Hello, I’m Lisa in the UK. This is my very first post. I’m doing my homework on the benefits of Blockchain. The benefits are that you can add but not remove information and that it forms a decentralised, permanent ledger of transactions that is publically available and can be audited in real time. It’s based on a network of computers that cannot be controlled by any one person, government or corporation.
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Crypto is The Stock Market 2.0. The blockchain is the future database of Everything.
I agree and also it is hopefully a way to retain your purchasing power.
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Blockchain provides a trustless, verifiable ledger to which data can be added, but not deleted.
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I agree with the idea that blockchain equates to a peaceful protest. There is so much inequality in the world. Blockchain helps to level the playing field.
1 benefits of blockchain, there is no central/single point were all information is gathered to or shared from.
Thanks Ivan, currently trying to update my profile.
Get rid of middleman
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Benefit of blockchain:
It’s decentralised and has no central point of failure.
Immutable
Trustless (no need to place trust in individuals or entities)
Borderless (cannot be controlled by an individual entity, government, country etc.)
Security
It’s open and accessible 24/7/365
Hi
Where are the question for the homework on Provenance?
Security, transparency, opportunity, efficiency, decentralized…
Especially this early in the game, I can see the huge benefit for those willing to learn. Blockchain and cryptocurrencies will upend and evolve the global monetary system, and hopefully lead to a more equitable distribution of wealth. To achieve that, though, it is up to us! This is a reinvention of both finance and web. How things look in 10, 20, 50 years from now depend on the equitable, transparent, and secure ways we implement this new technology across all sectors. I find this very exciting! Plus, we have a new opportunity for freedom that we have not had before in our generation. Freedom to work how and where you like, to live how and where you like, and to be an SME in a new and soon to be rapidly expanding technology in whatever sector or way that most inspires each of us. This is a huge shift, and it’s awesome!
Benefits of Blockchain: Very intriguing topic given the various groups that are trying to shape our world and how our societies function. Intention for the technology seems to be the constantly developing question. Much like the nature of Jedi philosophy in Star Wars. There is definitely a light and dark side of the tech. The centralized, decentralized question seems to only come clear as time moves forward. In terms of payments, the banks could fall away, while those that created the banks have been heavily invested sponsors for Bitcoin since shortly after it began. A digital gold, it could very well be. The beautiful thing about Blockchain, at least how it sort of makes sense so far is it seems to be one massive sandbox to create anything you can imagine with the ability to connect into current real world applications, opening up very cool possibilities for potentially everyone. Maybe we would be able to record the history of human kind a little more accurately from this point, rather than those who divide and conquer always rewriting it to showcase themselves as the saviors. The development of this tech is still so new, it’s going to be absolutely incredible to see how it shapes our future.
I really like the idea of not going through a middle man. The fact that it takes 3 days to move money in 2020 is pretty crazy. The idea of loans through the defi network is also something very interesting. Not that I know much about it though.
Opportunity is another great benefit in my mind. How amazing is it that we are in a new tech industry! It makes you feel like a pioneer haha. Also money.
Decentralised and immutable immediately spring to mind
Blockchain has all the best qualities of regulating sound money (and the Bitcoin blockchain is its own central bank) - and its immutability and neutrality make it pure, trustless, hard and also functionally peerless.
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Blockchain is decentralized, independent, private, puts the power where it belongs… back with the people.
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Blockchain technology can be used as a transparent ledger detailing transactions or smart contracts that can’t be changed, controlled or deleted by a 3rd party.
The use of blockchain in cryptocurrencies allows fast and secure, border-less transactions, enabling transfer of large amounts of funds for very little fees.
Correct! Robert Kiyosaki says Bitcoin is the people’s money 
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Like the Internet, which is a protocol for exchanging information, blockchain is a protocol for exchanging value in an trustless environment