Steemit Crypto Academy Contest /s2w3- Blockchain in our lives by @ruthjoe

Hello steem friends

Its another amazing week of crypto academy Contest season 2 week 3. I am really enjoying every theme so far for the weeks. And this week's theme is not an exception as it portrays the impacts of Blockchain in our lives. The theme for this week is Blockchain in our lives. Seat back and read.

BLOCKCHAIN IS CHANGING EVERYDAY LIFE FOR EVERYONE, WHAT IS YOUR OPINION

Blockchain as we know is the arrangements of information or data in a systematic block format, which gives maximum security, making it impossible to change or edit what has been saved.

Blockchain no doubt is changing everyday life for everyone one with it's positive impacts.

Aside the impact of Blockchain in the area of cryptocurrency and finance, Blockchain is changing everyday life in other areas and field take for instance in the area of politics, Blockchain is used to reduce the level of fraud experienced during elections,by tightening it's security and reduce the amount of money spent for the election.

Also in the field of hospitality and tourism, Blockchain has really been of help because it is been adopted to aid there services by creating a storage for their business contract which gives them the opportunity to interact one on one with their customers, removing the service of middle agents, taking a company known as TUI Group as a case study.

Generally, my opinion on Blockchain changing the lives has made jobs easy to do, minimizing cost, enabling savings, and enhancing profits. It is also making live more comfortable and less stressful.

I believe if blockchain is totally adopted in every sector of life will bring about a global revolution, seen the impacts it has already done in a short while.

WHAT ARE THE MAIN ADVANTAGES AND DISADVANTAGES IN ADOPTING THE USE OF BLOCKCHAIN IN EVERYDAY LIFE?

Even though Blockchain has positive impact to our everyday life which are the advantages, it also has negative impacts too which are the disadvantages. Here I would tell you about them

ADVANTAGES

• SECURITY

The adoption of Blockchain in our everyday life gives a level of security in the area of transactions and savings, as businesses are more secured than it use to be.

• SPEED

Blockchain in our everyday day life solves the Problem of delay giving speed instead. Companies, organizations and other agencies can have their transactions and services done faster. People do not need to wait or queue for a long time before been attended to.

• PERSONAL CONTROL

Blockchain is decentralized, therefore it gives us personal control of whatever we are doing on it be it transaction or service. No central body controls anything for us, we are solely in charge of what happens.

• SAVES COST

Alot of cost is saved in terms of finances as Blockchain is used in our everyday day life why? The services of middle persons are removed so we don't need to pay extra fees to them before we can carry out a service or transaction. We do it directly.

• TRANSPARENT

Blockchain technology gives a level of transparency, because it is open for all to see,nothing to hide. So this builds trust when people can see what is going on, and how things are done.

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DISADVANTAGES

• INSUFFICIENT KNOWLEDGE

I believe this is one of the major disadvantages in adopting Blockchain in our daily lives. There are still organization, companies, agencies and even individuals who do don't have knowledge of this technology while some feel it can only be used for cryptocurrency alone. They do not know it can be adopted to aid there services for better productivity.

• IRREVERSIBLE NATURE

Blockchain technology is indeed an amazing technology where information, or data or whatsoever entered can not be edited,corrected changed or taking back. With this quality it has, there are still people who find it hard to accept and adopt this technology. I believe probably they feel its too risky for them.

• LOSS OF ACCOUNT WHEN KEYS ARE LOST

This is one of the advantages I know in adopting the use of Blockchain. When keys are lost there are no other way to get back the keys hence it leads to the loss of account, which means owner will lose access to his account.

DISCUSS THE FUTURE OF BLOCKCHAIN AND HOW THIS TECHNOLOGY IS IMPACTING THE WORLD

It is amazing to know that Blockchain has a future. Blockchain has an amazing future as it has already been adopted by alot of organization and companies, providing solutions to their problems.

Blockchain technology came in to light when the first cryptocurrency was built on it. And ever since then other crypto's are coming up on Blockchain. Blockchain technology doesn't just end with cryptocurrency alone, it has gradually been adopted in other areas of life for increased productivity.

We will also see that in the future, that the issue of Blockchain taking so much energy before work is done is handled fully through the use of an algorithm known as proof of stake, although is already in use but we will experience a higher degree of it. We will also have a cleaner environment the method carbon offsetting will be used to erase any form of pollution. This will be like an upgrade in Blockchain technology.

Blockchain technology is impacting the world not just in the field of finance, we see Blockchain technology impacting the field of politics, business, real estate, health, and even law.

• POLITICS

We see Blockchain been used in the field of politics to produce voting platforms that are more secured than what we may have now. This has helped and Will help reduce stealing and destruction of ballot boxes.

• LAW

In the field of law, Blockchain been used for the authenticate documents like the document for tittle deeds and also to secure all evidence gotten for a particular case.

• REAL ESTATE

Blockchain in the field of real estate is used to reduce the stress people go through while looking for real estate properties to buy. It also used to provide concrete proof of ownership for a property, provide maximum security and increase their general sales.

• BUSINESS

In future, Blockchain technology will be used to find out counterfeit products and also for tracking of goods delivered or sold or bought. We have seen Blockchain technology increase the revenue gotten from business and helps them manage large scale production saving time.

So you see that the technology of Blockchain is really impacting the world with it's many benefits and soon it will become a house hold name.

WHAT IS YOUR OPINION ABOUT THE IMPLEMENTATION OF BLOCKCHAIN IN THE HEALTH SECTOR? HAS THE IMPLEMENTATION BEEN POSITIVE OR NEGATIVE? EXPLAIN A USE CASE

My opinion about the implementation of Blockchain in the health sector is that Blockchain technology has had several positive impact so far to the sector.

There are alot of problems Blockchain technology has helped in taking care of in the health sector. And I believe there are still more positive impact yet to come with Blockchain technology in the health sector.

Blockchain technology is currently been used in the health sector to produce other products of Blockchain, an example of such is a product that helps keeps a an accurate trace of how a patient is doing even after they had visited and left the hospital. This gives the doctors and nurses an update of how their patience are progressing.

Blockchain in the field of health is making records stored easily accessed at any given time by both the patient and the medical personnels. The patient need not visit the hospital before such records are handed over.

The storage of data and records can now be done securely as against when damage or loss was experienced before Blockchain came on board.

Blockchain technology is of great help to those who market medical products keep a an account on of a total products used.

Even the pharmacist and those responsible for the production of drugs are not left out as it helps them radicate old expired drugs and identify fake drugs.

Generally, we see the health sector become more transparent with their records as they continue to use Blockchain technology. Trust is built in that field because of the adoption of Blockchain technology.

So far so good the implementation of Blockchain in the health sector is a positive one and as we keep progressing, I believe the health sector will experience more development, efficiency will be built and more lives will be saved.

CONCLUSION

The use of Blockchain technology has done alot and is still doing alot in our daily lives.
There are alot of sectors of lives that are seriously adopting it and there are some who have not, maybe because they lack it's knowledge of probably they feel it can only be used for crypto's alone. Which ever be the reason I see Blockchain in the future been adopted by so many works of live as so far it has brought positive impacts.

Thank you for reading.