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Greetings! Fellow steemians.I am excited to be part of this unique engagement challenge and also to participate in this amazing community. The topic is so interesting which is, to share my opinion about blockchain and also to share further on how the blockchain is been used and the changes thereafter. Please keep reading as we flow and understand blockchain in our everyday lives.
Blockchain changing everyday life for everyone.
Blockchain is simply a technology that controls transaction settings such that it doesn't create the idea of any third party. Blockchain also creates no doubts in individuals' minds because of the transparency it has created when it comes to transactions. In instances of using conventional currencies, for any transaction, a third party comes in which is the cashier but using cryptocurrency, blockchain has made transactions in Cryptocurrency transparent without any third party. The uniqueness of blockchain technology is that it saves data, and accepts no changes, and also blockchain is a ledger that keeps records of transactions.
Blockchain is a database, structured in such a way that, would respond or work as programmed and also according to the instructions given.
The most trusted used platform in making transactions using especially cryptocurrency is the Blockchain. blockchain is widely known to keep records of finance secured such that, when the real owner is not the one on the reflect, the blockchain helps to reveal such.
Bloch chain is been used in so many sectors such as financial institutes, health sectors, and so on, blockchain is a well-known technology through digital currency users(cryptocurrencies).
Through the use of blockchain technology, it hastens transactions making them cheap, fast, and secure for the owners. Blockchain is uniquely designed to claim ownership by giving the exact time of the transaction in other to track the owner.
My opinion and views
Blockchain in our everyday lives is very important in our daily lives for the following reasons:-
The use of blockchain, gives room for privacy and also ensures that services are done in accordance.
Blockchain gives no chance for human help an example is that of the cashier in the bank and the customers in the bank.
Blockchain keeps records of every transaction or movement made by individuals.
Blockchain is very useful in so many sectors.
The main advantages and disadvantages of adopting the use of Blockchain I our lives.
For every advantage, there must be a disadvantage. Blockchain is very significant to our lives.
Below, are the advantages and disadvantages of adopting Blockchain in our everyday lives.
Advantages
Transactions are very secure using blockchain technology especially to informations that are very confidential and sensitive.
Blockchain has made transactions fast
Therefore, does not allow owners to waste much time, not unlike conventional currency.
With the help of blockchain, owners are been protected so as not to face any risk of being scammed.
Blockchain has created room for privacy for owners or individuals by giving no chances to third parties when it comes to financial aspects.
Disadvantages
Blockchain is somehow restricted to a particular amount it reaches for a transaction per day which would make the transaction very slow to complete and also other things that are been restricted.
Though the risk is very rare. Some of which are the loss of private keys and I never believed private keys could be lost not until I heard of an incidence of private key loss by an owner. This has become a disadvantage of blockchain.
Another is that the blockchain permits no changes once it's been recorded which we must be careful while transacting.
The future of blockchain and how technology is impacting the world.
Blockchain is gradually making our world grow beautifully. The blockchain has solved so many problems unlike the restriction of third parties to peer-to-peer transactions which in turn, transparency enhances people's trust which will make the adoption easier.
Blockchain technology makes other technology acceptable for transactions with other sectors which makes the blockchain versatile.
Our world today is gradually becoming digitalized whereby most industries, companies and so many sectors are into the blockchain technology system which makes their work faster and neat. The use of blockchain is gradually making our world become digital and will completely be in the future.
Blockchain presently solves most of the world's problems which is an indication that, in the future, more work and problems will be completely eradicated by the use of blockchain.
The implementation of blockchain in the health sector and an exemplary case study.
My opinion on the Implementation of Blockchain in the health sector would be of great benefit and development to our world.
In most hospitals, information that needs to be confidential are been sometimes exposed which is very bad because a patient's health information especially that of an individual's health should be confidential.
The presence of blockchain would help in keeping an individual's privacy.
In most health sectors, papers are been used for keeping records or results in folders which Is a manual system operation and the information in the folders can be sent to different health personnel. Coming to use computer presently, different people get to have access to that information.
Blockchain technology has solved so many problems in the health sector.
Blockchain is a technology that would store, update and properly keep individual's information
for further demands.
With the use of blockchain in the health sector, it would be in such a way that information will only be seen by workers in the right positions to see it.
With the use of blockchain technology, it would make all information well protected and kept safe which will not be missing even when the owners in years or centuries to come.
Personal Case Study:
I finished from the college of health and was taken to one of the clinics to patch up in my town while I wait for my admission into nursing.
While working in the clinic, I had access to see so many patients' information, especially people I know from home visiting the clinic which is supposed to be confidential. I had access to it because I was more of a messenger to the doctor and I was as well looking into some folders which are only to be seen by the doctor.
The use of Blockchain has helped so well in the health sector which makes every transaction transparent.
In conclusion, the implementation of blockchain has brought positive results to the health sector. Thank you all for visiting my post, I invite
@yakspeace,
@josantos, and @ simonnwigwe to come to participate in this contest.
Indeed the implementation of blockchain have bring positive change to our society, it has affected many sector. You have explained so well about the blockchain in our lives my dear friend. I wish you all the best.
Thank you greatly for your comment, its very true that, blockchain has brought a positive change dear, wish you the best my friendship.
You are welcome 😊
Yes blockchain does all this but blockchain is not only about currencies. The crypto part is only one tiny part of blockchain.
Blockchain can be used to store data, can be used in the sports industry, entertainment industry, health sector and others.
Yes, which is why we are asked mostly not to have our private let’s saved at only one place but we should save our private keys at multiple places offline to prevent us from loosing our accounts.
If someone has used the blockchain, I don’t think he will wanna go back to using the traditional system . This makes me not ever want to go to the bank but since we have not adapted blockchain In my country there is no way you won’t visit the bank .
Waw! You have really taken your time to go through my post, i appreciate your presence and wish you the best.
Blockchain technology is really helpful for us because there are so many benefits to adopting blockchain technology in our daily lives.
It's a decentralized system, it's fast and in the absence of a third party. One another advantage of this is that its transaction fees is also low if we compared it to banks or other institutes.
With all of these, there are some disadvantages of blockchain as you described like less scable and risk. Thank you for sharing this article with us and for giving us knowledge. I hope for your success.
Please come and visit my post also in this way we can engage with each other.
Greetings 🇵🇰
Hi! @malikusman1, i honor your presence in my blog and appreciate your comments thank you somuch and wish you the best.
You have made an important and we'll detailed entry. Your opinion on the Implementation of blockchain in the health sector is great. I also agree with your analysis of how the future of blockchain and how technology is impacting the world
Your post is well structured and detailed..
I wish luck in the contest.
I humbly request you to visit my post my link
Thanks @kennydavebobo, im glad to have you in my blog, i appreciate your comment and i wish you the very best.
Hello friend,
Greetings to you.
You have given a lovely entry on the value blockchain has in our lives. Blockchain is decentralized which has made it possible for anyone irrespective of social background and class to access it. In the healthcare sector it has helped people from different regions and country gain access to doctors, as well as helped in the keeping of medical records. Kudos.
Thaanks @merci26 for your warming comment, thanks for your presence and i appeeciate. Keep steeming dear.
With the use of blockchain, you wouldn't have been able to see the information of patients that visited the hospital. It was because the hospital you worked used a centralized approach to keep their records.
Nice talk. In fact, blockchain technology can solve many problems. It also makes me think that if there is a problem in any work in the future. Then using blockchain technology will solve all those problems.