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Author Topic: Beyond Bitcoin: Unpacking the Real-World Use Cases of Blockchain  (Read 84 times)
VicManton (OP)
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May 07, 2024, 11:16:28 AM
 #1

It's obvious blockchain isn't just about Bitcoin anymore. Crypto projects are surfacing everywhere, claiming to advance aspects of our lives with promises of security, transparency, and efficiency. These projects want to reshape industries like finance and supply chain management. But have you come across any projects that seem ready to make a real-world impact?

Came across an article on X about a project called Mode. It focuses on DeFi, aiming to give use more control over our money. It is a modular Layer2 network based on OP
Stack, in line with multiple market hot trends, & with speculative expectations.They want to help developers build innovative financial tools while offering higher returns to participants.

The potential of these blockchain projects is great if explored well. Imagine banking without the usual fees, or having a secure way to track the origin of products. The technology is still developing, but do you believe projects like these have what it takes to change how we do things?
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May 08, 2024, 02:33:53 PM
 #2

The technology is still developing, but do you believe projects like these have what it takes to change how we do things?
Of course, blockchain has uncountable use cases for real-world projects and sectors, it can be used in almost every single industry we have where technology is usable because it can help increase security, speed, privacy, decentralization, and a lot of other things. The only challenge is that the governments are not ready to accept the change and embrace the technology, otherwise, blockchain technology can greatly help a country with their technical or non-technical projects and ventures.

The technology has a lot of hurdles on its way at the moment, and the reason for that is decentralization, but I'm sure those in power will find a way to leverage the technology while making it centralized in some way, but at least it will help boost a lot of functionalities in a lot of industries.

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May 08, 2024, 02:44:47 PM
 #3

The technology is still developing, but do you believe projects like these have what it takes to change how we do things?

Yes blockchain technology will have a wider impact in the future if not perfected right now. My biggest concern is how accessible and easy to use this technology is. Let’s be honest fees are the ones responsible for keeping a project together and the more complicated it gets, the higher the fees are which isn’t really good for the users.

We have a lot to work in but I believe it can be done.

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May 08, 2024, 02:59:02 PM
 #4

Many industries and institutions have already key into the use of the blockchain technology for their safety because they have the understanding that such could not be used under a controlled central server, also, they realized how immutable the technology with blockchain works, they make use of it for their diverse security services and also to have a platform whereby they will not be attacked and have their information's and sensitives data uncovered by a third party like the other central servers do.

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May 08, 2024, 03:29:23 PM
 #5

This has been discussed over many times, the use case of blockchain is not just limited to bitcoin or cryptos, it can be implemented anywhere we expect complete transparency, and the most suggested use case is polling votes via blockchain instead of paper which may happen in the future and as of now there are some test runs happened in all over the world.

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May 08, 2024, 03:59:08 PM
 #6

It's obvious blockchain isn't just about Bitcoin anymore. Crypto projects are surfacing everywhere, claiming to advance aspects of our lives with promises of security, transparency, and efficiency. These projects want to reshape industries like finance and supply chain management. But have you come across any projects that seem ready to make a real-world impact?

Came across an article on X about a project called Mode. It focuses on DeFi, aiming to give use more control over our money. It is a modular Layer2 network based on OP
Stack, in line with multiple market hot trends, & with speculative expectations.They want to help developers build innovative financial tools while offering higher returns to participants.

The potential of these blockchain projects is great if explored well. Imagine banking without the usual fees, or having a secure way to track the origin of products. The technology is still developing, but do you believe projects like these have what it takes to change how we do things?

Banking and finance is one sector where blockchain can make huge difference in real time. It has all the perks and security to be a better alternative to traditional banking. Such bank do need to enable at least a two level security to make it more secure. There are huge potential of making money if current defis place them as highly secure and trusted platforms. There are other multiple sectors people are trying to implement blockchain but there are not much success as traditional platforms provide more quality experience. Blockchain technology still is a work in progress.

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May 08, 2024, 09:18:36 PM
 #7

It's obvious blockchain isn't just about Bitcoin anymore. Crypto projects are surfacing everywhere, claiming to advance aspects of our lives with promises of security, transparency, and efficiency. These projects want to reshape industries like finance and supply chain management. But have you come across any projects that seem ready to make a real-world impact?

Came across an article on X about a project called Mode. It focuses on DeFi, aiming to give use more control over our money. It is a modular Layer2 network based on OP
Stack, in line with multiple market hot trends, & with speculative expectations.They want to help developers build innovative financial tools while offering higher returns to participants.

The potential of these blockchain projects is great if explored well. Imagine banking without the usual fees, or having a secure way to track the origin of products. The technology is still developing, but do you believe projects like these have what it takes to change how we do things?

Blockchain is an innovation that is improving almost every sector of life, so I'll say we've just begun. There's a lot to come if every sector embraces Blockchain. As for mode, I've heard chatter about an airdrop, but I didn't qualify, ahah. I found this also, it explains what you'll need to know.
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