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?
Due to social distancing being imposed everywhere in all milieux, one has to adapt and manage to get out the best of what is available. The blockchain technology is really a blessing to mankind during these moments of uncertainty. In order to speed up regulations, distributions, logistics, instead of relying on a paper based work verification, the need was there to shift to a blockchain based verification system.
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.
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.
Electronic securities have become a talking point in recent times, that is for the past and recent years. In the face of innovation and constant changes in the domain of the digital world, there is the need of a spontaneous and adequate response in order to preserve online information and transactions in tact.
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.
Like many other domains and aspects, the supply chain management has been heavily hit as it is in search of solutions in order to remedy what is for the moment difficult to remedy. The covid-19 pandemic has caused major disruptions in the world in terms of global supply chain.
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 […]
Coming from the Central part of Africa where life seems more difficult financially as compared to other African countries, any technology that improve our lifes will be the most welcomed.
As the coronavirus is taking a hard punch on the global communities, many countries are seeing their economy on an imaginable recession they could had never imagine happening to them in this era of discoveries and permanent and continuous innovation.
