BLOCKCHAIN IN THE FUTURE

[pooh95]

Now they are trying to apply Blockchain technology in many areas, from data storage databases to reporting on election results, we can only imagine what will happen in the future

[jrrsparkles]

don't confuse "blockchain" with "cryptocurrency". blockchain is simply a "chain of blocks" and it will continue to look exactly the same. there will be blocks that will be "linked" together, one after another line a chain using some cryptography function which is usually a 256-bit hash function.
that is the cryptocurrencies that are using that chain like a database and keep on changing. it is not possible to predict how they will look like because you are asking us to predict what innovation is going to happen, if we could predict the "innovation" then we would have innovated it ourselves!

Thanks for making this clear, people always mistake blockchain for cryptocurrency forgetting that it is just a node of data storage ledgers which provides a decentralized space where all data can be access by any connected pc to the network. Blockchain is a peer to peer connected computers that stores data.  There are a lot government institutions that use blockchain for data storage. In fact, centralized institutions usually perfer using blockchain for their data storage. The only future i see blockchain is massive adoption of it for data storage.  

Yes, since we are talking about Blockchain rather than cryptos, we can just assume that cryptos will still be out there, but it's unfair to focus on them, not without a fair explanation of why this will be the major way of using Blockchain. I think that Blockchain will become widely adopted for ticket purchases, elections, perhaps keeping track of medical records and other sensitive data. It will probably also be used by banks that will make their own tokens simply to benefit from cheap transactions (you exchange fiat 1 for token, and then token for fiat 2, which is faster and cheaper for international transfers).

Personally,I believe that blockchain technology into vote polling will not be implemented because it will only worse the condition of politicians and they are in the place to implement it,otherwise banks already started using it for transaction but not in widely adopted range.

Other application I am stronhly believe to be implemented by most of the government is for national identity storafe purpose so we can retrive the data whenever we want and also it will be helpful to restrict identity theft by unknown members.

Some interesting applications are already in processing of many different countries can be found here https://blockgeeks.com/guides/blockchain-applications/

[bounceback]

in the future, I believe that blockchain is a technology that has value compared to other cryptocurrency because its base makes bitcoin optimal with blockchain technology, and many other features of blockchain that trust people in the future and can trade 24 hours and blockchain users can also access complete transaction information.

[airdnasxela]

New coins will emerge, other coins will fail making it until 2030. Blockchain technology will be adopted by most countries (if not, probably the developed countries while developing countries will soon adopt it also) since blockchain can be used in different field and would be use in other functions that can help in developing a countries economy. Something that might surprise us... Other coin dominating the market. I am not saying that bitcoin would fail but there's always a possibility of something new could replace bitcoin.

[imstillthebest]

Personally,I believe that blockchain technology into vote polling will not be implemented because it will only worse the condition of politicians

blockchain makes everything transparent so it will be a useful tool if implemendted on voting/elections not just on politics industry but also on almost anything so that all are going to be fair  . the one that will only said that blockchain can worsen the condition/situation are the one's that hide something and they are afraid to get exposed and caught on the act .

blockchain and cryptos are really the future and both technology can be really verry useful in the future as it can solved many problems

[businesssoftware]

I don't think so now, Starting of Bitcoin.. Cryptocurrency was in peak as a decentralize currency, people had started to invest in bitcoin and other cryptocurrency for wasy and safe transaction, From 2018 cryptocurrency is falling continuously. Blockchain is also connect with Bitcoin transaction. its completely depends on the value of cryptocurrency in future.

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[Eclipse26]

Blockchain will be a mainstream in the future because of its great feature that can be used by the individuals. This will lead to mass adoption of cryptocurrency as well. Adoption of blockchain technology will let people learn abiut cryptocurrency. But I bet some countries would create their own currency than letting their people use decentralized one.

[Darooghe]

Blockchain will require a HUGE increase in efficiency before it becomes commonplace. Visa uses the electric consumption equivalent of 50,000 homes to process its billions of yearly transactions. The bitcoin blockchain consumes the electric equivalent of millions of homes to process a fraction of the transactions. The biggest obstacle to the adoption of blockchain will be environmentalists.

Furthermore cryptocurrencies not able to keep up with Visa when it comes to the amount of transactions per day without the blockchain getting way to large to store and handle, the blockchain will get too big to download so no new miners will join the network. Miners come and go all the time but if miners stop joining miners will leave which will weaken the security and make the blockchain more centralized and could kill a blockchain.

[ReiMomo]

There are few companies now who have adopted blockchain technology behind in different cryptocurrencies. Because this has no borders and it is able to secure transactions between two parties that have to create transactions online. So, I did not have doubt that this technology will be leading in all establishments and companies who need a payment transaction process. However, I saw that they are begun to adopt this blockchain and usually in payment processor online.

[senne]

Blockchain is a upcoming and emerging technology that can interrupt many established sectors from supply chain to banks. For transactions, blockchain makes thing easy by keeping record of transactions which can't be manipulated. A lot goes in terms of capital and labor, maintaining transactions which can't be manipulated and at the same time have integrity. Blockchain cuts the need of having heavy investment and can ease the work. This can be implemented in many sectors to cut the cost.

[Astvile]

Lets get a High IQ thread going here.

What will blockchain look like in 2030? What will have failed? What will still be in existence? What portion of govs will utilize the blockchain? What things do you think will happen that might surprise us?

I'm sure that the lightning network would be widely used by the government in the future and surely the whole blockchain will get updated and updated and grow faster than what it is now. And all wireless payment process we are doing now will be handled by the blockchain and help us do transactions way faster than the traditional one and our current estate of blockchain.
The thing that might surprise us is when the bitcoin network suddenly collapses and we were left hanging.

[Edraket31]

Lets get a High IQ thread going here.

What will blockchain look like in 2030? What will have failed? What will still be in existence? What portion of govs will utilize the blockchain? What things do you think will happen that might surprise us?

I'm sure that the lightning network would be widely used by the government in the future and surely the whole blockchain will get updated and updated and grow faster than what it is now. And all wireless payment process we are doing now will be handled by the blockchain and help us do transactions way faster than the traditional one and our current estate of blockchain.
The thing that might surprise us is when the bitcoin network suddenly collapses and we were left hanging.

Which I doubt that Bitcoin will be gone, although, we don't know the future but as of today it is impossible that Bitcoin will collapse. Yes, some experts are already in the vision that Blockchain will be widely used by most companies as well as governments, it has a lot advantage that will help us hustle free and more convenient so no doubt about that.

[jsizar]

Blockchain is the future. Its really good for storing data. But crypto != blockchain.
So, this may be not so helpful for us

[Wintersoldier]

Lets get a High IQ thread going here.

What will blockchain look like in 2030? What will have failed? What will still be in existence? What portion of govs will utilize the blockchain? What things do you think will happen that might surprise us?

Perhaps it is too early to speculate thing that will going to happen here on crypto, but I am pretty sure that government and banks will going to surrender contradicting bitcoin in many aspects, in short, banks and crypto will be friends, in addition, currencies will be digitalized as massive crypto adoption takes place. Right now, we're at a step closer to these changes.

[bestBTCdomains]

There are few companies now who have adopted blockchain technology behind in different cryptocurrencies. Because this has no borders and it is able to secure transactions between two parties that have to create transactions online. So, I did not have doubt that this technology will be leading in all establishments and companies who need a payment transaction process. However, I saw that they are begun to adopt this blockchain and usually in payment processor online.

USPS now has a page on blockchain.


https://www.uspsdelivers.com/is-blockchain-right-for-your-supply-chain

[bestBTCdomains]

Lets get a High IQ thread going here.

What will blockchain look like in 2030? What will have failed? What will still be in existence? What portion of govs will utilize the blockchain? What things do you think will happen that might surprise us?

Now that it's 2020, any more of you intelligent bastards want to chime in?  Love discussions like this.

[bestBTCdomains]

Guys, now that it's almost a year later, let's revisit this thread,with updated thoughts/ideas.

[iHODL4]

Lets get a High IQ thread going here.

What will blockchain look like in 2030? What will have failed? What will still be in existence? What portion of govs will utilize the blockchain? What things do you think will happen that might surprise us?

Ok, I'll give my crystal ball a try and it goes a little something like the ff:

#1.) Aside from discussing Moore's law to death, it should evolve towards achieving the current limitations of blockchain technology.

#2.) Blockchain copycats or wannabees.

#3.) Bitcoin &/or whichever variant is still dominant, of course.

#4.) Those that are more open and not afraid of change, are the ones that would certainly try to utilize blockchain technology instead.

#5.) An heir to the throne of btc will rise amongst the altoins unexpectedly!

[valuater]

Now they are trying to apply Blockchain technology in many areas, from data storage databases to reporting on election results, we can only imagine what will happen in the future

Every country will definitely do their best to keep abreast of the times, where indeed at this time digital technology is one thing that is very much in need of course this is also inseparable from the blockchain technology included in the digital system.

Almost all fields seem to be more efficient if they use a blockchain system with transparent data openness so that all can see how the conditions and developments occur in the project.

Hopefully the blockchain will further develop so that the world of cryptocurrency is not something underestimated in the future.

[Chris Barth]

It isn't really easy to just spell out things that would happen in 2030. I can only consider saying what's obviously going to happen. But then, a lot is going to happen, governments would still be fighting against bitcoin while some would agree to adopt it. Bitcoin would be more popular, it'll be worthing a whole lot of grands, More cryptocurrencies that can affect our daily living would be created. More projects that relates in different fields would be born( fields like music, movies, dancing, etc). And of course, we'll be celebrating 'Bitcoin at 20'