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.
In my opinion, bitcoin with its blockchain technology has many positive impacts on the world economy. Technology blockchain banks in the world is only a matter of time. Banks that have implemented Blockchain on their systems include the Royal Bank of Canada (RBC). They developed a distributed ledger technology (DLT) system based on Blockchain technology, and named Hyperledger.
Bank OCBC has also used Blockchain technology to transfer funds between OCBC branch offices in Singapore and Malaysia. The money transfer process takes only about 5 minutes.
Bank Santander. The British bank has also started using Blockchain technology in its services. Bank Santander uses Blockchain technology to service payments abroad, through new applications.
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.
Let's discuss this, share information about the development of bitcoin and blockchain you know, and express your opinion about it here, the results I expect from this discussion, can reinforce the existence of bitcoin.
Of course a lot of people know that Blockchain goes beyond bitcoin but the one that is easy to understand is the language of money that's why it seems that concentration is on the part that can bring in USD. Do you also know that a lot of people cannot even explain concisely the difference between Blockchain and bitcoin and so vast in the art of trading, ICOs, legalisation of bitcoin, SEC message, what Warren or Gate said etc.
I have read about quite an amount of development of blockchain atleast at it relates to accounting. I read about EY establishing blockchain centres around the world showing the practical ways it can be implemented in business decisions. Their counterpart PWC announced they are launching blockchain audit service for their clients that have started using it without disclosing which of their client. All of these point to the fact that the technology has come to stay and despite the attention focused on bitcoin part, it does not remove the efficacy of the technology behind it.