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Author Topic: How blockchain technology is changing the world  (Read 462 times)
akeegan
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May 10, 2019, 04:48:00 PM
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 #21

More people are starting to understand the potential for blockchain. I think the biggest use case currently is supply chain management. I also think the mass adoption is going to take off in the world of gaming and NFTs.
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May 17, 2019, 03:09:13 PM
 #22

Blockchain technology indeed is very good and people can start using it in a lot of domains and also this simplifies the work need to be done, if there not was blockchain technology was much harder to store data for long time.

 
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May 17, 2019, 03:39:16 PM
 #23

If you search for top technologies in this generation, blockchain will also be on the top list. And because you can apply it in every innovation humans need. But right now, it is not yet that popular since there are only a few things where people choose to apply it. Whenever I ask someone about blockchain it is always a new word for them but surely we could advance further than that.

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May 17, 2019, 03:41:04 PM
 #24

Blockchain technology indeed is very good and people can start using it in a lot of domains and also this simplifies the work need to be done, if there not was blockchain technology was much harder to store data for long time.
Like what data can we store? or can we store personal data?

Blockchain for me is very important to adopt because it gives and keep all blockchains transactions where is having transparency in every transaction had. Aside from that, it makes our transaction so fast and easy to calculate even where are you located at.

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May 17, 2019, 05:48:23 PM
 #25

Unfortunately, the blockchain has not yet become mainstream. The technology is being studied, they are looking at it and are looking for areas where it can be applied to the benefit of the company. But I think that it will take at least another 5 years before the widespread introduction of the blockchain into different areas of life begins. But this is only on the condition that the blockchain will prove its advantage over other technologies and will be able to give tangible benefits to the companies that will implement it.

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May 17, 2019, 07:04:34 PM
 #26

Blockchain has been indeed the most emerged technology and is now paving its way to be the most leading technology cause why not? It has the ability to be tied up to the age of cryptocurrencies where blockchain members in a network can exchange it with goods and services. Blockchain has also taken-over the Health care industry. AfriHealth is proof to it, this is a mobile application where blockchain members can get insurance in just one click and is also very convenient cause it's downloadable across all devices with various operating systems and networks at no cost. This technology helps people to have equal access to health care and emergency medical facilities by the use of cryptocurrency and Provide Health Insurance using blockchain in the health insurance sector in Africa. Very convenient because you can find an ambulance in times of distress and book one right away, also can get Health insurance and view plans and then buy it right away. You are also able to buy medicines online and look for doctors or specialist surrounding your area through your mobile phone no need to go to every hospital near you. In this era, our health is also one of the things that we need to invest for, so this superior technology is what so far I can consider very helpful and shows that blockchain is really emerging in every industry existing not only in trading.
How blockchain technology is changing the world? I think blockchain technology nowadays is really trying to change the world with its finest and new technology in which they allow many people to used digital money like cryptocurrency and also allows some medical assistance to be paid by some coins or bitcoins, just like in afrihealth it is a blockchain technology who uses a to be more accessible and more good become more useful to others, because this afrihealth is a medical blockchain technology in which providing a medical solution for everyone.

As blockchain technology is getting more popular all over the world. A lot of people are now getting into cryptocurrencies that they are starting to like having crypto like bitcoin more than having fiat or physical money. As you have said, there are already Blockchain-Based health insurance service like Afrihealth that you can easily get an insurance by having just one click. By the help of this technology, people can purchase medicines and call an ambulance using cryptocurrency. It is a proof that blockchain technology is changing the world by saving a lot of time and less effort by having this kind of health insurance thanks to afrihealth.

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May 17, 2019, 07:22:05 PM
 #27

Blockchain technology has come to stay and it can only get better as time goes by and I believe it will still take over more industries, I think the earlier all world power embrace it the better for us all.
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May 27, 2019, 04:13:02 AM
 #28

Blockchain technology is used as an online record keeping ledger of verified, encrypted amount of data that can be stored in the form of chains. These block of chains is immutable and cannot be altered by anyone outside the network. The property of secured and unique feature attracts organizations to get involved in the technology making it crucial for industries to adopt it for their product development.
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May 27, 2019, 04:42:54 AM
 #29

Blockchain technology is changing the world and it is true that in the near future the crypto will be a universal currency. Like now bitcoin is the currency which have fast the online transaction and with out a barrier of countries people do trade of goods and services with the help of this currency useful through technology of the present.

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May 27, 2019, 05:22:28 AM
 #30

Blockchain technology is changing the world and it is true that in the near future the crypto will be a universal currency. Like now bitcoin is the currency which have fast the online transaction and with out a barrier of countries people do trade of goods and services with the help of this currency useful through technology of the present.
As of now we can't consider as totally change the world, perhaps it will contribute to makes things easy just like having a quick and easy transaction with the help of bitcoin and also save data through blockchain technology. We can that many companies and institutions who wanted to use blockchain even in some banks. Indeed, it is very useful to us and to make life easy.

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May 27, 2019, 06:32:05 AM
 #31

OP, are you the author of this content or are this another case of plagiarism? Where is the reference to the source of this article?

The problem with this whole "Blockchain" phenomenon is the fact that centralised entities are in full control of these applications and the implementation of this. It is not projects that are done with public participation or consensus. The problem with that is the misuse of power that once again comes into play and the manipulation of data that can occur with "private" projects like this.

It should be "Blockchain" implementations based on the Bitcoin's public consensus model and total transparency.  Wink

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May 27, 2019, 09:21:55 AM
 #32

Yes, I agree with you that blockchain technology is changing the world. And here's a nice way to explain how blockchain is changing the world. Blockchain technology is a very effective technology which is now successfully working on it. The cryptocurrency can not be terminated by blockchain's contribution in this case. That is why today the cryptocurrency has spread so much that it also successfully. In this post you have very nice explanations like how blockchain is changing the world.
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June 01, 2019, 08:59:49 AM
 #33

Besides these services blockchain has gained a lot of traction in other industries such as transportation, insurance, the food industry, accounting, wireless telecommunication, media, and legal services. These are certain areas that the blockchain technology companies may captivate in the near future. Today, staying abreast in the disrupted technology is one way to cope up with the IT trends.
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June 01, 2019, 09:47:14 AM
 #34

In essence, blockchain technology makes all transactions whether buying and selling or just recording a data more secure, authentic, and transparent, this is certainly very much needed in all aspects of life ranging from buying and selling, education, even in the health sector using blockchain technology as a note a patient's medical record, so that the handling of patient's disease will be faster and more efficient so that more lives will be helped because of taking appropriate and fast medical actions.
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June 01, 2019, 10:04:34 AM
 #35

Blockchain could reshape the world! In recent times, blockchain emerged to be one of the most hyped technologies in the industry. Stakeholders, businesses, and startups are looking for means to instil this disrupted technology for better business outcomes.

Though in its nascent stage, this technology is on a verge to grow and not cease. However, research is an ongoing process and will continue to take place to see where this technology pans out.

The blockchain revolution has grown to heights that even people who aren’t aware of the technology are talking about it and trying to learn how the technology works. But why is it exploding? Have you wondered about the situation? You might not know the extent of what this technology can do. But we can start off by defining what the technology is and how it works.

Blockchain technology is used as an online record keeping ledger of verified, encrypted amount of data that can be stored in the form of chains. These block of chains is immutable and cannot be altered by anyone outside the network. The property of secured and unique feature attracts organizations to get involved in the technology making it crucial for industries to adopt it for their product development.

For instance, if a transaction takes place, the request transaction is broadcasted to a network (P2P) that exist of many computers called nodes. The node acts as a validator of the transaction that has taken place, this process is done with the help of known algorithms. Once this gets completed, this transaction in combination with other transaction forms a block. This block then gets added to the series of chain that is already in existence, the moment it gets added to the chain it remains unalterable meaning the data cannot be tampered or changed.

Disruptive technology taking over the world - blockchain specialist to stay future ready for the disruption

“40 years from now, Blockchain and all that followed from it will figure more prominently in that story than Bitcoin will," says Lawrence Henry Summers, former US Secretary of the Treasury.

The blockchain revolution is proving a game changer in the industry today. From financial sectors to non-profit organizations, several organizations are putting their bets on this distributed ledger to facilitate business outcomes.

It is believed that this technology will impact businesses in every manner opening up business opportunities to investors, not just in the altcoins but even in industries the digital ledger has the potential to alter. 

As a result, let us look at the following industries where blockchain revolution has taken over:

●   The Finance Services

The disrupted ledger technology has disrupted several aspects in this industry including hedge funds, vetting of investors, peer-to-peer lending, emerging markets, and venture capital.

●   The Security Services

It has protected internal and external threats of both natures including digital and non-digital.

●   Government Services

Implementation of blockchain in several government functions has increased transparency, increase engagement, improved inefficiency and reduce costs.

●   Banking

It is estimated that there are 2.2 billion unbanked people in the world. Blockchain is said to provide banks that will have a comprehensive customer profile.

●   The Education Sector

One can find an immutable record of credentialing and course completion.

●   Healthcare

Customers will now be able to control data sharing with providers or hospitals to have a brief view of the health of the patient. Pharmaceuticals will have improved access to research data for clinical trials.

●   Real Estate

Flexible sharing economy and the fractional economy will now be possible.

Besides these services blockchain has gained a lot of traction in other industries such as transportation, insurance, the food industry, accounting, wireless telecommunication, media, and legal services. These are certain areas that the blockchain technology companies may captivate in the near future. Today, staying abreast in the disrupted technology is one way to cope up with the IT trends.

Won’t it be great to have a world with institutional transparency in government and businesses?

Well we do see clearly the benefit of using blockchain in every aspect of businesses and i do think the main reasons people use blockchain is to minimize the cost. You can read all about blockchain related use cases on https://medium.com/unibrightio, i do not advetising them but i do see a lot of good article related of blockchain use cases on their medium, so i think its worth to read.

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June 01, 2019, 10:31:43 AM
 #36

Blockchain's main advantage is reliability. Being a distributed network information where information is stored in nodes in thousands of devices (decentralization), instead of a single and a backup server most systems are used to run. So it is resistant to attacks and failures. Meanwhile every banking system suffers from technical blackouts quite often. Visa made a remark last year that customers should always have more than one way to pay. Obvious recognition of the failure of centralized payment systems.

Second major advantage is transparency. Every transaction is recorded in the public ledger and is shared and agreed upon by all network participants.

These two advantages are what governments and banking sector lack and sometimes fear. Most certainly it will be massively implemented in logistics and supply chain and a few major companies already using it (Walmart).

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June 01, 2019, 12:01:41 PM
 #37

maybe this question is more suitable for the first time there is a blockchain, but with the development to date, bitcoin technology is increasingly known to the world. there are even many platforms in the world using blockchain power for the development of their products. and current economic developments, have recognized the power of blockchain.
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June 01, 2019, 12:53:43 PM
 #38

Blockchain technology is changing the world, making everything faster and easier. This gives us financial freedom through more profitable investments, through current technology.
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June 01, 2019, 09:55:27 PM
 #39

In a word Blockchain technology creating big revolution in the whole world and world already changing. Because of it's used in a lot of platform specially it's really massive contribute in the banking system, because i think blockchain technology is highly secured transaction also other everything in every sector.
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June 01, 2019, 10:05:55 PM
 #40

blockchain technology is highly secured transaction also other everything in every sector.
The blockchain is a party that you can trust and verify and use as you like. That can be applied to all kind of sector indeed.
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