Blockchain Solutions Will Supplant Incumbents
Every generation believes their technology will reign supreme, only to be overtaken by tools with even more advanced capabilities. Change is a state that does not end unless we cease to innovate. There are some powerful blockchain tools listed below that will challenge the incumbents, with more on the horizon.
We will see massive disruption, just as MySpace gave way to Facebook and Lycos was overtaken by Google. Not just better specific features, but entirely new solutions and more comprehensive experiences. Blockchain can improve trust, privacy, resilience, scale-ability challenges, and bring in entirely new economic models.
Times are changing and so is our tech.
Diagram Source: https://altsreport.com/
How is Block chain going to be safe than the alternatives?
One way the the immutability of the chain. Once a transaction is embedded (after enough validations and subsequent blocks) it becomes permanent. Nobody can ever change them. In that way, it is tough for someone to counterfeit currency.
Good comment but do you believe it would be harder to counterfeit or continue to attack like the most resent ones?
Because validated transactions are near impossible to undermine, the attackers are pursuing other methods, like man-in-the-middle attacks and private-key theft, to achieve their goals.
There is great possibilities but equally there is risk in such innovation. Myself, I am looking towards the future with cautious optimism. The benefits will outweigh the threats and as pain is experienced, the industry will respond with mitigations to the risks.
Blockchain is not the answer for everything, but it's very clever technology and is changing the game. I expect some of the established companies are scared. The next few years will be interesting
Totally agree. Many large companies in the healthcare, finance, transportation, and manufacturing are investing heavily. We are just in the beginning steps. I can't wait to see what eventually emerges.
We must be ready to face the progress of the era, because technological progress continues to grow.
With such a powerful tool, there will be equally powerful challenges.
It is right that Change is a state that does not end unless we cease to innovate
ya technology is the supreme, thank you for your important post sir @mrosenquist
blockchain is the new innvation for us,i think.
And for many industries beyond social media and digital finance.
technology is a main part of our life. very good post.
Thanks for share.
Well at the current place it is looking very great hope it tends to be like this.