Post
Topic
Board Bitcoin Discussion
Re: Blockchain Education
by
brontosaurus
on 15/06/2018, 17:16:45 UTC
Its really important to have blockchain education today blockchain is really going to be the core of the whole industrial sector. Blockchain can transform may industries, some of them are:
1.   In banking and financial sector: We all know that big investments banks spend billions of dollars on these jobs. But it is estimated that these banks can save a huge amount of money spend on clearing and settlement with the help of blockchain technology. Many banks across the world are trying to shift their payments system on the blockchain technology. This would offer higher security and simultaneously reduce the costs involved in processing the payments between their clients and organizations. 
2.   Smart contracts: Blockchain provides an encrypted database of transactions which means that once a deal is made, neither of the party can deviate from the terms of the contract. With the help of blockchain technology, smart contracts can be made more secure. 
3.   Artificial intelligence: Since blockchain technology can guarantee the accuracy of data, it can be useful in many Artificial Intelligence (AI) applications. Blockchain will allow the emergence of a marketplace for AI. AI along with blockchain will lower the barriers to entry for the small players and reduces the competitive advantage available to the tech giants.
4.   Supply Chain Management: In blockchain, each product is given a tag which secures the supply chain in just a second. All the information, like the place of storage, property certificates, place of origin, is available in a single ledger, which further adds to the security. Blockchain technology allows the business partners to share and discuss important information with each other directly, thus, eliminating the need for an intermediary