Quote from: dothebeats on April 27, 2018, 11:48:41 PM

This has been discussed before: blockchain would be the tech that would change how the world handles things. If we think that computerized ledgers and databases are already advanced and secure, what more if we would be able to integrate a transparent yet pretty darn secure tech on the way we handle our records? This would be a cost-effective record keeping technology if implemented perfectly, and it's just one application of the tech. It could be implemented literally in almost every banking and finance services alongside automation processes in the private and public sector.

Quote from: boled on April 27, 2018, 10:40:26 PM

This means the world has unconsciously received the presence of Bitcoin. Due to evidence of security and speed of blockchain technology brought by Bitcoin. I believe that bitcoin has a bright future, and countries in the world will simultaneously recognize and legalize bitcoin.

They see bitcoin as the first true application of the blockchain technology and it proved to be successful. However, I think that there still wouldn't be a paradigm shift towards bitcoin as everyone is still busy cuddling their fiat and banks. People would gladly accept the tech but bitcoin? It still has a long way to go IMO.

that means it's our duty to explain to everyone, perhaps through an explanation of blockchain. Because it looks like blockchain is getting popular, and can be widely accepted without major obstacles.

Quote from: Hydrogen on April 27, 2018, 11:50:54 PM

Quote from: boled on April 27, 2018, 10:40:26 PM

Blockchain not just about bitcoin and virtual currency, at least this is happening in my country (Indonesia), the latest news that the General Directorate of Taxes provides taxation services by adopting blockchain technology. They believe that blockchain technology can be a more transparent taxation solution in Indonesia.

That is an interesting train of thought. I think they might be right on that although a big part of it will depend upon details of implementation and whether it will be possible to use things like VPNs, proxies or TOR to anonymize certain aspects of transactions to some degree. Of course there is plenty of theft, fraud, money laundering and market manipulation in regulated markets. An introduction of blockchain technology could actually decrease the amount of fraud and crime in regulated markets as many things would be logged and transparent for the world to see.

Have banks really deployed blockchain technology en masse? I think that article confuses small scale test runs of blockchain technology utilized by banks for full scale support. It is doubtful banks have embraced or rolled out blockchain technology this quickly.

The first sentence I agree, that blockchain is now the most secure centralized technology. transparent and fast. Bitcoin has proven this.
About the implementation of various banking and non crypto companies, I dont know much yet. It's also my goal this thread, to get a lot of information, and learn a lot from bitcointalk members.

Quote from: timerland on April 27, 2018, 11:51:52 PM

Of course blockchain isn't just bitcoin.

But bitcoin is the first currency that uses blockchain technology. That's why there are so many people who swear by it and are willing to put money into it. But that doesn't mean that blockchain technology is only limited to bitcoin, or even transaction making.

Lots of governments are currently launching their own blockchain/cryptocurrency programs, where they aim to have more direct control over the economy and taxation. Blockchain in this instance is applied in a completely different way than bitcoin, since it is centralized.

The government should not be allergic to Bitcoin, but appreciate it by receiving, and making it lawful for its citizens.