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Question to the community - What is your opinion about Blockchain technology?

GreigRS
3
Favourite things are Family, Music and Judo. Also, I have the ability to retain and quote useless facts, something that pleases me but can annoy others. My engineering hero - Isambard Kingdom Brunel

Comments

June 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...

0 Votes

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

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