Altcoins Talks - Cryptocurrency Forum
Further Discussions => Blockchain Technology => Topic started by: princessgirl on October 01, 2018, 03:07:42 AM
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The Blockchain technology is one of the very few technologies of our time which has endless significance as it offers a vast range of usability to humanity. Every business and idea can be built on and powered by the Blockchain technology. People are becoming more familiar with Blockchain and utilizing it to solve many problems of our world and society today.
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The future of Blockchain technology and all the companies that will subsequently offer their services using that technology will be very lucrative in the end. But the years and decades prior to the success will be filled with pioneers, trendsetters, rebels, and renegade philanthropists. It will be like seeing the works of Steve Jobs, but on steroids. When all of mankind is able to take back the power of money away from a tyrannical centralized system of control then innovations..
true innovation will flourish and explode in away that humanity has never even seen before.
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The future of blockchain? Blockchain technology is the future. Even now some institutions and even banks are studying how to maximize and incorporate this technology in their systems because this will definitely make transactions much more efficient than the current system
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I think it is even better than the current situation of the blockchain. I mean there is not much usage for now audit is still underway to get fully operational. What I mean with fully operational is, its not getting consumed the way it should be and we only see bitcoin and shitcoin transaction that too anonymous and over the internet, peer to peer. But it has got more potential than that and I think people are trying to implement some more into it. For example, direct transaction from the internet/blockcahin to an ATM machine or may be contactless technology. I have seen some projects like that but they left as concepts only and turned into scam projects. May be they never had that real dream to achieve it with the blockchain.
For now people are also having some assumptions that banks might also use it in the future to do the better transaction. But the size of transaction is not sufficient enough yet. So the future is bright only if some upgrades are taken place into it.
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The future of blockchain is good because In the US, since the beginning of 2018 the number of cryptocurrency and blockchain vacancies has increased significantly.
In comparison, in August 2017 the number of vacancies was 446, at the beginning of 2018 - 693. In August 2018, this figure increased to 1775.
Almost half of the vacancies for blockchain specialists are concentrated in New York (24% of the total) and San Francisco (21%). In total, the country's 15 largest cities accounted for 79% of job offers in the field of new technology.
The most popular position is a software developer - 19% of the total number of vacancies.
The largest employers are ConsenSys and IBM.
The average salary is $ 84.8 thousand per year, which is 61.8% higher than the average in the United States.
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Blockchain technology is a global age which has come to stay and the blockchain technology has given many industries a platform that has been put to use even in the banking industries has adopted it's policy. Blockchain technology has a life span future a brighter one.
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Blockchain as a technology has the potential to fundamentally affect a wide variety of processes and technologies. Many people look at Blockchain as nothing more than a digital ledger system and some people even see it is synonymous with Bitcoin. But the true potential of Blockchain as an encrypted database structure is revolutionary, exciting, and as of yet unrealized. The most important feature of blockchain is that it provides unsurpassed security in an unsecured Internet where phishing, malware, DDOS, spam and hacks put in danger the way business is done globally.
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Blockchain technology will be an innovation and development in any fields in the next 8-10 years. There are numerous examples on Blockchain’s use in different business domains including healthcare, banking, financial institutions, legal, manufacturing and so on, which speaks volumes on the future of Blockchain technology. Blockchain owes its name to the way it stores transaction data – in blocks which are linked together through chain. All the blocks in Blockchain have their unique hash for identification, are of limited size, and linked together by pointing to their previous block. I think most people later will consider Blockchain as a technology that offers transparency and temper-proof data.
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Blockchain can bring us true P2P transactions without a middleman. While Bitcoin is P2P money without banks and bank managers, the same technology that brought us Bitcoin could now allow us to build social media without Facebook and Twitter.
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Blockchain technology has the ability to make the organizations that use it transparent, democratic, decentralized, efficient, and secure. It will likely to disrupt many industries in the coming 5 to 10 years. Many banks like Barclays are also working on adopting blockchain technology to make their business operations faster.