Steemit Crypto Academy Contest - S2W3 - Blockchain in our lives by @malikusman1

My friends, blockchain is a wonderful technology and it has eliminated many of the problems of the world. Blockchain technology is a very new and it has caused a stir all over the world. Blockchain technology has solved a lot of people's tenshions and people are very happy with it, they consider it a blessing. Blockchain has changed a lot over time and people are using it in droves.

Friends actually, Blockchain is a distributed, unchanged database that makes it very easy to record transactions and manage assets in a corporate network. An asset, such as a cryptocurrency, a house and many other related things is an example of an asset. On a blockchain network, virtually anything of value can be recorded and traded and it is helpful for people in their daily lives. Below are some tips that show how blockchain helps us in our daily lives.

• HELPFUL FOR LAND RECORDS

Friends, in some countries people illegally occupied the lands of others because the owners did not have records. This was an important issue but Blockchain solved it very easily. Many countries have now implemented blockchain to protect the ground data of their people and this is very helpful. Because of this, no one can illegally occupy another's land because the entire record of his land is already on the blockchain and it is difficult to change it.

• HELPFUL FOR ELECTIONS

In the past, in some countries, the Prime Minister or the President was elected on the basis of paper voting. And because of the paper voting, there was a lot of confusion. And it was very easy to falsify papers. But now in some countries, all voting data is now on blockchain, which means that no one can manipulate the vote. Blockchain have also reduced the chances of the fraud in the elections and this time Pakistan also intends to manage elections through blockchain.

• HELPFUL FOR HOSPITALS

My dear friends, thousands of patients come to the hospital every day and it is very difficult to manage all their data in a system or papers because system or papers may be lost. But now there are many hospitals around the world that save their hospital data on blockchain because it is much easier to check the data from here and his chances of getting lost are also zero percent. So we can see that Blockchain also solves the problems of hospitals.

• HELPFUL FOR EDUCATION

Millions of children around the world go to school and university to get their education. It is not safe to keep all their data in one system. But Blockchain have also solved this problem and now many schools and universties all over the world save their data on blockchain thats impressive.

So from the above we can gauge how blockchain is making our daily lives easier and changing. Blockchain is indeed a wonderful technology and it has alleviated many of the hassles of people's daily lives. It is also solves the problems of other institutions like banks, bussiness etc.

WHAT ARE THE PROS AND CONS IN, ADOPTING THE USE OF BLOCKCHAIN IN EVERYDAY LIFE

There are many advantages to using blockchain in our daily lives but at the same time there are some disadvantages as well so let's first see what the advantages are. If I talk about the benefits of blockchain, then post will be much longer. I will tell you some of the benefits.

Advantages

• DECENTRALIZED NATURE

The first advantage of Blockchain in our lives is that we do not need any third party help. Sometimes if we go to the hospital the rush makes it very difficult to get our data from the management and we have to work very hard to get our data form the third person but with the help of blockchain we can see our data very easily. So, its first benefit in our daily life is decentralization.

• TRANSPARENCY

Another major benefit of blockchain is its transparency. Because of this blockchain advantage, we can avoid a lot of fraud. Because all the data is on blockchain and we can see it at any time. This data is very transparent. Transforming data is very difficult but also impossible, the second biggest advantage of blockchain is transparency in my view.

• SAVING OF TIME

Saving time is also one of the benefits of Blockchain, which is very important in our lives. Because if we need our record we can sit at home and check our record with the help of blockchain which can save us a lot of time. Besides, if we want to send money to someone with the help of blockchain, we can send it very fastly because the transaction speed of the blockchain is also very fast as compared to banks.

• SECURITY

Blockchain is very secure and private. With its help we can make many transactions easily in our daily life securly. Because if we transact through blockchain, it does not share our personal information, which is a very good thing and also a great benefit. Because Blockchain only gives the information of our wallet address not about our name etc.

Disadvantages

If there are advantages to something then there are disadvantages as well because nothing is one hundred percent perfect. Now I will tell you some of the disadvantages of this technology. So let's start.

• LESS ADOPTION

Because it's a new technology and it's not so much famous in this world. Most people are not aware of this yet and do not know how blockchain technology works. People use it very little because they don't know much about it and that's why its adopted less. So the first disadvantage of this is that it is less adopted because it is not popular.

• CHANCE OF ASSETS LOSS

We are right that we can transfer money to each other very quickly with the help of blockchain transactions. But in this hurry we can also do a loss. If we transfer money to a wrong address with blockchain transactiom then it is very impossible for us to recover this money and in this way we will lose our assets and will face huge losses. So this is another disadvantage of blockchain technology which will harm us by sending payments to wrong address.

• CAN BE USED FOR ILLEGAL WORK

One of the disadvantage of blockchain technology is that it can be used for illegal purposes. Because whenever we transact through blockchain , our personal information is hided. And by taking advantage of that, people can buy and sell drugs from each other. It can also be used to buy illegal weapons and other these like things. Therefore, the transfer of money with the help of Blockchain for illlegal purposes is another disadvantage of Blockchain.

• CHANCE OF HACKING

Anything that is online can be hacked. And blockchain technology is also online, and it can be hack. Blockchain data can not be changed at all, but our assets can be hack, which is a huge loss. Also, if we lose our private keys, it will be difficult for us to rocover the assets. So, these are some of the disadvantages of blockchain technology in our daily lives.

DISCUSS THE FUTURE OF BLOCKCHAIN, AND HOW THIS TECHNOLOGY IS IMPACTING THE WORLD.

Blockchain technology is at early stages and has helped a lot of people and we should not doubt about the future of blockchain technology because its future is absolutely very bright. Because numerous sectors are being transformed by blockchain technology relatively. It offers an automated system for conducting business and maintaining financial records.

For banks and businesses, this equates to a quicker, less expensive option.Numerous changes are coming for business and our way of life as this new technology spreads and advances. So from this we can guess how useful blockchain technology. It is secure, fast and very private type of technology thats really helpful for the problems of many people.

With all these things in mind, we can estimate that how bright the future of blockchain is. In addition, blockchain technology is having a huge impact on the world. Because many business owners are now adopt blockchain technology in their business due to its incredible benefits.

The use of blockchain technology is spreading throughout the information technology industry and impacting the world very strongly. The majority of people are aware with well-known blockchain currencies often referred to as cryptos, including Bitcoin (BTC), Ethereum (ETH) and many other cryptocurrencies. But blockchain is now much more than just a platform for online payments.

Because it is also adopted by many big business companies like Consensys Quorum, LVMH, MediaChain and many other big companies. And if we talk about the total number of crypto users in the world who use blockchain technology for their transactions, there are more than 300 million of them. So, here we can gauge how blockchain affected the world.

WHAT IS YOUR OPINION ABOUT THE IMPLEMENTATION OF BLOCKCHAINS IN THE HEALTH SECTOR? HAS THE IMPLEMENTATION BEEN POSITIVE OR NEGATIVE? EXPLAIN A USECASE.

My dear friends, Implementation of blockchain technology in the health sector is very beneficial for the hospitals. Its will brings many positive impacts in the field of health sector if it implemented in health sector. Because many difficulties of the hospital can be managed with the help of blockchain technology. In the healthcare system, a blockchain network can be utilised to store and share patient data amongst hospitals, diagnostic labs, drug companies, and doctors. Lets discuss in detailed.

• FOR STORING PATIENT DATA

As we all know that whenever we go to the doctor for a check up, he gives the patient a report which is in paper form. And the patient's paper report is sometimes lost by the paitent and when the patient goes to the doctor again without the report, how can the doctor check that person, thus the patient and the doctors face a lot of problems.

And if the same thing is done with the implementation of the blockchain, then the patient's data can be permanently stored on the blockchain and it will be beneficial to both doctors and paitent. Therefore, we can gauge the positive implementation of blockchain in the health sector.

I am inviting @drqamu, @msquaretk, @tamighty, @josantos, @lhorgic, @yakspeace, @jueco and @chiabertrand to take part in this contest.