Steemit Crypto Academy Contest / S2W3 - Blockchain in our lives. by @maepoong
Dear steemians,
On this third week I am trying to take part in a homework assignment Contest for cryptoacademy about BLOCKCHAIN IN OUR LIFE.
Blockchain is changing everyday life for everyone, what is your opinion on the matter?
Talking about Blockchain issues, of course, it has changed our daily lives drastically and significantly. Many things have changed the order of our lives which of course is caused by the Blockchain itself so that financial institutions are greatly benefited by the presence of this Blockchain, isn't it crytocurrency that is produced by This blockchain is changing our daily lives and getting huge benefits as a real example that we don't deny.
The example it produces is a decentralized social platform so that we can interact with other people without limits and can benefit here, isn't this a change?, So this change is highly expected by all parties to achieve a pleasant life without having to worry about various things. kinds of criminal acts that steal their social platform accounts, because Blockchain-based social platforms protect our privacy with very high security.
In addition, the Blockchain function is to store digital-based data so that the data we store is very safe, it is impossible to be hacked by irresponsible ignorant parties, to misuse our data as criminal acts and others.I think this is a very real change in our daily lives with the presence of Blockchain.
In addition, Blockchain can be applied in supply chain monitoring, when the supplied goods are moved, the information about the goods is managed securely so that the goods can go to other places in the world and the goods monitoring work is more effective.
Blockchain technology is also used to prevent fraud in voting cases to make voting more secure and efficient.
Apart from that, Blockchain technology is also applied in production, e-commerce, healthcare, education, agriculture, entertainment, etc. Hence, we can see the popularity of this platform in all areas of modern life.
What are the main advantages and disadvantages of adopting the use of blockchain in everyday life?
The advantages of Blockchain in our lives include:
With Blockchain, transactions are carried out more accurately and can reduce risk and avoid various errors.
No need for a 3rd party to confirm or get things done. So it can save time and cost of implementation
Security is more guaranteed, Blockchain technology is applied, so transactions are carried out safely and almost no one can commit fraud. If you want to do a hack, the hacker has to penetrate all the nodes in the Blockchain and change most of the data in the ledger.
In addition, when using Blockchain , remittances become more efficient, including international remittances.
In addition to the advantages of Blockchain technology, there are also disadvantages when using it, namely:
When processing transactions, the speed is limited, only 4.6 transactions per second, so it is limited and depends on other networks to make transactions.
When using, participants need to make payments for high energy costs, which sometimes puts pressure on the environment and makes transactions more expensive.
Participants may have their assets stolen, for example, unsecured keys or stolen keys that affect their assets and affect their access to their accounts. Therefore, when doing so, it is necessary to ensure that user accounts are safe and protected.
Sometimes there are cases of intrusion by cybercriminals that affect the privacy of participants. And these actions are also very difficult to track and handle.
Discuss the future of blockchain, and how this technology is impacting the world.
As information technology develops, the emergence of blockchain has created a new trend that brings many benefits to all different industries. Blockchain helps secure financial transaction data and avoid the risk of hacker intrusion. This is something extraordinary and gets a very positive response from all parties.
Assets that we often see can be intangible assets or tangible assets such as houses, cash, land and assets such as patents, intellectual property, etc. All products have value that is tracked and transacted on a blockchain based network.
It is a promising platform because blockchain can reduce implementation risks and costs. It also brings transparency in every transaction made.
Thanks to blockchain, cryptocurrency market transactions and NFT ownership transactions or Defi smart contracts can be securely recorded. And if there are hackers that they want to get into the blockchain, they have to change every block in the chain and in every form of the distributed chain, then according to our analysis Blockchain has a very bright future.
What is your opinion about the implementation of blockchains in the health sector? Has the implementation been positive or negative? Explain a use case.
In my opinion, the implementation of Blockchain in Sanglah hospitals is useful because many difficult things can be broken with the presence of Blockchain technology, among others, to store patient data and diagnose the disease they are suffering, making it easier for pharmacists to give the right medicine.
Cases of errors in giving drugs to patients certainly occur a lot because patients usually forget the diagnosis that has been given by the doctor to him, so that pharmacists are confused about giving drugs, so if this Blockchain technology can be applied in every hospital, errors like this can be minimized or even non-existent. at all.
Accurate patient data and diagnosis of the disease they are suffering from is the most important thing to be stored on Blockchain technology because it has high security, this is my opinion about the importance of implementing Blockchain-based technology in the health sector.
It's nice to be able to take part in the Steemit Cryptoacademy Contest on the third week, my warm regards to seniors @drqamu , @msquaretk , @malikusman1 , @josantos , @yakspeace , @chiabertrand and other seniors in steemit cryptoacademy.
Blockchain is not only about Bitcoin and Defi. Even in Defi , networks that followed Bitcoin have solved scalability issues to a great extent.
Yes , the financial tokens that follow proof of work algorithm have to face such issues. But the good thing is that majority of the networks follow other consensus algorithm that are energy effective.
You are right. Despite high security cyber attacks have been seen on networks . But the good thing is that it is comparatively secure than our conventional system.
Nice and informative post .
Thank you for the comments, criticism that really builds my motivation to continue working here, once again thank you very much.
Nice Entry dear friend. Blockchain is a technology that has come to stay. It’s future is very green. I like the fact that it is easy to use, permissionless and has helped to eliminate the issues of middlemen. Kudos!
Facts prove that Blockchain-based technology really helps people to feel comfortable in all fields, thank you very much friends for reading my post.
Dear now we can protect our data with the help of blockchain technology very well. Blockchain technology also provides authentication utilities, including operational, regulatory, enhanced visibility, and traceability. Its decentalized nature is also incridible.
Yes the implementation of blockchain technology can be very beneficial for us. Because now we can store the paitent data, medicine data and other hospital data on blockchain very well.
Brother thanks for you invitation. Your post is really athentic for us. Please visit my post and engage with me also. I am waiting.
Greetings 🇵🇰
Thank you mate, I will try to give the best according to my ability, and I am very happy to be in touch with you, I will definitely do it, again thank you very much.
Yes I think introducing it in the supply chain industry will really go a far way to help the produces and investors are some of the people who are incharge of packaging and offloading the products end up tempering with them.
yes this is true, but I think you should ask is specify that this is also particular to the btc blockchain.
Yes, I think the NFT space has showed us that this is highly possible and that the future is bright.
You are right that this deficiency occurs in btc, and I realize that this is a mistake because Blockchain-based technology is not only applied to bitcoin, thank you for the correction, it is very useful.
This is due the cryptography technology of blockchain where transactions or messages are encrypted with public and private keys and can only be decrypt by the parties involved.
That's right, because parties who are not directly involved, it is very difficult to access it, unlike other technologies that are not based on Blockchain. Thank you very much friends for reading our article.
Very true, blockchain can be applied in all sectors of the country to keep track and records of everything and to facilitate better functioning of the society as a whole.
Thank you very much for reading our article this time.
Thank you for inviting me, you have written very well about the blockchain technology, it has really help us in many ways most especially in the health sector. I wish you the best in the contest.
I hope so too, have a nice day, I'm very happy to be in touch with you through the Contest on steemit cryptoacademy. thanks a lot friend.
I like this topic very much and talked about a very important topic. In fact, if blockchain technology is applied to supply chain monitoring, then all product information can be kept secure. It will be much easier to work. And if blockchain technology can be applied to many more tasks in our human life, then our work will be much easier.