Is blockchain a perfect solution?

[A L I E N]

I believe blockchain is a very promising technology that we can rely on as of the moment. But we are not sure in the future because maybe in the future, someone will be able to come up with another technology that will be better that blockchain. As for now, I can say it's not a perfect solution because nothings perfect, everything has it's downside.

Yes, today, blockchain can decide many problems and some people call it the perfect decision. We do not know anything about the future - probably, the new technologies, better than this one, will appear.

[LUCKMCFLY]

We live in a world where our online IDs are in the hands of the government and banks, and we rely on them to keep it secure. Blockchain IDs on the other hand, put you and you only in control. Therefore, you can store all your passwords and any other personal information on the blockchain, eliminating the need of passwords in everything. In the future, these ID services could be applied to government services, medicines and any other record keeping agency.

Blockchain system exist to combat greed and middlemen and to give individuals ultimate control of their identity and activity. In a blockchain future, we will see a world where our medical records are immediately available if we are in an accident; where online voting was possible; and where transparency was paramount and greed is disincentivized.

I think that if it is the perfect solution, not only for the things that OP announces, it is also a technology that should be applied for all political elections in the nations, I do not believe that there is any other technology superior to this one so that cheating is never allowed. , many systems claim to be the most transparent, but I think none can match the incorruptible capacity of Blockchain.

Fast transactions, ease of transactions, everything is usable by blockchain, in fact there are many Blockchain-based projects that always provide systems progress to some processes, there are elements in the systems that are easily recoverable and increase their capabilities if they are applied Blockchain technology, if the payment systems in supermarkets were made through the purchase of tokens or coins, payments would be done instantly using technology, eliminate all possible queues, it is much better than the RFID systems that have been something polluting by the electromagnetic emissions that produce such rays.

This is just one example of the multiple technologies that can be improved, so the ability to acquire blockchain depends on the desire of people to generate more progress.

[Reosta_]

I am not sure about whether Blockchain will be a perfect solution or not. But I know that Blockchain has a very big potential in itself and it will be a better solution for so many fields.

[jhonjhon]

I believe blockchain is a very promising technology that we can rely on as of the moment. But we are not sure in the future because maybe in the future, someone will be able to come up with another technology that will be better that blockchain. As for now, I can say it's not a perfect solution because nothings perfect, everything has it's downside.

Yes, today, blockchain can decide many problems and some people call it the perfect decision. We do not know anything about the future - probably, the new technologies, better than this one, will appear.

I agree, most especially now that our technologies are keep on advancing and people are so fun of exploring on things one might be able to create another technology that could be a better solution than blockchain. I guess it is still to early to conclude that blockchain is the perfect solution.

[hen cet]

It is really good that you pushed in to specific because I was about to misinterpret this thread. If you're going to talk about security, I am 99% sure that this is going to be the best solution in this generation of technology. Blockchain enables you to have great control over your security like passwords. The 1% thing that is left are the threats that could be done that we really don't know.

Blockchain is a technology system that is carried out in a decentralized manner so that implementation in the company will create very strict efficiency and control because monitoring is carried out simultaneously in a short chain, so that if something goes wrong, it can be immediately recognized and corrected.
In addition, the use of blockchain removes servers centrally, so they cannot be hacked or manipulated for someone's benefit. All data is open, all employees in one division can support each other for the progress of the company.

[iqlimasyadiqa]

Blockhain is a technology that is so extraordinary and has such a good function. now many sectors have recognized it as a solution to various problems. blockchain is a technology and with technology, the progress of the era can be used as a bridge to a much better era. so in my opinion blockchain is the right technology to support a much better life.

[martychubbs]

Yes I think that was the ultimate aim of blockchain. It would be really great to live in such conditions and be independent from those who try to count our money.

[MakeMoneyBtc]

A perfect solution does not exist because people will always find ways to cheat the system regardless of the level of security they have to break. Blockchain might not be the perfect solution but as it stand now I think it is the best solution for the security of our money and identities. Of course like everything else there is still some improvement and adjustments we need to make but right now it's definitely better than what the governments are using.

[7788bitcoin]

Yes, today, blockchain can decide many problems and some people call it the perfect decision. We do not know anything about the future - probably, the new technologies, better than this one, will appear.

The main solution blockchain solved is the double spending problem and it is a revolution that was bugging the community for a long time when it comes to digital currency, the possibility is enormous and even now major mainstream companies are investing their time to explore about the possibilities and with time we will see many solutions with the development of blockchain. If the real developer behind blockchain would have stayed longer we would have major updates and solutions by now, but he disappeared before that without exploring the next stages and that is a real bummer.

[Huntler1993]

There is nothing perfect in this world, that is why as time goes on there are new inventions which comes to beef up old stuff. We don't know the next technology that might come up some years to come but the blockchain technology is one of the greatest technology that has evolved in our generation making transaction easier and faster and the store of data like never before.

[Rufsilf]

A perfect solution does not exist because people will always find ways to cheat the system regardless of the level of security they have to break. Blockchain might not be the perfect solution but as it stand now I think it is the best solution for the security of our money and identities. Of course like everything else there is still some improvement and adjustments we need to make but right now it's definitely better than what the governments are using.

I agree, there's always room for improvements and as far as blockchain technology is concern it has proven to have helped in securing our money and identities for years now. I think blockchain the best solution for now but we don't know yet in the coming years, maybe someone will create another technology better that blockchain.

[Wingo]

We live in a world where our online IDs are in the hands of the government and banks, and we rely on them to keep it secure. Blockchain IDs on the other hand, put you and you only in control. Therefore, you can store all your passwords and any other personal information on the blockchain, eliminating the need of passwords in everything. In the future, these ID services could be applied to government services, medicines and any other record keeping agency.

Blockchain system exist to combat greed and middlemen and to give individuals ultimate control of their identity and activity. In a blockchain future, we will see a world where our medical records are immediately available if we are in an accident; where online voting was possible; and where transparency was paramount and greed is disincentivized.

Maybe you are talking about a blockchain based storage where the fingerprint of the data (a very tiny amount of data) that stored in a separate storage location is recorded on the blockchain, this keeps the data safe. It is very inefficient to make blockchain a storage for large files, the nodes will have trouble verifying all the data as it will take time. The best application is the online voting, this will keep corruption and internal manipulation away from the process. On the blockchain based IDs, I can only see it as a tool to verify the data, the information of in the ID can be verified on the recorded data fingerprint on the blockchain, again this ensures that the said identification data is legitimate.

[n0ne]

A perfect solution does not exist because people will always find ways to cheat the system regardless of the level of security they have to break. Blockchain might not be the perfect solution but as it stand now I think it is the best solution for the security of our money and identities. Of course like everything else there is still some improvement and adjustments we need to make but right now it's definitely better than what the governments are using.

I agree, there's always room for improvements and as far as blockchain technology is concern it has proven to have helped in securing our money and identities for years now. I think blockchain the best solution for now but we don't know yet in the coming years, maybe someone will create another technology better that blockchain.

At this moment blockchain technology takes the lead and has provided with efficient solution wherever it is used. As days pass things will go digital and the need for advancement too will increase. By that time we can expect things to get growing bigger and better with improvements or a technology beyond blockchain technology.

[AndreyVen]

Bitcoin comes close to being a miracle that is happened. It is also the first ever software which can't be shut down once it got released and executed, think about that. 

[reality18]

Since we are in an era where Information technology is the major trend, Blockchain is a perfect solution to all related activities of information in terms of information handling, management, recording, etc. The digital distributed Ledger of the Blockchain technology can be utilized by almost every firm, business, company etc to manage data and information.

[Alpha0One1]

Blockchain or a public distributed ledger technology can really solve a lot of existing real world problems:
1. Near real-time trading, clearing and settlement of assets (land titles, stock ownership, etc).
2. Crypto currencies for almost frictionless transfer of value to another entity/person to anywhere in the world, anytime.
3. Identity protection in the blockchain
4. Traceability of goods in the blockchain
5. Democratic voting using blockchain.

These are just some of the real world application. Cryptocurrency is just one of it's major application.

[sngwinner]

The blockchain technology is very great and can perfectly improve several areas of human life. I don't agree with the fact that, it is a perfect solution. However, it is more efficient than the existing solution

[denzkilim]

We live in a world where our online IDs are in the hands of the government and banks, and we rely on them to keep it secure. Blockchain IDs on the other hand, put you and you only in control. Therefore, you can store all your passwords and any other personal information on the blockchain, eliminating the need of passwords in everything.

Banks and government cannot keep your ID's and personal information safe because anything can happen and they might get hacked someday and all of the information you sent or given to them be stolen by hackers if their system is breached.
Here take a look at the meaning of blockchain from google.

Blockchain isn't and can't be used to store passwords.

that is not how blockchain or banks or government work! none of them have anything to do with "passwords and personal information"! banks hold and control your money, and governments snoops around in your personal affairs. and blockchain is just a public ledger that holds transaction history protected by cryptography. it is not supposed to hold your passwords or personal information.

That's correct, I think he didn't know what is the purpose of blockchain and its cryptography.

[freedomonk]

unless a better secure contract algorithm is being replaced blockchain is the solution of today. 

[yongki39]

Yes I agree with you, maybe this is everyone's solution to the future with the Blochain, all that has to be done is to combine them all and let the government embrace its people ..