Question to the community - What is your opinion about Blockchain technology?
Follow article
If you search Blockchain today you'll likely see many results from the business world. Usually about how this technology will reduce costs and free up resources in order to become more efficient. In reality what they are talking about is a more streamlined and secure data management process. This includes. record keeping, transactional ledgers, contracts and such like, incidentally, they are not giving much credence to the view that cryptocurrency is the way forward.
Anyway with this in mind, I'd like to get your views on Blockchain as a technology, is it the next big thing, have you used it, do you know enough about it, have you ever mined for Bitcoin, etc. Please post your comments below, look forward to hearing from you.
In the meantime here is a link to a Blockchain event held last year, where the premise was disrupting the insurance industry with Blockchain technology.
Related Content
Exploring Ethereum with Raspberry Pi - Part 1: Getting Started
Exploring Ethereum with Raspberry Pi Part 3: Transacting on our Private Blockchain
RS IoT Blockchain Demonstrators Part 1: Introduction
Comments
Add a commentJune 21, 2018 07:54
In my opinion, blockchain is just a technology. We all hear a buzz about blockchain this and that and people and businesses look how to implement blockchain or how to use it in their processes. This is completely upside down - it should be the other way, that people will see blockchain as a technology solution to some business scenario. Not like searching an application or business scenario to accomodate/make use of blockchain.
Say, like if I had bought a lathe and then started thinking about for what I can use it...
June 20, 2018 07:58
Very interesting topic Greig, coincidentally i happened to read a little about this rising technology over this weekend, being a person who has a curious mind i enjoy keeping up with latest trends, Blockchain is one of them. I think it has a place going forward and will be the possible game changer to future transactions online cutting out the man in the middle and less chances of fraudulent activities. i also found out what is the reason for mining hashes and gave this a try just to see what is about, lets just say that after i got it all setup and running, five minutes into it i see why a larger GPU mining setup is needed, but for learning purposes, this small venture sufficed. in the future when i do have the funds to invest it will be something to consider. i am also a newbie at this so looking forward to what others have to say.
June 20, 2018 07:59
Hi Greig, I'd be interested to hear how the discussion develops (I'm a blockchain newbie) but I did notice a television advert this weekend which I think was for some sort of smart home automation with blockchain technology built-in. Interesting and rather futuristic! https://youtu.be/s8EcrSjb85o