Today Blockchain is widely used in many jobs. So BTC is not the only platform for Blockchain technology. We can see that many trading and service activities are based on the Blockchain platform.
It is true. even government agencies are also beginning to make many breakthroughs using blockchain. indirectly this also popularized bitcoin, as well as bitcoin, participate popularize blockchain.
Everybody who knows how blockchain works are well aware that this technology is not just for Bitcoin and virtual currency.We know that this technology will help many sectors in society. I actually read that one province in India uses blockchain as its ledger.
I can see in the future that more countries and companies will convert to block chain. They will soon understand the benefits of using the blockchain technology.
indeed very remarkable development of the current blockchain. has had a positive impact in many sectors. this should be enough for governments in many countries to acknowledge and approve bitcoin as a crypto currency.
Blockchain and bitcoin are two different things, bitcoin is using blockchain technology, and since then a lot of people already interested in this technology, some countries already started to do research on blockchain to optimize the usage, if it uses properly it can solved many things in the country, so blockchain is not only can be implemented in economic sector but in it can be used in any sectors
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.
Some people already know that bitcoin is a cryptocurrency been powered and established in the new technology 'blockchain'. Though, many people didn't know about it before till now. And apart from cryptocurrencies, there are many things that can be established through blockchain like Share electricity with the neighbors, registering music copyright and many more. People should be educated about this.
I understand that. but I do not understand why most countries are still scared with bitcoin. if we look at the functions and technologies used bitcoin, this is very clear, safe and transparent. the fear will make bitcoin as a means of money laundering, finance terrorists, inflating bubbles, etc. I think it is excessive, because in fact it is a technical thing that can be anticipated by law.