How blockchain technology is changing the world

[Twinkledoe]

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).

Governments and banking sector are not yet ready to be transparent as they can't hide their financial transactions. Most government institutions are corrupt or hiding many things so with blockchain technology, the public would know if they are embezzling the funds or transferring money to somewhere.

Logistics and supply chain would greatly benefit from the implementation of blockchain technology if properly established within their system. They will save millions of dollars in operations alone once their blockchain system is up and running. We couldn't wait that to happen in our age.

[Gibreil]

Because of the opportunity that cryptocurrency gives to the people. Blockchain technology changes the lifestyle of the people. In fact, some of us here are not financial stable. But because, blockchain technology was founded and many jobs have been created from the start, it changes us.

[Reosta_]

Blockchain technology has contributed to many sectors and it continues to grow better and better day by day. Companies has been competing each other for Blockchain. They want to be ahead of their rivals by using Blockchain.

[jitenderseo1]

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.

[bobsandreson]

I read an article yesterday about how blockchain is changing the world of e-commerce. https://roobykon.com/blog/posts/82-how-blockchain-technology-affects-future-online-marketplaces

[AjithBtc]

Blockchain technology is the innovation of the era which has been making a big change all around the different industrial and service sectors wherever its adopted. To my experience blockchain technology provides the transparency which we can't see with the traditional system. Particularly when transparency is there automatically things will take place in a perfect way.

[pushups44]

Blockchain plays a vital role in the economic growth of the world. It has been changing every user's life for years and it's reaching out every corner of the world. It only needs mass adoption and acceptance to make it an international currency. Bitcoin has contributed a lot and is making life more convenient because of its functions as a mode of payment. It's giving us financial freedom through its profitable investment.

The decentralized nature of bitcoin has allowed it to be used by Venezuelans as an alternative to its fiat currency that has imploded with hyperinflation, thus saving lives. It is also being used in other countries with very high inflation such as Argentina. It is only a matter of time before a country declares it outright as a legitimate currency along with its fiat currency.

[Mac#7654]

Blockchain helped bitcoin user it brought an ease to bitcoin user.An simple interface to use not much hectic to use.And it keeps you updated about bitcoin price
Yes its usefull

[ecnalubma]

Blockchain technology will make every industry more transparent and secure. By its almost limitless application it will become part of what we do daily in the future from workplaces, public offices and banks no matter where we go there is blockchain its like evolution of telecommunication where most of us didn’t see it coming.

[Vinalians]

Blockchain for me is the number one system when it comes to security and also transparency. Changing the world with blockchain is already happening, there are some business that involves cryptocurrency and blockchain technology. Transparency is one of the best things that you can have when you are having a business.
Blockchain provides that without worrying about the security.

[Ryan Dugan]

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).

Governments and banking sector are not yet ready to be transparent as they can't hide their financial transactions. Most government institutions are corrupt or hiding many things so with blockchain technology, the public would know if they are embezzling the funds or transferring money to somewhere.

Logistics and supply chain would greatly benefit from the implementation of blockchain technology if properly established within their system. They will save millions of dollars in operations alone once their blockchain system is up and running. We couldn't wait that to happen in our age.

This is exactly what I was thinking. Governments will not be able to hide their spendings since it is all transparent as day. They will have a lot to answer for and will not be able to lie or hide since it is a fact and you canot argue with facts. Even if government official make arms deals that movement of funds will need to be accounted for. So you see if goverments use thoeir "power" against crypto we can use it to help ourselves and demand they use their own blockchain. This is much further into the future but it is very exciting stuff. I can't wait. 

[Moiyah]

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.

This just imply that blockchain technology is now stepping in,in different fields in the industry. This technology has been started to use by some areas but not yet implemented at some. We can't really say how mass adoption totally hug our world in terms of blockchain technologies. It is easier and convenient if all fields gonna accept it but needs to further test first before implementing it.

[shoreno]

Because of the opportunity that cryptocurrency gives to the people. Blockchain technology changes the lifestyle of the people.

First of all cryptos are only a currency and they arent the ones that provides carreer or oppurtunites but its the company or the big business  .

 the company or the business that is somehow related to cryptos and the blockhain are the ones that hire people to help them to promote and do other task and they pay you cryptos  .

blockchain and cryptos are both tandem because one cant stand out or exist if one is missing  . so the credit should goes to the both of them

[eaLiTy]

blockchain and cryptos are both tandem because one cant stand out or exist if one is missing  . so the credit should goes to the both of them

Looks like you misunderstood block chain and cryptocurrency and its functions, block chain is a list of records which is linked cryptographically and Satoshi invented block chain to use it as a public ledger for bitcoin so that the issue of double spending will be sorted, so block chain have different functions and it is one of the biggest invention in the world, hope you understand the difference between them.