Blockchains will create a better world

[marinavepa]

Blockchain will play a very influential role in the world, helping the global economy grow to a new height. Currently, blockchain is applicable in many areas and helps countries solve their problems.

[gokudera]

Blockchains allow frictionless, fast, safe, and fair transactions between parties worldwide. They limit the ability of parties to benefit at the expense of the greater economy. They allow integration of the entire world into a fair and level economic playing field. And will help us to create the fair, honest, efficient, and safe world we all want to live in – says Paul Snow, CEO at Factom.com, in Bithub.pl’s #SundayInterview.

Is blockchain a breakthrough technology that can bring transparency to every aspect of social and political life? Or such a statement would be too far-fetched?

Blockchain represents a more secured and safer way of storing an amount of currency, in social aspects the efficiency of bitcoins tells that any person can use it but with a knowledge of circulating around the world of crypto currency.

[BagzMM]

In my opinion, blockchain could create a better world if everyone could used in a good way and it would be upgrade for technology keeps advancing.

[Malam90]

Yes, blockchain has already created the world's financial transactions more easier than before. It is the pioneer also. Now more and more banking sectors are engaging with blockchain technology. There is no cheating, robbery in way of transactions. It is faster and safer than traditional methods.

[NorihiroName]

I'm absolutely sure in the same thing - blockchain technology was invented because fiat money started lacking functions for the modern society.

[A L I E N]

block chain is the new creation in transaction of things/money/buy things etc. it could create an evolutionary impact in the the field of business/banking system and easy access to anything from any where in the world. access of everything from any where could be easy for all the peoples of the world that is why this technology should be accepted by any country.in view of my opinion block chain could create a better world because its having secure and easy access.

I have no doubt that the cryptocurrency and the blockchain technologies will create the better life, they will change it the way like the Internet once changed it. Now, many great companies start using blockchain.

[meritbygrace]

I have the believe that blockchain technology is going to change the world as we know it. It’s not just about cryptocurrency anymore, because blockchain isn’t only a financial tool.

[mmo4me.2016]

Blockchain is just another tool, a better world needs surveillance and operation system! Blockchain is a good technology if it is developed and properly oriented

[shamlatech]

The blockchain technology is a milestone in the digital era that makes the world a better place for us to live in. It opens doors to faster and more efficient transactions. Blockchain is seen anywhere and everywhere today and this widespread popularity stands as a testimony to the kind of security it extends. It is all the more transparent creating a stronger trust base for the service providers and customers.

[Nickcerny]

Yes, agreed. Blockchain will definitely create a better world in the near future.

[lobster88]

Yes definitely it is! The future will be in the goodness of the blockchains that will create a better world in the future.

[signup01]

Most people associate blockchain with crypto currencies, but the technology is not limited to exchanging money and can be applied to almost all areas of our lives.

you are right what you say is that many people always interpret blockchain as cryptocurrency even though it is a digital economic system that uses technological development

[MAJICOIN]

Just like blockchain improved the people lives by giving them hope for success in life so from this we can say that blockchain will create a better world and not a single person but it will be useful for all of us. Blockchain technology is Internet based and where ever Internet available it will be useful to them and all the world can be connected through this technology all the transaction of the trade will become more easy.

[happyme1818]

Blockchains allow frictionless, fast, safe, and fair transactions between parties worldwide. They limit the ability of parties to benefit at the expense of the greater economy. They allow integration of the entire world into a fair and level economic playing field. And will help us to create the fair, honest, efficient, and safe world we all want to live in – says Paul Snow, CEO at Factom.com, in Bithub.pl’s #SundayInterview.

Is blockchain a breakthrough technology that can bring transparency to every aspect of social and political life? Or such a statement would be too far-fetched?

Blockchain is a breakthrough technology that can bring transparency to everyone that is why the government hate it. Just imagine a government with transparent transactions every single day. Those shady transactions is hard to cover. Corrupt officials will be lessen and politicians would think first before they candidate for election.

[Andrey995]

There are a lot of areas where blokchain can create better conditions of many people I mean shopping and other customer services

[elliuut]

Blockchain technology is useful but I wouldnt consider it creating a better world.

[Shannon98]

Blockchain will definitely create a better world as it provides transparency, the mechanism is designed to make everyone accountable, ensuring that there's no missed transactions or machine errors!

[globalpain]

Blockchain will definitely create a better world as it provides transparency, the mechanism is designed to make everyone accountable, ensuring that there's no missed transactions or machine errors!

this rule collides with government economic sovereignty where they still maintain privatization in making and determining decisions in the legal economic system so far, but you are right because the blockchain will erase all forms of fraud and narrow the space for corruptors and make the country's system better.

[wxa7115]

I'm absolutely sure in the same thing - blockchain technology was invented because fiat money started lacking functions for the modern society.

That is not the reason satoshi created the technology behind bitcoin, he did it because he saw that the current system is manipulated to benefit the banks and the different governments around the world, this doesn't mean that bitcoin is going to eliminate all the problems that comes from having people that are very powerful, but at least they will be a unable to manipulate the system as much and that is very important because that means that a person that is smart can become very wealthy as well.

Something that is becoming more and more difficult as social mobility is discouraged by all the systems put in place by the governments to limit that, that is the way in which bitcoin and the blockchain can help the economy.

[max fray]

Blockchains allow frictionless, fast, safe, and fair transactions between parties worldwide. They limit the ability of parties to benefit at the expense of the greater economy. They allow integration of the entire world into a fair and level economic playing field. And will help us to create the fair, honest, efficient, and safe world we all want to live in – says Paul Snow, CEO at Factom.com, in Bithub.pl’s #SundayInterview.

Is blockchain a breakthrough technology that can bring transparency to every aspect of social and political life? Or such a statement would be too far-fetched?

The key word in your post is "transparency", which is a distinctive characteristic of blockchain.
With regard to traditional banking - is there any chance to track the transactions of other players on the market? With blockchain everything is transparent, all the recorded info stays there and nobody can ever change it.