Is Blockchain Really Revolutionizing The World?

[Twinkledoe]

It's still very young to make such conclusions about Blockchain revolutionizing the world though some existing institutions have already started deploying their services with the use of blockchain technology. However, the goal of blockchain technology was designed by Satoshi Nakamoto to help cut down the chain of transactions as well as put power back into the hands of the people.

It could be very young, but data scientist and crypto developers have been talking about blockchain technology 2.0 already. So it is slowly revolutionising how data is to be stored and access and how it will help individuals and large companies makes decision. Specially the biggest companies in the world that offer logistics and supply chain management. They can really sort of exploit and take advantage of blockchain technology in their daily operations and perhaps can reduced their production cost and could boost their efficiency and productivity.

Indeed! If blockchain technology is optimized by many industries, their operations will improve and they will save of lot of resources. Transparency of transaction is very well addressed by blockchain technology. I believe if one or more big companies will be visible in using blockchain technology, more and more companies will follow thru. It is not because they want to be in but they will realize the great benefits that it will bring to their company.

[shoreno]

It's still very young to make such conclusions about Blockchain revolutionizing the world though some existing institutions have already started deploying their services with the use of blockchain technology. However, the goal of blockchain technology was designed by Satoshi Nakamoto to help cut down the chain of transactions as well as put power back into the hands of the people.

It could be very young, but data scientist and crypto developers have been talking about blockchain technology 2.0 already. So it is slowly revolutionising how data is to be stored and access and how it will help individuals and large companies makes decision. Specially the biggest companies in the world that offer logistics and supply chain management. They can really sort of exploit and take advantage of blockchain technology in their daily operations and perhaps can reduced their production cost and could boost their efficiency and productivity.

Indeed! If blockchain technology is optimized by many industries, their operations will improve and they will save of lot of resources. Transparency of transaction is very well addressed by blockchain technology. I believe if one or more big companies will be visible in using blockchain technology, more and more companies will follow thru. It is not because they want to be in but they will realize the great benefits that it will bring to their company.

blockchain 2.0  ? i didnt know that its possible for the standard blockchain to be upraded but other cryptos can also be upgraded too just like eth 2.0 so why not  ?  it maybe possible however the old blockchain already help many people or business  and if itll be upgraded for sure these existing users are going be more satisfied and it can also attract others when they see added good features injected on this 2.0 version    . blockchain is really revolutionizing the world because its a new kind of technology or system invented on this advanced world we'r living with  right now  .

[ufaiz50]

I myself think the same as you, where until now bitcoin is a new technology that frees you from a centralized state and certainly includes 5 characteristics of the blockchain. in my view because the blockchain has not had such a huge impact on the world, maybe because decentralized and anonymity so many state leaders hesitate to use it.

whereas in my own view that blockchain technology can be used to reduce system depravity in government. my example where blockchain technology can be used to create a data transparency system so that suspicious behavior in public terms ("corruption or money laundering") can be seen.

"World revolution is how you can utilize new technology to create a greater impact (a good thing) for world movement"

[trauchot]

Blockchain technologies really help various areas to develop much more successfully and more stable, but unfortunately it’s too early to talk about any serious conclusions because blockchain technologies have appeared not so long ago and we need to wait some more time to see great results.

[BlacksmithCorporation]

I think Blockchain Technology will have many applications in the future, but now many startups have come up with silly and absurd ideas for blockchain application, which makes many people doubt the future of blockchain technology.

[mersal]

Other than crypto currency, blockchain technologies are started to get implement on other fields as well like in medical,military and literally everywhere were data needs to be stored secured and not possible to get altered or hacked by anyone.

Anyway its still an infant and lot of blockchain related courses started to get emerged on online and in some universities so in few years we may see more blockchain related applications for real.

[20kevin20]

I don't know if this is related to the birth of Bitcoin, but have you seen the globalization charts? Deglobalization started somewhere around 2008 and the more years pass, the more we decentralize as a society. Meanwhile, massive corporations are trying to still take in power and, implicitly, control.



I would say there is a massive rise of interest in decentralization, especially the last few years.. so many softwares are going open-source and more people are starting to doubt the real interest and purpose of the services and apps they use. It's definitely a good thing and hopefully many more will wake up to the reality we're living in.

It's terrible, however, what we're all now experiencing. For example, so many people are now using Zoom which has been exploited countless times, is known to send anonymous data to Facebook and has (or has had) an exploit that lets hackers open your camera without your knowledge and consent. That's scary and .. why is everyone promoting it? How come, out of ALL conference apps, Zoom is the one to thrive? And then we have Google's scary mobility reports clearly showing us how easily trackable we are, how easy it is for them to get required information about you.. if you go off the grid, you're going to be considered a suspect.. what is this? Control.. control all over

So yeah, this might be the beginning of the temporary end to either centralization or decentralization. It looks to me like a little "war" already between the two: some want complete control, we want the exact opposite. Bitcoin did not revolutionize the world yet! It's still working on it and hopefully it will succeed to wake up as many as possible..

[Wildwest]

If the blockchain continues to develop then revolutionizing the world will not be difficult to happen now can we see many crypto projects using the services of blockchain even in large companies already rely on blockchain system, now it has been so big fans to use it, and I'm sure if the system is constantly being developed and away from the Scamer then all will run easily.

[Kezacky]

Blockchain is a sophisticated technology and certainly very useful for users. I think we all know that the purpose of this technology is to make transactions easier and generate a lot of profits. so I think blokchain is a digital technology revolution in the future. many companies have adopted this technology.

[chainese]

How do you think will blockchain be used for tracking COVID19? For tracking people who has cought the virus, for example? It seems to me that this technology could get a blust of attention now.

[BitSat19]

Of course this is really revolutionizing because now in many industries and fields its impact is very strong and helping millions of peoples hopefully in near future we will have many applications and other things which will work with this all even many peoples believe its too early for this but its impact is very strong and good so there is no doubt we will have some big things from this all which will help and create new good things for humanity.

[leyton11]

I don't think it can spread to the whole world. There have been many agents using blockchain technology to manage their store chains and products, but all have failed. It's complicated and difficult to operate. I think it's only growing widely in the decentralized market community, crypto has really supported this technology.
For me, the crypto market only has sharks and fry. There will be no type of blockchain that will bring future technological revolution. all is the whale's plan to manipulate the market. So do anyone thoughts on my opinion?

[Iyanu14]

As a writer,  this question keep reverberating,  however. The truth is that bockchain is opening new frontiers that has seen our reliance on centralized system of operations mitigated.  It has entrenched the decentralized system to quash the centralized system.  One of the greatest things about blockchain is that it gives us freedom and equal rights. Blockchain is creating a world where anyone, anywhere may express his or her beliefs, no matter how singular, without fear of being coerced into silence or conformity. A world where anyone or anywhere can express his or her beliefs, no matter how weird they are, without fear of being forced to be silent or obedient.But at that time due to technical limitations. The technology that puts this idea to work is the blockchain. The blockchain has five basic fundamental characteristics which includes decentralization, openness, autonomy, information tamper-proof, and anonymity; if you ask me these has been instrumental to the new world order, bringing about sweeping global changes that has continued to innovate and revolutionize the world.
The blockchain technical savvy architecture is an open distributed ledger capable of recording transactions of two parties securely and efficiently. Of course,  following the fact that it is distributed, Blockchain is typically managed by a peer-to-peer network working at the same time to provide solution capable of trashing integrated mathematical problems with the aim to validate new blocks

I strongly want to believe that it has started doing that.  This is a technology that looks some how foolish in the sights of many people, but rate of adoption has actually improved greatly from 2009 till date. From this, people have began to have a rethink that, if they don't embrace it now, they might be one of the late adopters or have themselves to be blamed later. It just need some time for significant revolution.

[Maestro75]

Look no further for a confirmation to your question, OP, for the application of the blockchain has been observed in many sections of human endeavour. From accounting to medicals to sports, and not limited to cryptocurrency. Even if bitcoin or the crypto industry dies off today (this is impossible anyway) the blockchain application to other aspects of life will still exist.

[sangjoewara]

I strongly want to believe that it has started doing that.  This is a technology that looks some how foolish in the sights of many people, but rate of adoption has actually improved greatly from 2009 till date. From this, people have began to have a rethink that, if they don't embrace it now, they might be one of the late adopters or have themselves to be blamed later. It just need some time for significant revolution.

Everyone has their own judgment on any technology that has been born at this time, if they are late in adopting it, then it is clearly a mistake from themselves and we cannot deny it because everyone has a way of analyzing everything that happens.

[joshua123]

Revolutionzing means advancing right? Ever since blockchain was created and implemented, different sector of business increases the usage and adoption of cryptocurrency. Every big countries are showing their interest to enter the market of digital currencies. The best application of blockchain is utilized through finance system and alternative for some processor such as bank, loans, remittances, and etc. Even on none related finance sector can be used. Many application has paetnership on tech devices such as samsung, htc and many more including the blockchain on their recipe. So I assume we are in the middle ground already of revolution.

[cassavachips]

The presence of blockchain technology has not been long, but the blockchain is able to give a different touch to the financial and IT systems. It is likely that the blockchain will prosper for the next few years.

[leea-1334]

Revolutionzing means advancing right? Ever since blockchain was created and implemented, different sector of business increases the usage and adoption of cryptocurrency. Every big countries are showing their interest to enter the market of digital currencies. The best application of blockchain is utilized through finance system and alternative for some processor such as bank, loans, remittances, and etc. Even on none related finance sector can be used. Many application has paetnership on tech devices such as samsung, htc and many more including the blockchain on their recipe. So I assume we are in the middle ground already of revolution.

No, revolutionizing means changing. It may not necessarily be ahead in some aspects, such as when Islamic State revolutionized the systems in their governed lands;)

Or when countries do revolutions every 2 years, things like economy reset. Not necessarily progress.

Has blockchain revolutionized the world? Let us be honest and beyond what we do here every day and speculate and use, has the whole world really changed?

[WalkerIVIV]

I think Blockchain Technology will have many applications in the future, but now many startups have come up with silly and absurd ideas for blockchain application, which makes many people doubt the future of blockchain technology.

You're right about that as dapps development progress has already proven one of potential from the blockchain. That says blockchain is still on its early potential and we must need to dig it even deeper to reach the real potential of blockchain. That's why the majority of companies were doing R&D to achieve the next potential of blockchain.

[tiang_tower]

How do you think will blockchain be used for tracking COVID19? For tracking people who has cought the virus, for example? It seems to me that this technology could get a blust of attention now.

Blockchain is not a health system that can track people who have contracted the virus, because the virus is the real thing even though it can't be seen with naked eyes, so I don't think blockchain will be able to track this.