Do we need blockchain technology?

[akram143]

I believe your concern is right but blockchain is also a new and useful technology in some aspects. The main feature about blockchain technology is about the cryptography, how the technology helps secure the transactions, data, record keeping or security. The technology is not mature yet while it may not be applicable to all the applications or service sectors too. The decentralised network is an alternative way in transactions or other actions other than the centralised.

If we want our future will be well developed and our economy will be more powerful than cryptocurrency field will definitely plays an important role but in the situation cryptocurrencies are not you are not accepting cryptocurrency as the economic changes but I am hoping the future will be the cryptocurrency economy

[Temptaz]

one of the best/simple applications imo would be voting but that doesn't necessarily bring any value to btc or whatever blockchain handles the authentication of voters.

[d0flaming0]

the main factors of block chain technology are security and privacy in which blockchain brings within itself the concept of privacy. It is able to provide privacy to its users effectively because of the highly encrypted network it provides. with the help of block chain technology transmission of information in case of any discrepancy or criminal activity, there is nothing that can be done.

[greeklogos]

We may count all scammy projects based on Blockchain as parasites which are impossible to remove. In every big thing there are such cheating stuff, the internet, for example, is generally full of it. We just can't escape, it is simply in human's nature to cheat.
From the other side Blockchain as technology already showed itself from the good side. And if politics are sceptical about cryptos they both hands vote for the Blockchain technology. And yes, we need it.

[wuvdoll]

We may count all scammy projects based on Blockchain as parasites which are impossible to remove. In every big thing there are such cheating stuff, the internet, for example, is generally full of it. We just can't escape, it is simply in human's nature to cheat.

Not just in big thing, even with small innovations, there will be some scammer and robber to hunt down the people who are all vulnerable by any means. Hence, there will be no use of counting on scamming projects and scammers. It is just part of every system so part of blockchain based systems too. Moreover, this is not at all an aspect when we are considering about the revolution of blockchain technology. This technology will evaluate on its own way regardless of this kind of factors.

From the other side Blockchain as technology already showed itself from the good side. And if politics are sceptical about cryptos they both hands vote for the Blockchain technology. And yes, we need it.

Where there will be a need of efficient data management against counterfeiting and keeping track of data changes, blockchain based systems has proved as the most efficient and secured way of data management system. Different applications of blockchain based system will be adopted by all data related business in near future regardless of what will be the stand of government on it.

[@prashant]

Yes we need decentralized solution for variety of problem,As we undergoing various data breach problem.but now adays there so many ico on things that are not required to be decentralized but still they are doing it in Hope of raising funds for them,that is not good solution, despite that we need blockchain mainly in social network and government authority so that we can minimize the misuse of data.

[MFahad]

Yes we need decentralized solution for variety of problem,As we undergoing various data breach problem.but now adays there so many ico on things that are not required to be decentralized but still they are doing it in Hope of raising funds for them,that is not good solution, despite that we need blockchain mainly in social network and government authority so that we can minimize the misuse of data.

Blockchain technology is very vast and it is not only related to bitcoins. Many people think of blockchain is bitcoin which is wrong. Blockchain is a decentralized solution and it can be implemented in organizations and much more. Bitcoin is based upon blockchain technology. If we use blockchain in other fields too then we can get benefits like transparency and even corruption can be avoided.

[whirlcoin]

Yes we need decentralized solution for variety of problem,As we undergoing various data breach problem.but now adays there so many ico on things that are not required to be decentralized but still they are doing it in Hope of raising funds for them,that is not good solution, despite that we need blockchain mainly in social network and government authority so that we can minimize the misuse of data.

Blockchain technology is very vast and it is not only related to bitcoins. Many people think of blockchain is bitcoin which is wrong. Blockchain is a decentralized solution and it can be implemented in organizations and much more. Bitcoin is based upon blockchain technology. If we use blockchain in other fields too then we can get benefits like transparency and even corruption can be avoided.

We definitely need cryptocurrency development and Technology as a part of our self because if it  not happening to our life we don't have an opportunity be here and and much more money so this technology will need more improvement then today and people will definitely support for this.

[Cosbycoin]

Hello everyone.

When I see there are too many ICO and shitcoins on novaexchange. I keep asking myself: do we really need blockchain technology?

In case of Bitcoin. Of course, I agree.
What about ETH? I agree too.

But, have a look at the others on the market. I don't even know why should people use their service. There is no real use in real life.

An ad management system on blockchain? - We already had Google Ads & Facebook Ads.
A social network on blockchain? (steem) - Do we? I don't see anything but a centralized forum hosted on a random hosting using its currency to pay for the writers.

There are too many projects  that we don't really need it on blockchain.

Sometimes, I think there is a black swan (Blockchain is useless in real life) lurking around.

Just because other coins are shitcoins and scams doesn’t mean we don’t need blockchain anymore . There are lots of things people believe that you can still do with blockchain technology.

And no one forced you to make use of shitcoins, it’s all your choice, you can choose to be making use of BTC and eth alone. It’s not a must to use other coins. I don’t even have time for most altcoins in the market, my favorite has always been BTC ,eth and xrp.

[fiomcorka]

Hello everyone.

When I see there are too many ICO and shitcoins on novaexchange. I keep asking myself: do we really need blockchain technology?

In case of Bitcoin. Of course, I agree.
What about ETH? I agree too.

But, have a look at the others on the market. I don't even know why should people use their service. There is no real use in real life.

An ad management system on blockchain? - We already had Google Ads & Facebook Ads.
A social network on blockchain? (steem) - Do we? I don't see anything but a centralized forum hosted on a random hosting using its currency to pay for the writers.

There are too many projects  that we don't really need it on blockchain.

Sometimes, I think there is a black swan (Blockchain is useless in real life) lurking around.

Bitcoin and other cryptocurrencies runs on the Blockchain, so as long as we still need Bitcoin and others, then we still need Blockchain. Unless you mean apart from cryptocurrency what else we need it for? I don’t really know for sure but I have seen people mention a lot of things that can be done with blockchain, but some of them are funny and doesn’t seem like what Blockchain can really do. But I’m not going mention any for now.

[Kemarit]

Hello everyone.

When I see there are too many ICO and shitcoins on novaexchange. I keep asking myself: do we really need blockchain technology?

That's a shitty exchanges, obviously you will see a lot of shitcoins.

In case of Bitcoin. Of course, I agree.
What about ETH? I agree too.

Well, Bitcoin is the first real case of Blockchain so again its obvious that it proves that Blockchain is the new technology that can at least help a lot of sectors globally.

But, have a look at the others on the market. I don't even know why should people use their service. There is no real use in real life.

An ad management system on blockchain? - We already had Google Ads & Facebook Ads.
A social network on blockchain? (steem) - Do we? I don't see anything but a centralized forum hosted on a random hosting using its currency to pay for the writers.

There are too many projects  that we don't really need it on blockchain.

Sometimes, I think there is a black swan (Blockchain is useless in real life) lurking around.

Don't generalized things, instead of complaining why don't you look at the positive side the Blockchain can do the society. Someone mentioned voting system, but didn't provide any link so here is one:

(https://bitcointalk.org/index.php?topic=5077188.0)

Yes there might be project that really don't need this technology, but I'm sure they will be expose sooner than later.

[el kaka22]

Bitcoin and other cryptocurrencies runs on the Blockchain, so as long as we still need Bitcoin and others, then we still need Blockchain. Unless you mean apart from cryptocurrency what else we need it for?

Yes, I too believe this whole discussion is about what are the applications of having blockchain technology after cryptocurrencies. Because, even blockchain technology was innovated for hosting cryptocurrencies, many people started suggesting about making a use of blockchain technology in other sectors. But the real question here must be, why do we need to implement blockchain in those sectors and what are the changes effectively it will bring.

I don’t really know for sure but I have seen people mention a lot of things that can be done with blockchain, but some of them are funny and doesn’t seem like what Blockchain can really do. But I’m not going mention any for now.

I believe all the business/domain which are about basic database handling and about preventing duplication and counterfeiting then definitely may go for blockchain technology to have them more effectively and also in efficient way. Because, blockchain technology is all about having a database in decentralized manner. So, malfunctioning will be 100% prevented.

[imstillthebest]

no not really  . we dont really need a blockchain technology because our traditional technology is already enough to develop the economy of a country .  we already reach this new world and we can say that our lives are now greatly improved without the help of blockchain  but why not implement blockchain ? if it is really helpful and can provide more security , its actually  not bad to embrace it .

[leftgirly]

Certainly, we need blockchain technology and this is the future of the current technological revolution. But it is worth noting that blockchain technology goes beyond bitcoin and ethereum. Blockchain technology is a whole thing and the cryptos are fragments of it in plain terms.

[Visbay]

no not really  . we dont really need a blockchain technology because our traditional technology is already enough to develop the economy of a country .  we already reach this new world and we can say that our lives are now greatly improved without the help of blockchain  but why not implement blockchain ? if it is really helpful and can provide more security , its actually  not bad to embrace it .

Indeed it’s good time to accept blockchain because it has many benefits that no other wallet can give us. So it’s best wallet to have better safe and easy investment. With passing days people are being smarter that hacking is not a big deal for them so that’s why we should use proper and easy solution for it and that is one and only blockchain.

[Stedsm]

Hello everyone.

When I see there are too many ICO and shitcoins on novaexchange. I keep asking myself: do we really need blockchain technology?

In case of Bitcoin. Of course, I agree.
What about ETH? I agree too.

If you think that based on a shit exchange, you can review almost every other alt out there, think back. Bitcoin relies on its own blockchain, tokens rely on Ethereum's blockchain and only a few of them have got their own blockchain created by their devs. Blockchain technology doesn't rely on crypto, nor is it limited to the use of cryptocurrencies only but it possesses a wide use case when it comes to utilizing it. Blockchain is the only thing based on which the network is secure, so how can you say that blockchain is not needed here?

But, have a look at the others on the market. I don't even know why should people use their service. There is no real use in real life.

Well, such decisions are on based on a case-by-case basis whether they just want to keep it as an asset and when its value spikes, sell it off. It's true that at least 90% of the projects do not have any real life use case, but just as in the case of Gods, we've got castes and religions, I believe these alts work the same way by being shown to disrupt xx industry of a specific genre.

An ad management system on blockchain? - We already had Google Ads & Facebook Ads.

None of them have started till date to allow cryptocurrencies to be used as a mode of payment in order to advertise/pay advertisers there, so there's nothing wrong in having one I guess (unless the developers' and admins' intentions are to run away with people's money).

A social network on blockchain? (steem) - Do we? I don't see anything but a centralized forum hosted on a random hosting using its currency to pay for the writers.

Same point applies here, that they wanted to "disrupt" social media industry. I don't remember a name exactly but there used to be a social website I was a part of, which paid us in USD to use their services. What's wrong in having steem then?

Sometimes, I think there is a black swan (Blockchain is useless in real life) lurking around.

Have you ever given the mass pressure to your head and thought how difficult it would be for politicians to cheat if everything goes digital during voting? Blockchain has the power to do this, do you still think that manual reviews of votes with almost 99% cheating done are, by any means, trustworthy?

[UmerIdrees]

I believe your concern is right but blockchain is also a new and useful technology in some aspects. The main feature about blockchain technology is about the cryptography, how the technology helps secure the transactions, data, record keeping or security. The technology is not mature yet while it may not be applicable to all the applications or service sectors too. The decentralised network is an alternative way in transactions or other actions other than the centralised.

We should not limit block chain technology to crypto currencies only. Blockchain is a vast technology and can be applied to many fields of life. The best thing is that it is decentralized and we can use power of distribution rather than limited centralization.

[peter0425]

I believe your concern is right but blockchain is also a new and useful technology in some aspects. The main feature about blockchain technology is about the cryptography, how the technology helps secure the transactions, data, record keeping or security. The technology is not mature yet while it may not be applicable to all the applications or service sectors too. The decentralised network is an alternative way in transactions or other actions other than the centralised.

We should not limit block chain technology to crypto currencies only. Blockchain is a vast technology and can be applied to many fields of life. The best thing is that it is decentralized and we can use power of distribution rather than limited centralization.

Right, the issue for most newbies in this crypto sphere is that they think that this technology is for crypto only. There's a lot of usage, like in banks or other industries. So this technology is a must and companies or industries will just have to tailor fit the ledger for their usage and used the power of this technology.

[bitgolden]

Hello everyone.

When I see there are too many ICO and shitcoins on novaexchange. I keep asking myself: do we really need blockchain technology?

In case of Bitcoin. Of course, I agree.
What about ETH? I agree too.

But, have a look at the others on the market. I don't even know why should people use their service. There is no real use in real life.

An ad management system on blockchain? - We already had Google Ads & Facebook Ads.
A social network on blockchain? (steem) - Do we? I don't see anything but a centralized forum hosted on a random hosting using its currency to pay for the writers.

There are too many projects  that we don't really need it on blockchain.

Sometimes, I think there is a black swan (Blockchain is useless in real life) lurking around.

I think your question should be whether we really need cryptocurrency and not Blockchain, cause without Blockchain, cryptocurrency wouldn’t work and that includes the two you have just mentioned (ETH and BTC). So we need Blockchain, but there are lots of shitty cryptocurrencies in the market, it’s up to you to avoid them.

If you don’t want to be messing around with them, then you’ve got to stick with the top ten list which has Bitcoin, ETH, Tron, Ripple and the rest of them, cause these ones are much reliable than others.

[syamster]

I believe your concern is right but blockchain is also a new and useful technology in some aspects. The main feature about blockchain technology is about the cryptography, how the technology helps secure the transactions, data, record keeping or security. The technology is not mature yet while it may not be applicable to all the applications or service sectors too. The decentralised network is an alternative way in transactions or other actions other than the centralised.

We should not limit block chain technology to crypto currencies only. Blockchain is a vast technology and can be applied to many fields of life. The best thing is that it is decentralized and we can use power of distribution rather than limited centralization.

It’s already being use in so many ways not only in crypto currency. If you are you will find so many companies using blockchain as source of monthly allowance provider and some are using to save their data. Banks are also now adopting blockchain and they admire the reliable way to save money with the help of blockchain as it’s well developed technology.