Blockhain is more than just bitcoin and cryptocurrency or other digital currencies. Blockhain technology will change the order of 19 industries in the world.
By definition, blockchain is a decentralized digital quantity, encompassing transactions, and working with data organized through a series of notes called blocks. Blockchain system is also claimed to have high protection.
Blockhain technology is starting to stick to the public thanks to Bitcoin. Many people then perceive, two things are the same. When in fact the potential generated from blockhain much broader than just a digital currency.
Blockhain will disrupt 19 industries. Financial sector for example, where the technology can eliminate the intermediary function in the transaction process between two parties.
Blockhain can also have an impact on the health sector to help the patient's diagnostic process more quickly and accurately.
The business value to be created by global blockhain adoption will increase to US $ 176 billion by 2025, and will jump to US $ 3.1 trillion by 2030.
The majority of blockhain-related initiatives are in the financial services sector, including banking. Followed by government, energy and supply chain. The banking industry will get a business value of US $ 1 billion from blockhain adoption by the end of 2020, especially from the use of digital currencies.
To successfully adopt blockhain, companies need to take a variety of approaches that look at aspects such as business processes, technology, operations, skills, corporate culture, to the company's digital maturity.
In addition, businesses also need to consider possible challenges from adoption of blockhains, such as the difficulty of choosing platforms that have not proven their reliability. Blockhain kan market, availability of skills, data management, and security is still fairly new.
Until now the IMF still sees that cryptocurrency has a positive and negative side, in which its technological system reflects the inevitability of future transactions but still many risks.
Google follows Facebook's footsteps to prohibit or ban ads related to digital currency or cryptocurrency from June 2018. Google also prohibits advertising of digital currency coin or Initial Coin Offering (ICO).
This ban will also apply to ads on YouTube, which has become a haven for news and promotion of cryptocurrency.
In addition to cryptocurrency, Google's new policy also limits the advertising of speculative products such as binary option trading ads and the foreign exchange market.
Cryptocurrency and ICO ads continue to multiply after the rising popularity of Bitcoin last year.
But the findings show that digital currency advertising mostly contains fraud. Many of these ads offer schemes for high-risk, unregulated investments. As a result of fraud that many users who failed.
Facebook has also taken similar steps in January. This social media says cryptocurrency ads do not operate in good faith.
So how the fate of digital currency in the future. Will it survive even more soar or even more dropped and disappeared.
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Thanks for sharing! We need more people talking about Blockchain technology. For a more detailed explanation of the Blockchain, you might find this article on John Oliver's Blockchain episode helpful.
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