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Author Topic: Is blockchain a perfect solution?  (Read 2040 times)
Little_king
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May 23, 2019, 05:19:03 AM
 #141

Blockchain is changing the face of every data base and how to manage your affair with no one knowing what you are in to as a decentralized business and transaction.

We still kind of in centralized system of blockchain as many exchange still collect data to know who is behind the funds in that wallet but you can also keep your funds away from them and store it in a wallet that you control the keys.

Blockchain is solving most issue and is here to stay for more issue solve.

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May 24, 2019, 12:54:45 PM
 #142

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.
There is no doubt that the blockchain technology is the most advanced and developed technology ever found on this planet. There are thousands of innovations found in the blockchain tech daily making them immortal and long lasting. Blockchain might be a perfect solution for all the advanced techniques and I am sure that in some coming years we can see impossible turning possible only because of the blockchain technology.

Everyone might be having faith in the government of their country but the government is not stable and keep on changing as per the year changes so we cannot really depend on the next coming government to keep our identities safe which is completely opposite in terms of blockchain.
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May 25, 2019, 07:54:02 AM
 #143

Maybe blockchain is the solution to all the problems that exist in this world, from the banking industry to agriculture, but we still don't know because blockchain technology is still limited
I am 100% damn sure that blockchain is the solution for various issues and problems. Blockchain technology can make the world a better place with the modern means of transactions. Blockchain has each modern and advanced techniques which if implemented with the major industries can make them work more consistently. I think that majorly the banking systems are in need of the blockchain techniques as blockchain would make the banking experience more faster and secure with would maximize the growth of banks implementing blockchain into their circulating systems. Even as you say, agriculture can be made most advanced with blockchain as well as the goods grown can be sold in the international markets giving multiple times benefits as we are having now.
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May 25, 2019, 08:03:41 AM
 #144

Maybe blockchain is the solution to all the problems that exist in this world, from the banking industry to agriculture, but we still don't know because blockchain technology is still limited

How can you say that blockchain technology is limited ? i think its not bannable but only cryptos are   . Blockchain technology is different from a crypto because blockchain is not a currency and there is no restriction from it  . How can someone restrict or resist the usefullness of this technology ?  It can solve lots of problems and one that i think the best use for blockchain is for government election so that no one can modify the data not even a good hackers . This can clear out the cheaters   
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May 25, 2019, 03:30:51 PM
 #145

Blockhain is a very good technology and has amazing functions. But it is better than the current system, and surely there will be a better solution than Blockchain in the future. But one thing that is sure is that blockchain technology is ideal for cryptocurrency.
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May 25, 2019, 05:52:19 PM
 #146

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.
Yes, the new technology will really destroy corruption and will significantly change the life of every person.Yet using this technology, the world must be a better place.

   
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May 26, 2019, 06:35:40 AM
 #147

Blockchain technology is a perfect tool in the financial industry because of the high level of transparency it provides but the greed of men has led it being used in other industries in the world hence the numerous and baseless ICOs that are spamming the cryptosphere.




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May 26, 2019, 04:32:28 PM
 #148

Blockchain is changing the face of every data base and how to manage your affair with no one knowing what you are in to as a decentralized business and transaction.
We still kind of in centralized system of blockchain as many exchange still collect data to know who is behind the funds in that wallet but you can also keep your funds away from them and store it in a wallet that you control the keys.
Blockchain is solving most issue and is here to stay for more issue solve.
The fun fact is that there is no perfect decentralized solution as someone will be collecting data one way or the other. the exchanges are collecting all the user data and yet they are not regulated by any government, a few may be regulated in some parts of the world but the majority of the exchanges are not regulated, block chain will solve some major issues when it comes to securing data.
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May 26, 2019, 07:28:32 PM
 #149

Blockchain may have hitches but is near perfect solution. Providing answers to what most traditional system in our finance, agriculture, data management, health ,etch couldn't solve. Blockchain coupled with Internet of things and Artificial intelligence is going to make our future so easy.

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May 28, 2019, 07:10:53 AM
 #150

I think blockchain can disrupt the foundations of all industries. The use of blockchain technologies will most likely indicate a new development path in order to make services global, transparent and convenient not only for their founders, but also for users.So, yes, I think blockchain is a perfect solution
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May 28, 2019, 07:25:00 AM
 #151

Now a total restructuring is taking place in the community. See how many merchants use blockchain, medical and educational institutions are interested in technology to facilitate the process of authenticity control and improve communication. Blockchain is already everywhere and it does not cause destruction, only a paradigm shift
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May 28, 2019, 07:46:33 AM
 #152

I think that the blockchain allows you to take a fresh look at the rules of the game on the market, so that companies also think about the convenience of the service and its transparency. Blockchain is a unifying structure that is suitable for many industries. But due to the insufficient distribution of good educational services, not all people understand how the blockchain works and how they can modernize their projects and make their work more efficient.
I agree with you. Blockchain is the technology of the future. And so that more people understand its importance, it is necessary that new platforms appear where a user of any country could get acquainted with the technology. Taklimakan is an educational base, starting with the basic concepts of the blockchain and cryptocurrency, ending with advanced courses and tips for traders. Of course, people we are lazy creatures, but when the material is fed in a light form, it is easily perceived. The more educated people, the closer we get to the time when the blockchain technology will be implemented in all spheres of life.
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May 28, 2019, 07:49:50 AM
 #153

I think that the blockchain allows you to take a fresh look at the rules of the game on the market, so that companies also think about the convenience of the service and its transparency. Blockchain is a unifying structure that is suitable for many industries. But due to the insufficient distribution of good educational services, not all people understand how the blockchain works and how they can modernize their projects and make their work more efficient.
I agree with you. Blockchain is the technology of the future. And so that more people understand its importance, it is necessary that new platforms appear where a user of any country could get acquainted with the technology. Taklimakan is an educational base, starting with the basic concepts of the blockchain and cryptocurrency, ending with advanced courses and tips for traders. Of course, people we are lazy creatures, but when the material is fed in a light form, it is easily perceived. The more educated people, the closer we get to the time when the blockchain technology will be implemented in all spheres of life.
If you take globally the industry as a whole, I understand why the use of the blockchain is not yet frequent and not regulated. sounds strange, but these technologies can be considered a means to control honesty. since the chains are unchanged and allow you to build a transparent relationship system, this can help reduce corruption. Not everyone wants it
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May 28, 2019, 10:15:15 AM
 #154

The blockchain's ability to eliminate third parties so that it creates a fast, easy and inexpensive transaction process is the reason for rising market demand for this technology in addition to the security factor in transacting online..
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May 28, 2019, 10:25:23 AM
 #155

Blockchain would be even a better solution to all current problem if it was less limited
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May 28, 2019, 10:32:11 AM
 #156

The blockchain's ability to eliminate third parties so that it creates a fast, easy and inexpensive transaction process is the reason for rising market demand for this technology in addition to the security factor in transacting online..
Yes, those things are offers by blockchain system, it will helps the industry and brings innovation with this current working system around, if this one can be maximize everything will be lifted by this new offered chain, is perfect for those who's keen to maximize the use.

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May 28, 2019, 11:01:30 AM
 #157

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.
Of course, cryptocurrencies give more freedom to their owners. They were conceived to bring to the market unique currencies that are less dependent on governments and banks. Therefore, they received such popularity and at the same time received a strong rebuff from the governments of various countries.
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May 28, 2019, 09:25:30 PM
 #158

No it's not perfect, but it's better than the system we have currently, and quite sure there will be a better solution than Blockchain in future.

Agree. Blockchain being a robust system that's secure and efficient for ensuring integrity of transactions, still has many flaws on it. These flaws are being improved over time, but the process is somewhat slow. Of course, Blockchain technology has gone far with the inception of Bitcoin since 2009. Sending money over the world is now much faster and cheaper than it was before. Centralized financial institutions are reliant on an obsolete system which is slow, and expensive. Banks, governments, and other entities have realized this, studying the Blockchain more thoroughly.

Given the benefits that Blockchain technology provides, it could be the system of the future that powers not only our economy, but also our transportation, identities, and more. It seems to be the solution for almost anything on our lives, bringing a new era that was never seen before. While Blockchain is not perfect, it's bound to become better each day.

Nonetheless, Blockchain is a great solution for most but is not meant to be used for everything. In areas where Blockchain don't fit the most, other means will be used in the mainstream world. Just my thoughts Grin

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Sovryn


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May 29, 2019, 03:20:18 PM
 #159

Blockchain is today's competitive alternative to traditional methods of transactions through banks and others, the main advantage of blockchain is the transparency and decentralization of payments.That's the future.

markcryptoexpert
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May 29, 2019, 03:32:19 PM
Merited by adeeshaa (1)
 #160

Blockchain is today's competitive alternative to traditional methods of transactions through banks and others, the main advantage of blockchain is the transparency and decentralization of payments.That's the future.

It is true but real decentralized network needs efficient equipment so costs are to high for now.
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