Steemit Crypto Academy Contest / S2W3 - Blockchain in our lives. by @msquaretk
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Hello everyone. It's another wonderful week again. This is another week of Engagement Challenge. The past two weeks of season 2 was awesome. This is the third week.
For my first entry this week, I'm going to be submitting to SCA community, having gone through the contest topic. We are asked to write about "Blockchain in our lives", and hints have given to follow.
So, I'm going to be writing based on the hints given. I hope you will read this post to the end and you find it interesting.
Blockchain in Our Lives
Blockchain technology has been gaining more popularity recently. We have seen how it has influenced many sectors. It has really has influence in banking and finance sectors and other aspects.
There are lots of projects which have come to be as result of Blockchain technology. Those projects would not have been in existence if there were not Blockchain.
Although as good as this technology is, many individuals and some countries have still not adopted it. This may be due to many reasons. We shall discuss this later on in this post.
But I want you to know that, since the creation of first blockchain, there have been mass adoption. Many people have seen the importance of blockchain and have adopted it.
Blockchain is changing everyday life for everyone, what is your opinion on the matter?
When Satoshi Nakamoto, the person or group of persons (no one really knows his identity, whether it's he or she or group of individuals) that developed the first blockchain, Bitcoin announced his/her/ their dream, some individuals didn't see it as something that would change the world.
SOURCE
I believe many individuals would have invested and supported the project if they had seen the future of blockchain and the impact it could make in the next few years from the time. It would have even been promoted if they knew it would be something big like this.
Since the creation of Bitcoin Blockchain, many developers have created many other blockchains which have been thriving and contributing significantly to our daily lives.
It's therefore no doubt that blockchain keeps changing everyday life for everyone. When Bitcoin was created, it has no many use cases, but today, we can see how people have adopted its native coin and how it has shaped many sectors.
Apart from that, there have been many other blockchains which have come into existence and have changed our society. Even some cryptocurrencies which were created with "having no sense of use cases" are now being used for many things today. An example is, Dogecoin", a token that was created as meme token now have many uses cases.
In addition, as a result of existence of blockchain, many people have become developers of many blockchain-based projects. And their projects have shaped our economy.
Furthermore, blockchain has given many ability to influence their communities. For example, I can write and make my voice heard here on steemit.
Also, financial life of so many people have been changed because of adopting blockchain and using one blockchain project or the other. For instance, people like us who use steemit, a steem blockchain project have received support from many which has changed our lives.
In essence, I have no doubt that blockchain is changing everyday life for everyone.
What are the main advantages and disadvantages, in adopting the use of blockchain in everyday life?
Here, I'm going to be discussing importance and some draw backs in adopting the use of blockchain in every day life.
Advantages
Convenience
One of the advantages the adoption of blockchain has brought is convenience. People don't have to struggle some things which they used to do before. For example, some companies or business now accept the payment of cryptocurrencies which has been a great advantage on the customers side because they don't need to carry cash to the shops where they need to buy goods. And also it's an advantage to the sellers to because they don't need to go to banks to exchange cheque. This adoption is really a convenience.
Saves Time
Another advantage of blockchain adoption in everyday life is that, it saves time. Some people who don't involve in transacting huge amount of money may not really understand how tedious it's to balance account and all of that. But if you have ever dealt with money and transaction, you will understand that it takes a lot of time. But adoption of blockchain and cryptocurrency saves time. You can quickly pay your clients or customers in cryptocurrency and confirm the receipt of payment on the blockchain.
Transparency
One of the importance of adopting blockchain in everyday life that should not be ignored is transparency. The adoption of blockchain will not only bring convenience, but also brings transparency. There are some things you will not need to ask since you can verify them on the Blockchain. So, there won't be argument as if the money is sent or not, it will be very clear and vivid on the blockchain.
Expansion
The adoption of blockchain may bring expansion in businesses and other areas where it's being used. Like I discussed earlier, since sellers don't have to go to banks to exchange cheque or making transaction, the deduction from banks may actually be added to increase the business.
Dependence and Control
In addition to the points mentioned, adopting blockchain in everyday life will also bring about dependency. Businesses or companies or individual don't have to depend on banks before they can save their money. They can rightly do it by themselves. And that will also bring about control of the assets; they will have control over their asset.
Having discussed some of the advantages, it's pertinent to know that there are still some draw backs which may come with the adopting blockchain in everyday life. Although the advantages overweigh the setbacks, but the disadvantages is also noteworthy.
Disadvantages
Price Fluctuation
One of the biggest issues we still have in adopting blockchain and cryptocurrency is instability of price. There's no way you will use blockchain and you won't have to use use its native token. But, we know the nature of cryptocurrencies. The fall and rise. That has been one of the greatest setbacks why it has not been adopted by many.
Fraud
Another set backs that's worth paying attention to is that, adopting of blockchain may bring about defrauding. Some people have no knowledge of cryptocurrencies and blockchain may be defrauded easily. Although, there's no mean where there won't be fraudulent activities, but I think people must be educated if blockchain should be adopted in everyday life so as to avoid being defrauded.
Discuss the future of blockchain, and how this technology is impacting the world.
It's about 12 years that Bitcoin Blockchain has been in existence and we can see how it has really shaped the world. Before the creation of this Blockchain, we knew how our world was, and now we can see its impact in so many aspects.
The impact Blockchain has made on the world can never be overemphasized. Like I said earlier, many projects have come into existence as a result of blockchain. Thanks to the person or group of persons behind the creation of Bitcoin Blockchain.
The first aspect or sector in which Blockchain technology and cryptocurrency has really influenced and impacted is financial sector. When it was created, many things have changed in this sectors. We are all aware of this.
Government of some countries aren't in support of adopting it because they know adoption of blockchain may put an end to what they get through local banks and individuals.
Apart from financial sector, it has really influenced sport and games, too. Today, we see how footballers and lovers games have adopted cryptocurrency and Blockchain.
Non fungible token NFT which is now very common and popular is as a result of Blockchain technology. People today can monetize their talents and intellectual properties through NFT. Blockchain has really been impacted our world.
What of education sector? As a result of blockchain, our educational sector has been impacted. Some kids are now going into developing Blockchain projects as a result of being exposed to Blockchain technology.
I see that this technology has future. It's the future of our world.
There are some sectors that will be greatly impacted if they can just adopt blockchain. But, I believe as time goes, there will be more adoption of this technology and more impact will be made.
What is your opinion about the implementation of blockchains in the health sector? Has the implementation been positive or negative? Explain a use case.
Like I said earlier, many sectors have been impacted. So many sectors have adopted the use of blockchain which has really been a great advantage to these sectors.
To me, implementation of blockchain in health sector will improve this sector. This reason is, Blockchain has a way of contributing significantly to the sector.
For example, blockchain, which is a distributed ledger can be used to store patients data. And of course we know that the data which blockchain stores can't be lost, neither can it be manipulated.
So, this means that doctors or health practitioners can access the data when they need to. If a patient was treated in one country, they can easily access his or data in another country without having to carry another test on such patient.
Furthermore, accessing these kind of data may be useful for further research for researchers in the related field of study. I believe solutions would have been found to some problems if the researchers have seen some information.
If you remember, I discussed about convenience in using or adopting blockchain in everyday day life. In health sector, this is also important. It will be very easy and convenient to transfer records and data of patient. Transferring of records or data has been one of the most tedious jobs in health sector. But Blockchain can give convenience in this aspect.
In addition, there are blockchain based projects which can be developed that will help improve the sector. We have seen how blockchain projects have increased and shaped the sport industries, I believe it can also have impact in health sector.
Conclusion
In this post, I have been able to explain how blockchain is important in everyday life for everyone, the impact of blockchain in our world and how it shaped some sectors. It's pertinent to know that blockchain is really the future. It's a technology which has come to really influenced our world.
Thank you for reading through my post. You can use the comment box to make contribution. I invite @ijelady, @jueco, @temitopef, @beckie96830, @steemdoctor1, @badmus-official, @olabillions, @tamighty, @ebunoluwani, @ngoenyi @patjewell, @lhorgic and @mesola to participate in this contest.
Written by @msquaretk
I totally agree with your comment on the uses of blockchain in the health sector.
Blockchain has really impacted our lives in several ways which many people have seen its value and adopted it. If we look at the society today many people are into Blockchains to learn and use them for different purposes.
Despite how good it may be, I don't think it will be good using it in the health sector. People won't appreciate their health situations been made public which is not good.
Thanks for sharing with us
Yeah. Blockchain has really impacted our lives. Many people have been able to benefit from this technology... Thank you for reading through and leaving a comment here, friend.
Kind regards!
In my opinion, in the world of health, there are still many pros and cons about using blockchain technology because there are confidential patient data that must be kept secret which should not be known by the public. And I also think that all technologies have some drawbacks.
Good luck for you...
👍
Yes. Honestly all technology has draw backs. But we can't neglect the fact that blockchain technology has many advantages, its advantages overweigh its set backs. Thank you for visiting and reading through my post. Kind regards!
Alright, I agree with you..
😀👍
The adoption of Blockchain in the health sector for me is a leg in and one leg put situation especially when it comes to price fluctuations. Fall in price for someone who doesn't have enough coins will make him or her find it difficult footing the bills instantly.
I still agree that Blockchain technology is very good to our society today because I have been searching for something convinient to do while being a student and I couldn't find one till I landed on steemit.
So for me my conclusion on your post is inconclusive 😅😅
Thank you for engaging my post. Yes, there have been some setbacks why Blockchain has not seen mass adoption in health sector. Part of the reasons is what I have discussed with @eliany. But with time, I believe health sector will also use this technology.
You know, research hasn't stopped. When Bitcoin was created, there was no much use cases of the Blockchain and cryptocurrency, but as time went by, many projects were being developed and we can see how it impacted so many aspect.
Thank you once again for visiting my post.
Kind regards!
Wow ok we are waiting for more improvements in the future then friend
You are highly welcome
Yeah... Thank you my friend. Kind regards!
Beautiful presentation dear brother. You have really nailed the importance of blockchain in our everyday live in this post. Blockchain has really been a huge blessing,I can't wait to see a massive adoption of this system in every sector of the world,I would even love to see this system embraced in the Nigeria health sector,this will help reduce a lot of records on black and white. I wish you the very best in this contest.
Thank you dear, friend. I'm also waiting for that time when we will see mass adoption of this great technology. Surely, health sector will also implement this technology and will be very useful in Nigeria... It's just a matter of time. Thank you once again for engaging my post and leaving a wonderful comment.
Kind regards!
You're welcome dear friend.
I would really like it if blockchain will be implemented in health sector as you have just explain it will make work easy for us. But my question is;
Will the patient have access to this information stored?
If the patient will have asses to it, that means we will be encouraging self medication which has killed a lot of people. Patient will not even want to come to hospital they will asses their previous medication and take again.
Also wil another person other than health practitioners have asses to the patient information? Since this information are to remain private.
Please I welcome a warm reply to this thank you, I'm learning you know we learn everyday and I don't really know much on this topic.
I learn a lot from your post
Thank you
Thank you for reading through my post and leaving a very nice comment.
To your question, I understand that there some data or reports which are not meant for the patient. Apart from self medication which may be encouraged if they have access to such reports/data, it may also put the lives in danger if they are aware of some things.
One of the draw backs in implementing Blockchain in the health sector is what you just mentioned. People are afraid that the information will be visible to everyone and which is not supposed to be.
One of the best ways to use blockchain in health sectors is that, there may be a Blockchain where only the health practitioners will have access to.
Before you can have access to such a blockchain, you must be a registered health worker. This is to avoid linking information which are not supposed to be linked.
Ok thanks for your reply, so you mean here that the patient will not have assess to his or her medical information even if they have, it will be limited to what they should know not information that are to be private. Right?
Yeah. They won't have access to private information. Some weeks ago, a guy I know went to the hospital for some medical test.
After doing the test, he was supposed to collect the result, but because the doctor knows that if he should reveal it to him, he may affect him or put his life in danger. The doctor didn't give him report. Instead he gave him what he needed.
Whereas, there's someone whom he gave the exact report to. The doctor knew the report should be given to this particular person.
So, one of the ways to achieving this is to have the database of the patience and doctor registered separately on the Blockchain. The doctor will know how to fill the database of the patient, which may contain the information he or she needs.
Now, if the patient is to be treated by another doctor, then, there can be a way where the new doctor will access the previous doctor's reports which isn't shown to the patient even from the database of the patient.
That's my own opinion. There could be more easiest and better ways to achieving this, though.
Thank you.
Ok now I understand you well, yes it will be nice if this should come up, it will ease some work load and save so many lives, instead of repeating test that was done already, the patient information could be quickly assessed and attained to. It will save costs too. Thank you for taking time to explain this to my understanding with even examples you are in deed a great teacher
Steem on
Thank you for the commendation.
Kind regards, friend.
Use case sf blockchains have increases multifold and so has adoption but lot is yet to be achieved.
Very informative post
Yes. Recently use cases have really increased. Many have adopted blockchain and cryptocurrency. Even nobody knows it will be adopted so much like this. But the truth is, there will still be more use cases as time goes on. Thank you for reading through my post.
Kind regards!
Transacting with crypto is very convenient since it prevents robbery and other form of crimes.
Yes... That's right. Thank you for reading through and leaving a comment. Regards!
Hey @msquaretk!
This is a great entry full of many insight. The level of understanding you display I your write ups are mindblowing.
The power of blockchain technology has really touched many lives but majorly through the cryptocurrency trading and investment platforms.
Thanks for sharing.
Yeah, you are right. Blockchain technology has really had great impact on finance, cryptocurrency trading and investment platforms. It's no doubt. But, it's also noteworthy that it's affecting or impacting other sectors now.
Recently, there has been a great impact in sport industries and art. For example, NFT (non fungible token) has really drawn many artists to adopting blockchain.
I'm sure you are aware of that. I believe, as time goes on, it will impact more sectors.
Thank you for stopping by, reading and leaving this wonderful comment on my post.
Kind regards!