchain adoption and research of its potential. Banking is just the most obvious use case. There is many kinds of data which would be crucial to get changed or hacked, so it could be put into blockchain. Not to mention specific use cases like Internet of things or blockchain forecasting.

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August 06, 2018, 07:57:11 PM
 #31

I completely agree with you. Blockchein technology can be used and used in many business areas. The technology blockchein can be widely used where it is necessary to openly and safely store large databases. Many ICO projects use this opportunity of blockchein technology and their new tokens connect the new possibilities of this technology with the economic realities of our life. At the same time, the Internet provides an opportunity to cover certain issues in a narrow sphere of human activity on a global scale. Although this sounds pretty pathetic, but it is. Therefore, the activities of ICO as a whole are very useful and their tokens will create comfort for our life. It will be possible to estimate this in 5-10 years, when these projects will work at full power.

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August 06, 2018, 08:58:29 PM
 #32

Blockchain is still young and developing and it encompasses various diverse areas of development. Anyone would fit anywhere in the crypto ecosystem and so I sode with you. This technology is a whole new business, in fact a whole new world on its own. And the good aspect about it is that it is taking a global perspective and being developed by people from various countries.
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August 07, 2018, 07:32:33 AM
 #33

I think block chain is not completely a business indeed it is part of a business because it is a digital ledger which can be the transaction of bitcoin or any other cryptocurrencies where recorded in a chronologically and publicly.
Blockchain is a technology and it is only assisting and giving support to crypto currencies which people are using for online businesses. Block chain do not have any direct concern with any kind of business.
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August 07, 2018, 07:39:59 AM
 #34

You should make a huge distinction between Good and Bad Blockchains, when you make statements like this. The good Blockchains will not be controlled by centralized authorities and it will not be private. A lot of these Blockchains will have their own token and they will not use the Bitcoin token. <So they will obviously not benefit Bitcoin, and will be our direct competition>

The "Blockchain" hype is just another masked attack on the dominance that Bitcoin has in this industry and this concept was hijacked by our competitors.  Angry  <Simply put, they stole the idea and made it their own>

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August 07, 2018, 09:11:11 AM
 #35

Blockhain is a technology with a good security system, of course this will be good if blockhain technology is used in the banking world. One positive thing is the system that will transparently carry out any transactions so that there are no third parties. In essence, records of transactions that have occurred, are stored by many computers scattered on the network itself. So it will be harder to hack hundreds or thousands of computers, and the chances are small for all the computers to experience interference at the same time.

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