Steemit Crypto Academy Contest / S2W3 - Blockchain in our lives. by @shylock2002
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As we speak blockchain technology happens to be one of the fastest technology in our present world. Even though blockchain was developed it has not been so long but trust me, it has been able to assist our daily actions. Some of our daily actions that blockchain is assisting include our health sectors, School or education, Politics, and many more.
As I just mentioned earlier blockchain technology is improving or assisting human dairy action, but has been some problems that are causing or reducing the endorsement or approval of blockchain technology by some countries, due to some factors and I will list some of the factors which are stopping some countries to adapt to the blockchain. But before I start with these factors, I would like to share my opinion on blockchain changing our everyday life.
So blockchain is helping to keep away prudent information about people, from the world so the privacy of people's data on the blockchain is more effective and it also improves value to people.
So blockchain is helping in our financial sector, blockchain technology is making sure the world starts to accept or approve our currency for all the countries in the world, and this currency happens to be CRYPTOCURRENCY. with the cryptocurrency it is going to help improve transaction activities such as clarity, fees, safety and many more.
So blockchain is helping in elections, blockchain technology has been created in a way that it can be used for elections or voting, to help promote peace and fair election. Because with the use of the blockchain every citizen sees all the activities which are going on in the blockchain and with the blockchain it is unchangeable, and this will help bring peace.
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Blockchain is immutable: one of the main reasons why blockchain is adopted by a lot of people is the fact that it is immutable (changeable). So with the blockchain, every information sheltered there cannot be touched or changed and also permanently keeps all transactions activities.
Blockchain is decentralized: since blockchain is decentralized it usually limits the expense and also the time waste on its users. With the blockchain, there are no third parties when it comes to transaction activities, so users are free to carry out transactions anytime and very fast with fewer charges.
Blockchain has high security: a lot of people normally adapt to blockchain due to these security purposes. With the blockchain, every user has their keys or password for operating their blockchain and it can only be used by only users involved in the transaction process. Also whenever users carry out transactions all the data or records are been stored on the blockchain and it remains forever.
Blockchain has a fast and effective transacting process: whenever it comes to transactions processed on the blockchain very fast, in less than a minute the user transactions will be carried out successfully, this is also why users are adapting to the blockchain technology.
Transaction activities cannot be overturned: one of the reasons why people are not adapting to a blockchain is the fact that transaction carried out on the blockchain is unable to be reversed. So anytime users try to make an invalid transaction their transactions cannot be reversed back and they might lose all their capital.
Hide identity: one of the reasons why people are not adapting to a blockchain is that users' true identities are always not shown when it comes to transactions activities, because their identity is not shown some users take the chance to engage in fraudulent activities and all these fraudsters or hackers are unable to track them because their identity cannot be seen to be used for any investigations.
Low levels of knowledge by users: one of the reasons why people are not adapting to a blockchain is low knowledge by the users about the blockchain. As we speak a lot of users have no idea how the blockchain operates and this is stopping them from accepting it, with the blockchain it is also very difficult for newbies to understand because it has a lot of features in there.
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From my own experience, I can boldly say blockchain is having a great future. Since the world is improving I believed blockchain has now become part of our daily life. In the year 2009 that was when blockchain came into existence when the first cryptocurrency was created which is Bitcoin, since then we see the blockchain growing as developers are always creating new cryptocurrencies on the market. So the future of cryptocurrency is really good and it keeps on improving every day as people are adopting it.
As we speak blockchain technology is always playing a role in our everyday activities and has now been able to improve the daily activities making them valid and simple for everyone. When it comes to blockchain all transacting activities are very fast, clear, and well secured in the monetary market. This is also helping to improve the world financial system.
When blockchain is adapted to be used in election or voting time, this is going to limit all the delays, stress, and conflicts during elections, because when blockchain is adopted by the state citizens can freely be at their homes and vote for their choice without going through any difficulties. Also with the blockchain, everything that happens in the ongoing elections are been made clear to everyone, so it is very difficult to cheat and things cannot be changed on the blockchain, this normally helps to reduce war during election time.
Blockchain technology is impacting the health sector. With the help of the blockchain, patient files are easily stored or sheltered in the best place with the patient has any problems. After the implementation of blockchain in the health sectors, it has been able to eliminate the olden style of storing patients files, that is the traditional data storage, with this style of saving patients files, everyone can have an access to or edit it, with the blockchain things stored in here is unchangeable.
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When it comes to the health sector, the adoption of blockchain is doing a great job at the health sector, and I will be listing some of the positive jobs done in the health sector.
Keeping all tracks of medical supply: as I stated earlier the blockchain technology is decentralized, making all the ongoing activities in the blockchain to be clear to everyone. It clarifies it normally assists the health laborers to be storing all the tracks of all the health medicinal products of their patient in the health sector worldwide. This makes it possible for all the medicines or drugs which has been delivered to their patients are not negative or fake drugs and also to assist them from misapplying the drugs.
Consolidated records of health data: when it comes to the blockchain it plays a major role in the health sectors, that is health data that has been stored in the blockchain is consolidated. So anytime a patient's health data is been stored on the blockchain it makes it worldwide, that is patients can freely move from their own country to another country for treatment and their health data will always be perfect and permanently unchanged, unlike the traditional style of keeping patient records, there is always disagreement on the health data of the patients.
MEDICAL CHAIN.
The medical chain happens to be a decentralized platform, this is there is no third party in there, which usually permits users' health data records to be more protected, clear, and also fast. With the medical chain, it was mainly designed for purposes for users' health data records to be saved in the area, this makes it very easy for other health staff to easily get the health data of the patient of their original or first health problems and also make it simple for the health staffs to know the treatment given to the patient at first.
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CONCLUSION
I would like to end my task here. I believe it would be everyone's wish if blockchain is fully adopted by everyone in the world because it improves our daily activities. Also, the blockchain is playing a vital role in the health sector, education, farming, politics, and many more. This should tell you the blockchain has a bright future, so I blockchain in the next 10 years to come everyone around the world is going to adapt to the blockchain.
Very nice explanation by you dear brother.
Yes yes the block in technology has impected the whole world in a very positive manner and we can see a very bright future for the blockchain technology. The adoption of the blockchain technology in the different fields of daily life has impacted positively especially in the health sector in the education sector in the sports in the businesses in recording the data and many impressive uses.
Yes friend, this is really a huge disadvantages of the adaptation of blockchain technology. I still remember that time when I lost some funds due to mistake in my address. There should be some notable steps for this improvement.
Thanks a lot for sharing with us and I wish you a very good luck. Don't forget to visit my post as well.
Your post was upvoted and resteemed on @crypto.defrag
Blockchain was developed a long time ago but was not popular. The thing is that it gained popularity after the lunch of btc and its blockchain.
Yes, for some reason I sometimes see this to be as advantage. It only becomes a disadvantage when someone makes a wrong transaction.
It is because of this feature that is why we are calling for it it be used in the world so that fraudulent activities at our work places will be stopped .
Yes, this has stopped a lot of people because they feel it requires too much technicalities and they are not prepared to go through that stress.
Thanks for reading through 🙏🏿
Well, not being able to overturned already made transactions can be good or bad.
Your opinions are nice, well done.
Thanks
You have said It correctly. Blockchain is the fastest growing technology since it's inception in 2009..it has had tremendous impact in our lives.
You have rightly mentioned the advantages and disadvantages of Blockchain. The disadvantage of irreversible transaction id both a good and a bad one.
I can also see medical chain is widely used because alot of people are writing about it and it is very good too .
Good luck in the contest
Blockchain is vast and emerging very well.
It sure have a bright future. Especially in the health, transportation and business sector, the use of blockchain is very vast. It helps the efficiency and effectiveness of these sectors and others.
Thanks for sharing your thoughts with us.
Thanks for reading through 🙏🏿
I appreciate how clearly and thoroughly you explained each point in your post. I like it overall. Yes, blockchain technology is the cryptocurrency of the future. Without it, new and better innovations are not currently possible.
Friend, one of the biggest disadvantages of blockchain is that you your identity is kept private, which is a bad thing. And taking advantage of that, other people transfer illegal transactions through it which is a very bad thing and that is why people are afraid to adopt it. If these things are overcome then it will be very good for blockchain technology and people will use it faster their people.
Thank you very much for participating in this contest. I request you to visit my post too about this contest.
Greetings 🇵🇰
Thanks for reading through
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Comments/Recommendation
You did great in your explanations. Thank you for participating in this contest.
Total|8/10
Thanks prof
Hello friend,
Greetings from Nigeria.
This is a very correct statement. It will help so much especially my country where Rigging of votes has become the order of the day. Citizens has lost interest in elections as they feel their votes will never count. Adopting blockchain will improve on this sector, as well as every other sector. Kudos friend.
Thanks for reading
Very nice talk. In fact blockchain technology is such a technology, information can be recorded here very easily and any information can be viewed by anyone very easily. Once the information is entered. It cannot be changed. So if any disease information is entered, it will be very beneficial for the patient later.
Thanks for reading through