As the coronavirus is taking a hard punch on the global communities, many countries are seeing their economy on an imaginable recession they could had never imagine happening to them in this era of discoveries and permanent and continuous innovation.
The blockchain technology is a moving technology. It is a technology that do not have a start point nor an end point. The blockchain technology is a technology on its own.
As a result of the covid-19 pandemic, many governments enforced lockdown in the countries or cities with the aim of slowing down the spread of the virus in the different spheres of their life. This lockdown has impacted seriously private as well as public businesses.
With the coming into play of digital currencies that commonly and always work out as a decentralized market infrastructure constructed on standards-based Web3 technology, it subsequently limit the need of reconciliation, heavily improve the flowing of information, give financial market infrastructure operators necessary tools to control and overview.
The blockchain technology has no limits. When you think you have understood its functioning, it is at that very moment you turn to realize it is a technology of great magnitude.
The BCB known as Brazilian Central Bank under the named PIX hopes and desires that the Brazilian project consisting of creating a new payment service is going to facilitate and make payments easy.
It is a straightforward fact that the blockhain technology and cryptocurrencies could be of great use and magnitude to companies and enterprise, be it small or large scale enterprises.
At this time of the year that every eye is focused essentially on the coronavirus, there are many things that could had been avoided like the cancellation of election and voting with the use of the blockchain.
Due to social distancing being imposed everywhere in all milieux, one has to adapt and manage to get out the best of what is available. The blockchain technology is really a blessing to mankind during these moments of uncertainty. In order to speed up regulations, distributions, logistics, instead of relying on a paper based work verification, the need was there to shift to a blockchain based verification system.
