simpsons_support (OP)
Copper Member
Jr. Member
 Offline
Activity: 1246
Merit: 3
|
 |
May 02, 2019, 07:42:35 AM |
|
Just imagine if you can buy a car online from another person and at the same time you fully trust information about its mileage, repairs, and maintenance, while the financial operation takes a few seconds, and you do not overpay interest to agents.
Does it sound unreal? We would like to tell you that such a project has already been launched by one of the Dutch startups, which intends to completely digitize the purchase of both new and used cars. Thanks to the blockchain technology, everything becomes real.
Blockchain World
Business does not stand still, as modern entrepreneurs obviously choose the blockchain technology for their business which gives them a number of advantages, among which the main ones are security, fast transaction speed, and income increase. Thus, do you know that such giants as Pepsi Co and FedEx are thinking about switching to blockchain? These corporations will follow the experience of the Foxconn company, which specializes in electronics and has already implemented blockchain in its distribution network.
Respectively, any product of any company - whether it's dinner at a restaurant, refueling your car, shopping or buying a business company - can be paid with a cryptocurrency.
In the near future, you can even find employees using blockchain technology! In the recruitment field, blockchain is being developed to improve the candidate selection system. The technology is used to track and confirm that potential employees have the necessary skills and work experience.
Using blockchain, it will be even possible to rent an office for your business. The technology has penetrated into the real estate sector, as well as the sector of the sale and rental of housing, making this industry cheaper and more efficient. Speaking about real estate, all the computing power that is now needed for mining can be aimed at protecting smart home systems, internal networks, as well as devices of individual users. This will create almost 100% security against cyber-hacking threats.
In addition, blockchain technology is used in healthcare. IDC Health Insights says that this year more than 20% of pharmaceutical organizations will switch to blockchain projects. As a result, by 2020 a huge number of corporations will have their own operational blockchain. In fact, our most important asset, human health, is closely connected with this technology.
Why is this happening?
Blockchain technology can improve business processes and positively affect our daily lives.
As an example, let's consider the main advantages of blockchain systems over conventional banking systems:
1) Anonymity, reliability, transparency are the main features of blockchain technology. All personal information is encrypted, therefore, it cannot be accessed unless the user himself gives access to it. At the same time, transparency and reliability of all transactions are guaranteed.
2) Lack of intermediaries. To date, all banking documentation and currency operations pass through a large number of intermediaries. Virtual systems do not require such an approach and constant verification by third parties.
3) No overpayments. The bank, like any other intermediary organization, necessarily takes a percentage for the provision of its services. With blockchain, there is practically no commission, as they are set by users on their own.
As a result, the blockchain technology transforms the economy and takes it to a completely new level, where market participants can interact without intermediaries.
A few words about smart contracts. Since many services are now standardized, blockchain allows you to implement smart contracts that will be drawn up, sent and signed by the participants in the operation automatically. The blockchain can also provide an e-voting procedure, as well as other procedures and processes. Organizations, including banks, financial companies, insurers, lawyers, retailers and other, will be able to negotiate among themselves without the participation of regulatory authorities.
So, the globalization of the blockchain technology is inevitable - moreover, it is already approaching by leaps and bounds. And this, in turn, will entail important changes among the cryptocurrencies: some of them will dissolve, others will ascend.
What is a future cryptocurrency?
The answer is simple: for the one that will withstand globalization. The fact is that the marketplace (or the lack of it) plays the leading role in the globalization of a particular coin. And as you know, for many cryptocurrencies, the marketplace function was manually added later. Hence there is an inconvenience when the client is in the choice without choice position: slowly and cheaply or expensively and quickly.
The EDC coin is one of the few cryptocurrencies for which the marketplace was originally developed. Therefore, EDC has all the opportunities to become a catalyst for a convenient and modern trading platform, thanks to which you will be able to purchase the right product or service from anywhere in the world - whether it is to pay a taxi, buy your own car or purchase an enterprise.
Lets sum it up
The blockchain technology is growing every day. Most entrepreneurs initially build their business on the blockchain, while large giants are planning a quick transition to it. This technology is already bringing the economy to a new level, where market participants interact without intermediaries, while all transactions are reliable and are completed in a matter of seconds.
Of course, with such globalization, cryptocurrency is changing the world which was familiar to us. For many coins, this is a struggle for survival, where developers face the problem of the marketplace and rush to implement this feature. Other coins, such as EDC, were originally developed for the marketplace. Therefore, its prospects for the introduction of the global marketplace are higher.
|
