Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Rollinginthedeep on July 26, 2020, 06:52:55 PM
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Blockchain is supposed to be a revolutionary technology, changing the way we think about everything from financial transactions to cybersecurity. But only something like 3% of Fortune 500 companies are currently using the blockchain as a core part of their system.
Can NEM solve this with its new Symbol platform (https://micky.com.au/nem-blockchain-infrastructure-for-business-enterprise/)? They reduce the costs and complexities in existing processes, and provides a platform for new business models and innovation, bringing together developers, projects, and enterprises to create mutual benefit and value together.
What are the main reasons why big corporations and devs to not use blockchain technology?
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Blockchain has introduced us to limitless opportunities and options most especially in finance and eCommerce. We are currently seeing positive disruption on a massive scale and this is filtering down to grassroot businesses and entrepreneurship. With the several challenges that have limited several businesses from attaining global reach and wider coverage, Blockchain is coming up with solutions to forestall this as evident in the NowPayments (https://nowpayments.io)'s solutions for merchants and businesses. Nowpayments is introducing a simple and highly efficient way of creating an atmosphere where businesses from anywhere in the world can accept cryptocurrency as a means of payments. This is important as it ensures businesses can introduce their goods and services to the global market without worrying about how to receive payments. Of course, cryptocurrency has a wider reach and unique benefits of speed, security, cheapness and flexibility. With this, businesses can strive better leading to better growth and noticeability.
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Blockchain technology is the future and yes we are already starting to see the future...
There are many advantages that we can feel from the benefits of using Blockchain technology, such as being more transparent, effective, and also safe.
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I'm sure more and more firms will use the blockchain in the future. For now, I think many are simply not looking to transition, and there is also a lack of workforce, the supply of blockchain expert developers is not too big yet.
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The possibility of this happening is already in play and isn't a dream anymore but a reality with several businesses and innovations already embracing cryptocurrency and blockchain integrations. Notably, finance, eCommerce, health etc have all adopted blockchain to the benefit of everyone involved. Currently, there are plans to further boost this by ensuring more participation and applicability are keyed into blockchain.
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I think the ease that the blockchain has brought is incomparable. Is the the limitless aspect aspects it encompasses, the swift mode of transaction, the optimum security or the ability to keep and track record. Just name it.
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I think the only reason many businesses do not accept blockchain technology in their products and services, is because many popular coins in crypto are volatile. Imagine if they make sales for $1 million worth of BTC and suddenly BTC price fall 40% ??? It will be a huge loss! Though the price may rise and they'll earn a profit, but no one knows when the price will increase or decrease. That is why many businesses are still accepting only fiat.