Blockchain | In the future Blockchain Technology will dominate

Currently, Blockchain Technology has been widely adopted in various sectors including the final sector and technology, and now startup Blockchain has sprung up with various kinds of innovations and ideas that the brand has to offer. This case of increasing blockchain users also attracts the attention of regulators to make regulations.

Initial Coin Offering (ICO) is one way for StarUp to get capital to run the project they will do by selling their own tokens, estimated that the amount of money that has been compiled through the ICO has exceeded $ 1.2 billion.

In addition, many universities around the world offer courses to their students about Blockchain Technology, to get qualified and knowledgeable people who are interested in expanding blockchain technology.

Although Blockchain technology is widely used by various sectors, this technology still has a slightly bad reputation to overcome. Cryptocurrency is the most successful blockchain implementation, it is often used on the dark web which causes the blockchain's reputation to be bad.

What does blockchain technology have in the future?
Blockchain has a bright future, even though there are people who doubt it. During 2019, several services in the US have begun implementing the Blockchain to securely store their data and records.

Some companies in the world have also started using Blockchain to track their product distribution, online shop companies and some agricultural companies have also developed their own blockchain.

The use of blockchain technology provides different benefits for users, such as direct payments to drivers after cargo delivery, self-payment of fuel and maintenance, complete automatic completion, and recording and improving the accessibility of history and operator safety.

The Blockchain in Trucking Alliance (BiTA) has been established, the main objective of this organization is to educate and promote the blockchain industry, expand adoption, and highlight how it can help develop the industry.

Recently IBM has announced that Meka will work with food suppliers in the U.S like Nestle, Unilever, and Walmart to find areas of improvement in the global supply chain with the help of Blockchain.

They believe that using Blockchain will ensure greater public-safety standards for consumers because this technology will help food suppliers to identify sources of foodborne outbreaks.

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Blockchain | In the future Blockchain Technology will dominate Blockchain | In the future Blockchain Technology will dominate Reviewed by sheffter on July 28, 2019 Rating: 5

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