Steemit Crypto Academy Contest / S2W3 - Blockchain in our lives. by @emmy7924
Hello friend
Greetings to you my fellow Steemian and welcome to my post. I am happy to have you here on my post today. In this post I have discussed about how blockchain is changing everyday life for everyone, in response to the Season2 Week3 Steemit Cryptoacademy Contest. Without wasting your time let me take you straight to the contents of this post.
Blockchain is changing everyday life for everyone, what is your opinion on the matter?
The truth here is that almost everyone around us today even in the world at large is fully sure that blockchain is here to change the world. The idea of the innovation of blockchain changing the world is something that comes from the concept of decentralization which we all know.
The discovery of blockchain came after the creation of Bitcoin by Satoshi Nakamoto. Today, blockchain that began as a joke is now the technology that is changing everyday life for everyone which everyone is now seeing blockchain as a life changing innovation.
Without much saying the change has already begun in our everyday life. Today thousands of people's across the world source of income are gotten from blockchain through mining, crypto trading, content writer, videos content creators and many more. So many firms are now implanting their own blockchain version to serve their customers well.
Anyone who think that blockchain is not changing everyday life for everyone, then you should know that person is hearing about blockchain for his/her first time. Blockchain is what millions of people's both experts in the industry and those in government are believing that will change how things are been done in the world which we have already started seeing.
My opinion to this matter of blockchain changing everyday life for everyone, is that everyone one both novice and professional should learn more about blockchain so as to carry everyone alone.
Toady blockchain is a topic that is waiting to be approved in our school curriculum so it's and opportunities for those that are professional to gain additional source of income because their can become a blockchain lecturer in our tertiary institution and for those that are novice, their shouldn't not enter into the blockchain industry and fold they hands their should make sure that they learn more about blockchain because blockchain as a whole is very vast.
By learning about blockchain we can use it to change our society and our business.
What are the main advantages and disadvantages, in adopting the use of blockchain in everyday life?
There are so many main advantages and disadvantages in adopting the use of blockchain in everyday life. Some of the main advantages in adopting the use of blockchain in everyday life are details below.
Advantages
Blockchain will increase business efficiency:
In adopting the use of blockchain in everyday life, business efficiency will sure be increase and more better chances of earning money will be open for everyone. Today, big firms are slowly adopting blockchain and help in connecting people's across the world and that is how most of this big companies are increasing.
Faster Transactions:
In adopting the use of blockchain in everyday life, will increase the way people's send money across the world because of how fast blockchain transactions is. In our traditional financial institutions, sending money for both your friends, family and businesses usually takes some days must especially when you're sending through bank SWIFT which involves so many rules and third parties involment.
With the adoption of blockchain, sending for both businesses, personal use or to friends and family will be done within a minutes instead of waiting for 3 to 7dags before the money will get to the receiver account.
Better Healthcare System:
In adopting blockchain the use of blockchain in everyday life, our healthcare system will be better. In our healthcare, patient passes through different process with their file along them before seeing doctors for treatment and other checks up. Sometime you might be transferred from one hospital to another or from one upstairs to another waiting for the doctor to write a letter about your health status.
In adopting the use of blockchain in everyday life will change the ways our helathcare system is operated because patient can have full access to their data and their can update they health status by themselves.
Disadvantages
Issue of scalability:
Blockchain are not like centralized system that is scalable. Instead in blockchain transactions are only depends on how congested the network is.
Data is Immutable:
Blockchain data cannot go back. Whatever you have sent cannot be cancelled of change even if you sent crypto the the wrong address you cannot retrieve back.
Issue of legacy systems:
So many businesses are still operating on legacy systems which means that for such business to adopt blockchain technology, they need to completely aboundon they system and switch over to blockchain technology
Discuss the future of blockchain, and how this technology is impacting the world.
It's no longer news nor me being the first to admit the fact that blockchain is the future. Millions of people around the world has been saying that blockchain is the future of technology due to how blockchain technology is impacting the world in different fields like; health sector, financial institutions, business and many others. To this I myself eversince that I venture into the crypto industry and saw how things are been turn without the support of intermediaries I began to salute blockchain and started telling most of my friends that blockchain is the future of the technology.
As at the time I was telling my friends, their were like arguing with me but today now they're in support of my opinion. Indeed the way blockchain technology is impacting the world it is no longer something that someone would tend to argue that blockchain wouldn't be the future of technology.
Blockchain technology today, is what even our government, companies, businesses has started implementing gradually. The future of blockchain is not just in one fields but is I'm almost all areas of our life. Blockchain technology has changed the way people tend to see things. Currently right, blockchain technology is seriously impacting the following aspects (field) of our life.
Faster Transactions: blockchain is impacting the world by making sure that transactions are process faster
Product Provenance: Blockchain technology is impacting the world by making sure that customers get what they pay for.
Better Healthcare System: Blockchain is impacting the world, by making sure that there is no fraud in our health sector and making sure that patient are relieve from stress of carrying file from one office to another
What is your opinion about the implementation of blockchains in the health sector? Has the implementation been positive or negative? Explain a use case.
Just as I have earlier said above, that blockchain is impacting the world by making sure that there is no fraud in our health sector and ensuring that patient are relieve from stress like carrying their file from one office to another trying to see doctor.
The implementation of blockchain in the health sector, will go a long way improving us with a better service and fraud that is associated in our helathcare system will be eliminated.
There are many issues that is confronting our health sector, like where you will see patients carrying documents up and down trying to see either a doctor's or nurse which can lead to wrong input of data because they are so many people that the doctor or nurse is to attend to.
In the health sector, a lot of mistakes do happen like for example, mistaking some test results for another person which usually happens in the lab. Another thing that is confronting our health sector is drugs tracebility where some staffs steal drugs for their own personal gain.
With the implementation of blockchain in the health sector, I believe that all the issues that is confronting the health sector would be completely eliminated. This is because blockchain will provide better clinical trials, electronic health record for everyone .
I am inviting @simonmwigwe, @preye2 and @olabillions to this contest.
Because of the transparency that comce with Blockchain technology, Blockchain technology help improving trust and willingness a Customer would want to patronize a trader, business or organization.
For example: if I want to by a phone and they are two different e-commarce site that sells their phone, if site A is centralized and site B is Decentralized Blockchain, I would gladly chose the organization with a Decentralized systems because it more transparent.
In a well developed Blockchain technology no party can cheat the other party because the smart Contact ensure all party gets their share evenly.
Thanks for sharing such awesome knowledge
wishing you success.
Yh almost everyone excluding our wild leaders who seem to have no idea or have decided to turn a blind eye of how the blockchain can help us.
Yh we can say this because blockchain gained a lot of popularity after btc gained popularity.
Yes, this always tend to benefit business who want to grow their business world wide. While they can connect with clients worldwide , their clients too can make payment without having to worry about huge transaction fees.
Abandoning your old legacy system for the blockchain is worth doing as they will not only experience rapid growth in business , they will also grow to love the blockchain.
Honestly, I agree to all what you have said about blockchain. Thank you for sharing your post.
Yes, if we send money to each other from banks, it takes a lot of time. Some banks also have a holiday in our country and it becomes very difficult to transfer money on this day. I agree with you that Blockchain has solved this problem for us and now we can send crypto to any of our loved ones from anywhere. I am grateful for the Blockchain technology that helped us so much.
Some patients are old and they do not take care of their reports and lose them and it is very difficult to get them checked up later. But if the same reports are placed on the blockchain, it will be very easy for us and it has been proved in the blockchain.
Thanks brother for you good and quality article. I invite you to visit my and other participants post and engage with us. I hope you will visit and engage. Best wishes
Greetings 🇵🇰
Thank you so much for stopping by I appreciate your comment.
This is a really good advantage of blockchain. People can make transactions from anywhere in the world.
Yes sir. Thank you for reading my post.
Your post was upvoted and resteemed on @crypto.defrag
Blockchain is the future of technology but some persons are still not aware of it. They don't believe in cryptocurrency, they possibly have not heard about it. It's a pity for such people that in this digital age that we are in, they are still aliens to what's happening now and what will happen in the future. It is theirs to lose.
This is really worth reading and this helps me a lot to get an idea about the blockchain.
Thank you fir stopping By
You have written a good post.
One of the advantages you mentioned was that Blockchain will increase business efficiency..I totally agree with you. The business sector and the health sector are the major sector that I believe will benefit the highest from Blockchain technology.
I do wish you the best of luck in the contest