Altcoins Talks - Cryptocurrency Forum

Further Discussions => Blockchain Technology => Topic started by: Domithra on November 30, 2018, 01:30:13 AM

Title: The pattern of the economy of countries utilizing the Blockchain
Post by: Domithra on November 30, 2018, 01:30:13 AM
The status of the economy of a country is determined by how the country has designed and execute its state of affairs. It is not always an upward movement for all countries. Most of African countries have depleting economy and are always in the position of borrowing from foreign countries and receiving donations.
Blockchain is one of the main solutions to this bane which depletes the economy of some countries. With Blockchain, there is creation of job opportunities, financial freedom, enhanced payment systems, investment opportunities etc for the people.
Title: Re: The pattern of the economy of countries utilizing the Blockchain
Post by: ZionRTZ on November 30, 2018, 06:14:46 AM
It's good that you use Africa as an example since there's an increasing interest in that region. Sadly, blockchain technology alone cannot change the fate of a country. Despite the many benefits the tech brings, it would be useless if the governments' economic team does not embrace it.
Title: Re: The pattern of the economy of countries utilizing the Blockchain
Post by: Malam90 on November 30, 2018, 06:23:19 AM
Yes, blockchain has brought many opportunities, like swift financial transaction with less fees, job opportunities in mining sectors, investment opportunities, financial freedom for millions of people in the world.
Title: Re: The pattern of the economy of countries utilizing the Blockchain
Post by: arnishad on November 30, 2018, 07:06:41 AM
The blockchain is incredibly helpful, thus it's wide adopted to boost a selected field. The gambling world that's closely associated with technology should be terribly appropriate to be combined with the blockchain. smart future. I recently participated within the Bounty of 1 project that are engaged within the creation of a gambling platform on the blockchain, the project is termed SGAME professional, and that i believe that such comes can have a bright future in terms of games development.Let American state add that blockchain x gambling isn't restricted by games supported blockchain solely. as an example, MobileGo is functioning on the implementation of crypto payments for games in concert of their development directions. Sounds exciting on behalf of me since i am quite relative to gambling business myself
Title: Re: The pattern of the economy of countries utilizing the Blockchain
Post by: yitzjoe on November 30, 2018, 07:16:51 AM
Africa is very advanced now with blockchain and crypto and this is proven on the continent that micro payments have been integrated with crypto utilities and this makes a lot of jobs and more efficient
Title: Re: The pattern of the economy of countries utilizing the Blockchain
Post by: LogiC on November 30, 2018, 07:23:44 AM
Africa is very advanced now with blockchain and crypto and this is proven on the continent that micro payments have been integrated with crypto utilities and this makes a lot of jobs and more efficient

They are into it but still need a lot of resources to pursue their own blockchain and crypto business. We know how some racist turn down africans but I can see a huge potential that crypto will bloom in their country as people there are open minded enough.
Title: Re: The pattern of the economy of countries utilizing the Blockchain
Post by: Ahmedalab on December 01, 2018, 06:25:33 AM
It is not always an upward movement for all countries. Most of African countries have depleting economy and are always in the position of borrowing from foreign countries and receiving donations.
Blockchain is one of the main solutions to this bane which depletes the economy of some countries. With Blockchain, there is creation of job opportunities, financial freedom, enhanced payment systems, investment opportunities etc for the people.