With world in general switching more and more towards digitization during this time of lockdowns in some countries and continents as others are uplifting their lockdowns and limiting their restrictions that were put in place as a way to combat or limit the spread of the coronavirus, what will then be the future of the blockchain technology?
With the coming into play of digital currencies that commonly and always work out as a decentralized market infrastructure constructed on standards-based Web3 technology, it subsequently limit the need of reconciliation, heavily improve the flowing of information, give financial market infrastructure operators necessary tools to control and overview.
As a result of the covid-19 pandemic, many governments enforced lockdown in the countries or cities with the aim of slowing down the spread of the virus in the different spheres of their life. This lockdown has impacted seriously private as well as public businesses.
The BCB known as Brazilian Central Bank under the named PIX hopes and desires that the Brazilian project consisting of creating a new payment service is going to facilitate and make payments easy.
The blockchain technology has no limits. When you think you have understood its functioning, it is at that very moment you turn to realize it is a technology of great magnitude.
Many banks often function in a typical manner of retailing payments as a part of their role in maintaining the stability and effectiveness of financial systems and keeping the confidence in the used currencies. With the emergence of the new form of currencies, commonly known as digital currencies, it is being examined by different committees and organizations and as such, it has had an immediate and direct impact on payments and market infrastructures.
Nowadays, the main discussion turns around the blockchain technology and help it is manifesting itself around the crisis that is happening at the moment.
It is of no new knowledge that the main predominance of the blockchain technology is the financial world and its various systems. The blockchain technology is so much involve in the financial world in such a way that it needs to have the highest security in terms of protection of user’s data and information.
It is a great opportunity for organizations doing E-learning to protect, secure and authenticate the digital certificates, diplomas of their e-learners with no possibility of the digital certificates to be fakes or rendered false.
by Wirba Brice Divine Ransinyuy Is the blockchain technology and cryptocurrencies really indispensable that it is hard to deal without them when it refers to online dealings? The answer is certainly a Big YES. We live in a time; humanity does not know how the tomorrow will look like. The only certainty one can go […]
