What are some of the significance of the Blockchain?

[Domithra]

Blockchain is a revolutionary technology which helps to keep record and track of transactions using the cryptocurrency. It helps developers to utilize the it and come up with new ideas which offers solutions to major problems in our society. The Blockchain can be utilized in the financial, agricultural, health, education etc industries.

[ayatoslaw]

blockchain is a new idea to make a decentralized system, and the blockchain system is in contrast to banks.
and this is the point, how will all life systems be affected by blockchain because of the decentralization.

[olivia]

Blockchain is a ledger that is not managed and controlled by only one particular party or organization, but the blockbook is publicly distributed and managed by millions of computers around the world at the same time.

Every computer in the network can view or add notes about recent transactions into the Blockchain Ledger, this is the main strength of the technology, so it is impossible for anyone to delete the Blockchain Ledger because it is not managed by one person and one place, but it is managed globally at the same time.

[topicmaker]

What makes the blockchain technology important is that it can be integrated into many sectors.we can use this technology not only in cyrpto currency sector, but also in many sectors such as finance, education, health, logistics.

[Elkafee]

What makes the blockchain technology important is that it can be integrated into many sectors.we can use this technology not only in cyrpto currency sector, but also in many sectors such as finance, education, health, logistics.

I agree mate, I think the blockchain technology important is that it can be integrated into many sectors. Bank, Insurance, companies etc can integrated to block chain technology

[moonking]

Blockchain is a revolutionary technology which helps to keep record and track of transactions using the cryptocurrency. It helps developers to utilize the it and come up with new ideas which offers solutions to major problems in our society. The Blockchain can be utilized in the financial, agricultural, health, education etc industries.

I've read a very substantial article about food production and the blockchain.  Apparently the crypto technology can help a lot in food production, and make the process more efficient.  Also unique crypto code can be used to find out where food come from and other unique applications.

[Michael]

Besides what you mentioned in the thread, blockchain technology is very superior and revolutionizes existing technology. This technology makes it easy to transact and no one can control it. This technology is transparent and the initial data recording is always stored properly which stops data fraud. The presentation of this database is very suitable for use in all sectors of the economy, government and private companies.