Steemit Crypto Academy Contest - S2W3 - Blockchain in our lives - By @solexybaba

Image edited on Canva

Hello to everyone in this wonderful community known as the SteemitCryptoAcademy I welcome you all to a great weekend and also to an awesome contest that has been bought forward by the community team regarding the steemit engagement contest that is ongoing. today I will also be participating in the contest that is been scheduled in this community with the topic given to us which has been tagged blockchain in our lives. I will be providing answers to certain questions, so I beckon you all to sit tight and relax as I drop my entry.

BLOCKCHAIN IS CHANGING EVERYDAY LIFE FOR EVERYONE, WHAT IS YOUR OPINION ON THE MATTER?

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Before we move further to providing the answer to this question, it is expedient that we know what the word blockchain entails.

The world blockchain can be seen as a platform whose activities work decentralized pattern, it is been built or designed in a decentralized pattern of operation in which it stores information, activities, and transactions that are performed regarding the digital currency as a result of this, those store information, transactions, and activities can not be wiped, erased or even jeopardized and as such, all store data are kept secured and highly safe.

We should also not forget that the digital currency is in existence as a result of the blockchain development, because without the blockchain in play, the digital currency will have no resting place, and as such we get to see various digital currencies evolving regularly for this would not have been possible if there were no blockchain.

We also know very sure that the first blockchain regarding the digital currency was that of the bitcoin currency, and on seeing the success of it, we get to see many investors coming diving into the bitcoin currency as though one rests assured that his/her investment is in safe and good condition. the important aspect of the blockchain that makes certain individuals invest in cryptocurrency is because of the maximum-security it offers to investors regarding their assets. that was what triggered the fast acceptance and use of the blockchain.

People often wonder, how certain individuals make so much money in a few timeframes with what is known as cryptocurrency, but little they did not know that this currency does not possess a physical form but rather it is stored on a blockchain, and hence it is indeed making many investors rich in a short while. back then, the economy was poor and everyone was just doing his or her thing eventually, the bitcoin blockchain came into existence, and as many investors noticed that it is a profitable decision when one invest on the blockchain, most of them equally took their change by investing on the bitcoin blockchain and anyone who invested in the bitcoin currency as, at 2010, that individual is indeed rich as we speak today.

So it is no doubt that the blockchain is changing people's lives as we speak, many individuals who do not have jobs and considered the blockchain a good source of investment are now managers and employers as though they get to invest in other things with the profits they get from the blockchain. so truth be told, the blockchain has done a lot and it is still doing a lot for individuals that believe and invest in it. the blockchain is equally helping us too. many people have made money from just saving up their steem they get from this wonderful platform and as such in no time when the price of steem gets to a higher level, it will profit users as we get to see users been rewarded on posting an article in this wonderful blockchain and as such those reward I am sure will be the next bitcoin in future.

WHAT ARE THE MAIN ADVANTAGES AND DISADVANTAGES, OF ADOPTING THE USE OF BLOCKCHAIN IN EVERYDAY LIFE?

Yes, the blockchain does have certain advantages and disadvantages regarding the blockchain adoption in our everyday life as we all know, whatsoever that exists possesses these characteristics. so a few advantages and disadvantages are seen in the below table.

ADVANTAGES	DISADVANTAGES
- Keeping transaction records safe - This is an amazing advantage regarding blockchain adoption in our everyday life. with this, transactions are kept safe and they can not tamper with no matter what. all history and data regarding transactions that are being executed no matter how long will always remain intact on the transaction record in the blockchain.	- No retrieval of account when the password is lost - This is a big disadvantage regarding the blockchain. when one loses the password or keys to an account, there are no ways around it, the account and assets in that particular account are lost forever. this is indeed a big turndown when talking about the blockchain and this is why certain users are still scared of investing in cryptocurrency just because the currency is built on a decentralized system blockchain and as such, when one-loss his/her keys that account is gone for good
- No third party involve in making transactions - Another advantage regarding the blockchain is that no one gets to see your transactions, and also one can send assets to another user without the presence of a third party. unlike when one wants to make a transfer in the commercial central bank, one has to queue and then fill the receiver's information on a transfer slip and then give it to the cashier to perform the transaction. here we get to make our transactions ourselves without the involvement of a third party.	- It is not generally accepted - Another disadvantage regarding blockchain adoption in our everyday life is that it is yet to be accepted worldwide. people are still in doubt about the blockchain some governments have tagged the blockchain as a scam activity and considered it illegal in some countries just like the Chinese government. so with that, it is also a great turn down as we get to see many people not wanting to adopt the use of the blockchain.
- Quick performance in executing transactions - This is also a great advantage when we adopt the blockchain in our everyday life. we get to see the quick and high speed of executing transactions. when one wants to send digital assets to other users irrespective of the recipient location, it gets into the wallet address of the recipient in no time. so with the charisma regarding the blockchain adoption, life will be very easy and this is helping a lot of business individuals as they transact with cryptocurrency regularly.	- Fraudulent activity is inevitable - No matter how secure the blockchain is, there are certain fraudulent activities that are seen regarding the adoption of the blockchain. we can as well recall a case when the steemit blockchain was jeopardized by some individuals and s such many investors lose their digital currency on that account ever since the blockchain got strengthened we have not received any case as such, but that notwithstanding, the cryptocurrency blockchain can as well be attacked by fraudsters.
- Provide safety to assets - The adoption of blockchain in our everyday life promote safety to one's assets in our wallet. as though it is almost impossible for the wallets to be compromised by anyone without the wallet password or keys as the case may be. so the owner of the wallet is in charge and only the owner of that said wallet possesses the keys to the wallet and s such the wallet can not be login to by another person. so it provides safety to a user's assets.	- Issues of volatility- The rate at which the digital currency in the blockchain changes price every time is also down casting. the price often goes either upward or downward and as such people are scared to lose money based on that aspect of the price not being static. so this is another issue that is been tagged as a disadvantage of the blockchain adoption..

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

When we talk about the future of the blockchain we are referring to this present era that we are currently. back in 2009, investors were like, the bitcoin will gain value and more in the future and which is today. we get to see a high price in the asset value of the cryptocurrency. also back then the number of individuals that invested in the digital currency was not as large as the current number of investors today. back then I doubt if there was anything called the coinmarketcap as though we can see every information regarding a digital asset.

If there were to be anything called the coinmarketcap, we would have noticed that the number of holders regarding a digital asset back then would have been nowhere compared to the number of that same digital asset now. this is to say many people have known what the blockchain can do. after we have seen what it was back then in 2009 and what it is now, it is indeed an eye-opener to most individuals and as such, no one wants to be left behind.

Now we can see that other countries are making use of the bitcoin very well and also various companies are already accepting the digital asset as a means of exchange for their goods and services as though they now know how profitable the blockchain is. this act is drastically promoting the adoption of cryptocurrency and with that, we get to see a wonderful trend in the crypto world soon enough. I equally as a businessman, do accept STEEM, SBD, AND TRX as a means of exchange for my items because I have seen how business individuals do profits from it, and as someone who believes in the blockchain and also in the system, I would not want to be left behind.

So in a nutshell, the blockchain is equally attaining a new level more than we could ever imagine, as though we get to see various individuals, not just investors and traders but business individuals, companies, and industries accepting the blockchain as a means of payment and exchange for goods and services, it is quite a wonderful thing as we expect more in time to come. the blockchain will only keep getting bigger, every year we get to see the circulation supply and holders of certain currencies increasing in great numbers, this s indeed a positive scenario and we are expecting a huge trend in a short while.

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

Me, I vividly support the implementation of blockchains in the health sector. with this since one of the attributes of the blockchains is that they keep records and store information so well that they can not be compromised, it then needs to be implemented in the health sector as we get to see the blockchains keeping records and information of patients health condition history.

Most especially in cases of emergency, when a patient is been rushed to the hospital in a critical condition, the blockchain will help to save the time of running a test and see what is wrong with the patient. with the record and information of the patient's health history already stored in the blockchain, a doctor can easily know what to do in other to save the life of the patient in no time.

Also in a scenario where one is unconscious most especially because of low blood pressure in the body that is typically known as Hypotension, with the implementation of the blockchain in the health sector, a doctor can quickly check the medical history of the patient in the blockchain and know the blood group of the patient then administer the adequate blood to the patient in other to revive the patient quickly before any other things else follows.

I could remember vividly before my dad passed away, we went to the hospital and he could not explain how he was feeling as though the sickness was so bad that he could not talk. so no one knows how my dad was feeling, the doctors ran a different test on him but yet it was taking too much time and before they could find out what was wrong with him, it was too late already. it was at the dying minute then notice that my dad had liver cirrhosis and that was how he passed away a few days later. so if at all, the blockchain had been implemented, maybe it would have taken less of the doctor's time and my dad would have still been alive today, but they could not detect the disease on time.

So with the implementation of the blockchain in health sectors, we will see a new light at the end of the tunnel. the health sector will be adequately rebranded and also we get to see more lives will be saved with the help of the blockchain. what is expected to take an hour, the blockchain is assured to do it in a few seconds and with that, much time is saved and more lives will also be saved.

A use case of the blockchain in the health sector is the Medicalchain - The medicalchain enables patients to have total power over their respective medical information, thereby providing the patient with the authority to give out a concise version concerning their health information to all organizations in their respective medical network. so the medicalchain makes use of a blockchain to safeguard and properly handle health information and records to attain a set objective alongside a positive approach to the healthcare sector.

CONCLUSION

The adoption of the blockchain in our everyday life has impacted a lot to many people's lives and it is still in that same trend. we have seen clearly that the blockchain is now going around and touching almost every aspect of life. and we have seen how positive the blockchain is to us all. with blockchain technology, we are sure of a brighter future to come and we are assured of a positive tomorrow as we get to see new development evolving from the blockchain technology.

With all the characteristics of the blockchain technology especially its ability to keep and secure records, aside from making money, it will as well help so greatly in the health sector if implemented and accepted worldwide.

Thank you all for your time, I have come to the end of my article. I want to use this medium to invite @badmus-official, @weasell, and @jamezmccoy to participate too.