Quote from: franky1 on October 27, 2018, 01:20:35 PM

Quote from: Dr. Agon on October 27, 2018, 10:50:49 AM

Blockchain is the main key for the revolution now a days. I am a newbie in this sector , but could guys help me to find qualitative answers of the following questions ? (Of course you don't have to give technical answer)

1. Future of Blockchain technology ?
2. Misconception about the technology?
3. Today's blockchain and its future ?
4. The possibilities of this technology ?

Of course you can give broad idea, but i am happy if have time to do it. Thank you.

1. a blockchain does not need to be a single strand of chain which everyone needs to validate and hoard
o-o-o-o-o-o-o-o
it can actually be multi stranded where different clusters/regions/ethnicities/departments/nations validate and hoard their own section
O-O-O-O-O-O-O
| | | | | | |
o o o o o o o
| | | | | | |
O-O-O-O-O-O-O
(imagine a network where one strand is the US currency residents and another strand is the euro residents and the main middle strand is the IMF master chain of SDR)
(imagine a network where one strand is the identity ledger, another strand is the financial ledger and the main middle strand community ledger)
.. i could go on. but you get the idea (thousands of possibilities)

2. misconceptions: that code can change the world
code is just code. it has no arms, legs or voice. it needs people to use it. people to get other people to use it. people to lobby governments to change laws and stop using old out of date databases and use blockchains. people to get thir businesses to use it.
2 misconceptions: that blockchains can solve every database using service/business/government.
many private businesses and database owners dont need diverse validation/hoarding. they dont need public ownership. they dont need outsourced resources.
2. misconceptions: closed network distributed ledgers are blockchains
blockchains fundamentally are just blocks of data chained together by including a identifier of the previous block in the current block to link them togther. but the ethos of blockchain is for decentralised utility of no central point of failure.
networks that are limited to a certain permissioned group do not pass the ethos test of the purpose of a blockchain. and so for closed network versions. these are deemed and buzzworded as DLT(distributed ledger technology)
in short open decentralised ledgers are blockchain. closed distribution ledgers are DLT

3. most of todays blockchains are just copy and paste idea's with little tweaks. the future will see an endless amount of idea's that will function for an endless amount of possibilities

4. endless

A really useful knowledge.
Thank you for sharing this helped me understand more about Blockchain.