In the late 1990 s and the dotcom bubble at the turn of the century, many experts agree that these failures are part of nature "of" boom and bust cycle, and block chain just began to gain a foothold in the larger economies, in the coming years, block chain technology, the future is bright or dark?
According to forecast of WinterGreen research company, in 2024, block chain will create more than $60 billion of global digital economy infrastructure,

According to the report, along with the development of the digital economy, block chain market rapid growth, chain block is a core technology support, it will help Banks and other financial services institutions into the real-time transaction processing in the modern era,

In the past, the banking industry is hampered by outdated mainframe computing technologies, these technologies batch management data,

Today, real-time management of digital data is through the Internet, while block chain by multinational global trade management more modern way,

Block chain is, in short, a distributed ledger system, provides the enhanced security process for real-time digital economy, chain block is composed of digital recording data blocks, the demand for the technology in everywhere in growth, more than 60 IBM cloud data centers will block chain as number one application to drive growth,

Business leaders are trying to predict block chain technology in the future, they are likely to underestimate the potential, if they do not fully accept it now, they will surely miss it provides many opportunities,

Juniper Research data showed that more than half of the big companies are considering block chain technology, the survey found that in large enterprises with more than 20000 employees, 57% of companies are actively considering or are deploying block chain,

The technology has the ability to change all aspects of the digital economy, including shopping, business, and to provide health care, entertainment and keep in touch with society,


Online payment was a great appeal, based on the bank card payment also increased significantly, block chain technology improves the speed of the transaction processing, improve the efficiency of real-time processing,

In addition, the encryption on the currency is becoming more and more popular, distributed books by eliminating intermediaries, concentrated processing support digital currency payment system with decentralized mode, distributed ledger also supports tracking financial transactions,

It by creating digital currency, anything of value will track and trading virtualization, block chain provides secure real-time data sharing with a robust environment,

Block chain including the creation of digital recording data blocks of distributed books, books there are many different types of distributed system, each system to follow their own level of security and privacy,


According to the report, use case analysis shows that block chain can improve visibility in the trade and supply chain,


It can also improve the efficiency of asset management and compatibility, no focus point of failure, cracking block chain required computing power is almost impossible,


Block chain technology can be used to create a permanent, open, transparent ledger system, to collect sales data, the use of tracking number, and pay the musicians and other content creators,


The technology is very important, because it brought trust for peer-to-peer networks, the purpose of all Banks are as trusted third party of the deal, by using the block chain technology, we now have an objective, trusted third party to promote our deal,


Block chain applications provide payments, the basic function such as hosting, but they can also reduce fraud, increase financial privacy, to speed up the trading and market internationalization,


Chain blocks are most commonly used to accelerate digital money from one person to another or from one company to another company's transfer,


As Banks were removed from the equation, the 24/7 can verify a deal now, block chain deal can be dealt with in a few seconds and settlement,


More importantly, the block is very useful in monitoring the supply chain, the chain by removing the trace of paper-based, companies can immediately identify objects in its supply chain and and real-time positioning program,


It can also make the enterprise from the Angle of quality control, see the product from the warehouse to the retailer, the execution,

In today's Internet driven world, music and other content of the copyright and ownership law has become blurred, block chain will greatly help to download digital content, ensure fair compensation for artists or content creators, it can also be to musicians and provide real-time and transparent distribution of copyright content creators,
With the mature of block chain technology, we have seen the real value, it not only supports encryption currency, also supports many other business applications,

Its impact than anyone realized much bigger, it has the potential to change the whole industry, economy, enterprise and society, at present, we are just touching the surface of its potential,

In this declaration to reprint personal feel to write pretty good worth sharing

CodePudding user response:

Block chain of the future is bright, not money, as well as the development and application of DAPP is very rich scene