Benefits of blockchain, in some limited cases it’s the new cash (i.e. if privacy mandatory with select coins) and more, without the ability to misuse it by stealing from the masses through endless printing that dilutes its store of value. It enables those seeking liberty to sidestep the system and gov’ts as we are all coerced towards this new (permanent) normal of a global, communist, technocratic, mass and community surveilled society of more mandatory lockdowns, medical tyranny, snitch lines, and ultimately forced slavery. Or it can be perverted into a centralized digital currency sold to the masses that enables full financial surveillance and the ability to turn off the tap to those of dissenting views or of a low social credit score. So many options to be creative, lol!
(Just starting my Blockchain & Bitcoin 101 course 
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Benefits of using Blockchain:
- Greater transparency. Transaction histories are transparent.
- Enhanced security.
- Improved traceability.
- Increased efficiency and speed.
- Reducing costs.
I think it is great to challenge banks, existing currencies and the structure everything is built around.
It’s secured, trasperant and can eliminate the third part
Decentralization is my favorite benefit but of course it being distributed, immutable and transparent are also crucial benefits.
It is my first week in the academy and already enjoying the community here.
I think the benefits of blockchain is far greater than we have so far explored.
Bitcoin is secure, decentralized and it is accessible. I think everyone should invest in this market. The fact that there is not middle man makes it the best asset to have. Even if you cannot invest you can still contribute to the blockchain with your skills and knowledge.
Everyone win!
The benefits are immense and only understanding the value of blockchain we can appreciate the real impact that this will have on our everyday lives. I remember when Youtubers were saying that everything will be tokenized and I did not understand what it meant, but now I start to understand.
Total new guy here. Is there content for this lesson? I didn’t see video or any reading material. I just see a link to this discussion board. Am I missing something for this section?
This is the discussion thread of the Lesson, you will have more homework as you progress 
Benefit of blockchains: It is completely trustless, Decentralized, transparent, immutable. Blockchain gives individual full authority to manage their funds or data in the blockchain, and to perform transaction of any size no limit and at any time, without any one telling you what to do and what not to do.
facilitates the digitalization of knowledge and a permanent record of it
With Blockchain everything is transparent, and verified its origin, better security, decentralisation
- trustless, decentralized, verifiable and traceable public ledger
- you need to trust the middleman and data given without being able to verify it most of the time
- less administrative work, verifyable data
How does blockchain enable digital provenance?
Blockchain data is real time recorded and cannot be altered.
Why doesn’t a normal database bring the same provenance?
At a certain extend original data can be changed, can get lost and is not real time accessible. The gathering/following of the data is often a money and time-consuming story.
Why is digital provenance such a great benefit to many businesses?
Original data is 24/7 publicly accessible.
Without a network it would not be possible to have a blockchain , which offers security and is trustworthy.
Hi did you got linked to the discussion thread from the academy? This is not the thread for the homework, there might be an issue with the link.
Sorry, need to check.
I have not clue. I will inquire. Thank-you .
One benefit of Blockchain is in the retail industry. The retail industry can use blockchain for
- Counterfeit Prevention - Billions of dollars are lost due to counterfeiting of high-end products.
ex: Handbags, Shoes, etc. - Smart Contract - Transactions are activated when conditions are met.
- Shipping - Blockchain can help monitor/locate the package. Using blockchain to track the package means the customer does not need to contact shipping companies for tracking.
- Cross border payments - Avoid fees from credit card/PayPal. No third-party fees mean lower prices for the consumers.
Product Warranties - Every warranty will be saved in the blockchain.
Some Benefits of using Blockchain
- Greater transparency
- Enhanced Security
- Improved traceability
- Efficiency and Speed
- Reduced Cost