In addition to part 1, this article will focus on some other third party based payment systems and how their existence could be threatened because of the unrelenting conquest launched by block chain.
Blockchain technology is just rising and its full wider adoption is yet a few years from now. However, could there be some unintended consequences of using Blockchain, more so on a wider scale?
With the introduction of Bitcoin, that has really increased the traffic with the internet. Many have benefited from Bitcoin others have lost to and the number isn’t small. But the funny thing about all this that, this rich scheme model, most world richest are still skeptic about it.
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.
Cryptocurrencies have experimented with the use of blockchain for international payments. But countries benefit the most from the use of equality. It is state-sponsored and a fully decentralized digital currency like Bitcoin cannot compete with it.
People working hard and dying still living their family behind to suffer because of NO digital access to a wallet where their money is all stored. This is a fact. This may not be quickly realis now, but with the Bitcoin is striving, one day it will be the main coin used for transactions.
Tourist needs can be random and unpredictable. Good coordination and communication become a success factor in the tourism industry. There are urgent needs in tourism for a traceable, transparent, and certainty process. This factor is where Blockchain technology comes to solve the problems.
By Wirba Brice Divine Ransinyuy. [email protected] We are living in a time where technology is having a huge impact on our day-to-day life as our entire life is being dominated by digital dealings. This is visible in many aspects of our life. It has brought changes which we cannot deny or refuse to accept as […]
By Michael Mburu The invention of blockchain was revolutionary. Satoshi Nakamoto is the man who worked tirelessly to come up with the invention which is arguably one of the greatest inventions in modern history. But how many people would explain with clarity what blockchain is? Will a common man on the streets know or perhaps […]
By Lumai Mubanga. [email protected] In our use of fiat currency like the dollar and many other currencies, we use physical wallets made of leather or other materials to carry our money around. We may not be faced with hard decisions to make when purchasing these wallets. We are in control and we decide when to […]
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