• Crypto Lists
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • Altcoin
  • Advertise With Us
  • Join our Telegram Community
Newsletter
ItsBlockchain
  • Bitcoin
    Is the Russia-Ukraine War the Biggest Test for Bitcoin? Market Update

    Is the Russia-Ukraine War the Biggest Test for Bitcoin? Market Update

    Bitcoin ETFs could have the same result as CME group futures launch in 2017

    Bitcoin ETFs could have the same result as CME group futures launch in 2017

    featured image

    How Bitcoin can be hacked?

    keep bitcoin safe

    Keep Your Bitcoins Safe: All You Need to Know About Crypto-Cyberthreats

    featured image

    Bitcoin IRA – Everything You Need to Know

    A trillion dollar tsunami is about to hit Bitcoin

    A trillion dollar tsunami is about to hit Bitcoin

    featured image

    Why Bitcoin will always be the number one cryptocurrency? Explained

    Crypto markets mirror Wall Street’s fall- Loses 100 billion in 24 hours and Delta Plus Variant creates extreme fear

    Crypto markets mirror Wall Street’s fall- Loses 100 billion in 24 hours and Delta Plus Variant creates extreme fear

    On-chain shows Divergence against Bearish Price-Action, But Bitcoin continues to stay in the Re-Accumulation Phase

    On-chain shows Divergence against Bearish Price-Action, But Bitcoin continues to stay in the Re-Accumulation Phase

    Trending Tags

    • Crypto Gems
    • NFT
    • DEFI
    • Crypto Lists
    • Altcoin
    • Crypto Market
    • Guide
    • IBC Capital
    No Result
    View All Result
    • Bitcoin
      Is the Russia-Ukraine War the Biggest Test for Bitcoin? Market Update

      Is the Russia-Ukraine War the Biggest Test for Bitcoin? Market Update

      Bitcoin ETFs could have the same result as CME group futures launch in 2017

      Bitcoin ETFs could have the same result as CME group futures launch in 2017

      featured image

      How Bitcoin can be hacked?

      keep bitcoin safe

      Keep Your Bitcoins Safe: All You Need to Know About Crypto-Cyberthreats

      featured image

      Bitcoin IRA – Everything You Need to Know

      A trillion dollar tsunami is about to hit Bitcoin

      A trillion dollar tsunami is about to hit Bitcoin

      featured image

      Why Bitcoin will always be the number one cryptocurrency? Explained

      Crypto markets mirror Wall Street’s fall- Loses 100 billion in 24 hours and Delta Plus Variant creates extreme fear

      Crypto markets mirror Wall Street’s fall- Loses 100 billion in 24 hours and Delta Plus Variant creates extreme fear

      On-chain shows Divergence against Bearish Price-Action, But Bitcoin continues to stay in the Re-Accumulation Phase

      On-chain shows Divergence against Bearish Price-Action, But Bitcoin continues to stay in the Re-Accumulation Phase

      Trending Tags

      • Crypto Gems
      • NFT
      • DEFI
      • Crypto Lists
      • Altcoin
      • Crypto Market
      • Guide
      • IBC Capital
      No Result
      View All Result
      ItsBlockchain
      No Result
      View All Result
      Home Blockchain

      Is Blockchain Technology really the future of the internet

      Hitesh Malviya by Hitesh Malviya
      September 18, 2018
      in Blockchain, Cryptocurrency
      0 0
      1
      blockchain future
      48
      SHARES
      320
      VIEWS
      Share on FacebookShare on Twitter

      Robert Metcalfe, founder of 3Com Corporation said, “The internet is prone to become fierce in the future”.

      After Twenty-plus years, his prediction has turned into reality as companies rely on the internet in many ways to perform their business operations. Not only does Metcalfe have the sense of internet sensation as many other experts have also predicted the same, and similarly, the internet is not only the breakthrough that humans are going to deal with as there are many other tech advancements to be experienced.

      A recent technology that has boomed the internet of things is blockchain technology.  It is a digital ledger that allows direct transfer of funds across the borders without the intervention of any third party. Apart from booming the cryptocurrency industry, blockchain also offers far more than access to traders to trade cryptocurrencies. To know more about Blockchain, cryptocurrency one can enroll in courses, training like Blockchain Training, to get updated about the trends and become the trendsetter in this field.

      The beauty of blockchain is that it generates more transparent partnerships with advertisers, enhance data security through mining pools, and streamlines the ways of transactions. According to the response from one-thirds of C-suite executives surveyed by IBM- Most of them use blockchain or are planning to implement it in their businesses.

      Like the internet, blockchain technology is also here to stay for a longer duration.  It is one of the growing fields and may impact other industries as well.  Nowadays, the investor (like CMOs) of blockchain has increased because some of them think that sooner Blockchain will replace the current system of transactions.

       

      Blockchain can Improve Trust

      “Higher the success rate of a brand, lesser the number of people trusting it”. This is confirmed by Edelman Trust Barometer, which calculates the trust in brands. When it comes to the blockchain, people become a bit sceptical.

      It gives them power to track and control every product from the first production to final sale, but also threats investors through scamming websites, for example, “ShapeShit.io” which gives the same address to every user to deposit bitcoins but they do not exchange funds.  So it is a two-way road.

      You can check which companies use right ways for trading and which ones are fraudsters. Walmart, a leading retail corporation, implemented blockchain to track the pork provenance in China in a bid so that safety can be improved, risks can be minimised, and trust can be developed among users.

      Blockchain cuts middleman in digital advertising, and  enables advertisers to deal directly with sponsors. Blockchain, perhaps one day, could even suck out Google and Facebook.

      Dieing out customer level programs may also get better through Blockchain. Brands can distribute and track more versatile points with the help of blockchain tech, which further empowers customers to use their rewards on everything ranging from hotels to spas.

      Read most Is Facebook turning to Blockchain?

      Decentralization can be the Future

      Blockchain follows decentralization principles and uses crowd-sourcing to gain tasks and does not depend on central authority. Till now, experts do not consider it a paradigm shift.  We have moved from centralization to decentralization, though this has happened long before blockchain gained pace.

      For example, Uber and Lyft have successfully transformed the entire transportation industry by empowering taxis and created a system that couples supply with demand.

      Airbnb has taken advantage of blockchain for property rentals, while Instagram is using it to uplift the influencer world.

      Similarly, YouTube has implemented it in in the non-professional entertainment world. A number of YouTube stars make big money with just a camera and a personality.

      Netflix, Inc. has done this in the professional entertainment world. Check the original content the company produces, which does not usually feature any Hollywood star.

      Shopify Inc. has boomed the e-commerce industry with it. Now, start-up internet entrepreneurs can sell anything, anywhere.

       

      Final words:

       IoT and blockchain are inseparable. Their convergence can potentially benefit businesses on many grounds, for example, security, speed, and value. Security concerns do not linger anymore because of the distribution of information across the ledger.

      One of the major advantages of private blockchains is that they allow businesses to choose the best features of decentralised lists. If managed correctly, blockchain can transform the way we use the IoT.

       

      Hitesh Malviya

      Hitesh Malviya is the Founder of ItsBlockchain. He is one of the most early adopters of blockchain & cryptocurrency enthusiast in India. After being into space for a few years, he started IBC in 2016 to help other early adopters learn about the technology.
      Before IBC, Hitesh has founded 4 companies in the cyber security & IT space.

      IBC-Transparent-Logo-(1)

      Subscribe To Our Newsletter

      Join our mailing list to receive Cryptocurrency investing and trading recommendations to your mailbox.

      You have Successfully Subscribed!

      Tags: blockchainInternet
      Share32Tweet7Share3

      Subscribe to get notified on latest posts.

      Unsubscribe

      Related Posts

      Polygon: The Swiss Army Knife of Web3

      Polygon: The Swiss Army Knife of Web3

      by Shubh M
      May 27, 2023
      0

      The extraordinary ascent of Polygon Labs commenced with the collaborative efforts of its founding team, Jaynti, Snadeep, and Anurag, who...

      Worldcoin: The Biggest Crypto Scam or Innovation?

      Worldcoin: The Biggest Crypto Scam or Innovation?

      by Guest Author
      May 18, 2023
      0

      With a mission to bring crypto to the masses, Worldcoin aims to become the first truly global digital currency. Its...

      What Blockchain Can Learn From Barnes & Noble and the Jacksonville Jaguars

      What Blockchain Can Learn From Barnes & Noble and the Jacksonville Jaguars

      by Zach Hirsch
      January 17, 2023
      0

      With the convergence of AI, AR, VR, and blockchain now making alternative realities possible with web3, it’s a cool time...

      RINO Enterprise Wallet launches free Community Edition

      RINO Enterprise Wallet launches free Community Edition

      by Hitesh Malviya
      January 14, 2023
      0

      RINO, an enterprise-focused Monero Wallet, has recently launched a free Community Edition that allows everyone to benefit from some of...

      Modular Blockchains: The Next Big Thing in Web3

      Modular Blockchains: The Next Big Thing in Web3

      by Aniketh Paul
      December 12, 2022
      0

      Modular blockchains focus only on specific tasks and offload the rest to other layers. Celestia is one of the examples of such blockchain projects....

      Load More

      About Us

      We curate the best cryptocurrency projects with the intention of adding value for investors through the process of selecting, organizing, and looking after different projects available in the cryptocurrency market.

      • Trending
      • Comments
      • Latest
      featured image

      List of leading partners of Ripple, and How they use XRP?

      February 2, 2021
      Top 5 DeFi Projects on Tezos

      Top 5 DeFi Projects on Tezos

      December 26, 2022
      Top crypto coins for 2018

      Top 25 crypto coins to Buy in 2018 [UPDATED]

      October 4, 2018
      IoT Chain

      IoT Chain : The IOTA Killer

      September 20, 2018
      Highlights from 2021: The Year of Crypto

      Highlights from 2021: The Year of Crypto

      December 31, 2021
      Be warned! Hackers are abusing API keys and stealing your funds

      Be warned! Hackers are abusing API keys and stealing your funds

      June 15, 2021
      cryptocurrency

      Top 10 Cryptocurrency Projects from India

      May 18, 2021
      Polygon: The Swiss Army Knife of Web3

      Polygon: The Swiss Army Knife of Web3

      May 27, 2023
      Worldcoin: The Biggest Crypto Scam or Innovation?

      Worldcoin: The Biggest Crypto Scam or Innovation?

      May 18, 2023
      EIP-4844 Explained | The Biggest Ethereum Upgrade

      EIP-4844 Explained | The Biggest Ethereum Upgrade

      February 7, 2023
      What Blockchain Can Learn From Barnes & Noble and the Jacksonville Jaguars

      What Blockchain Can Learn From Barnes & Noble and the Jacksonville Jaguars

      January 17, 2023
      RINO Enterprise Wallet launches free Community Edition

      RINO Enterprise Wallet launches free Community Edition

      January 14, 2023
      Top 5 DeFi Projects on Tezos

      Top 5 DeFi Projects on Tezos

      December 26, 2022
      Modular Blockchains: The Next Big Thing in Web3

      Modular Blockchains: The Next Big Thing in Web3

      December 12, 2022
      • Top 10 Cheap Cryptocurrencies with Huge Potential in 2021 | Best Penny Crypto Coins

        Top 10 Cheap Cryptocurrencies with Huge Potential in 2021 | Best Penny Crypto Coins

        29635 shares
        Share 11843 Tweet 7402
      • A Mysterious Bitcoin Whale who sold 3000 Bitcoins at 58K$, Bought back 3521 Bitcoins in the last three days

        9933 shares
        Share 3972 Tweet 2483
      • Top 10 Low market cap altcoins to invest in 2021

        7269 shares
        Share 2906 Tweet 1816
      • Top 10 NFT Crypto Projects You Should Know

        7256 shares
        Share 2623 Tweet 1640
      • List of leading partners of Ripple, and How they use XRP?

        6150 shares
        Share 2460 Tweet 1537
      ItsBlockchain

      We are India’s first and oldest Blockchain & Cryptocurrency publication platform started in 2016. We are a one-stop destination for technical analysis, cryptocurrency recommendations, and Blockchain technology resources.

      Buying Guides

      • Buy Bitcoins in India
      • Buy Bitcoins in China
      • Buy bitcoins in Russia
      • Buy Bitcoins in Japan
      • Buy Bitcoins in Turkey

      Important Links

      • Home
      • About US
      • Privacy Policy
      • Promote Your ICO
      • Submit post

      Follow Us

      Contact us

      support@itsblockchain.com

      © 2020 itsblockchain.com - Designed and maintained by Fanatic Coders

      No Result
      View All Result
      • Bitcoin
      • Crypto Gems
      • NFT
      • DEFI
      • Crypto Lists
      • Altcoin
      • Crypto Market
      • Guide
      • IBC Capital

      © 2020 itsblockchain.com - Designed and maintained by Fanatic Coders

      Login to your account below

      Forgotten Password?

      Fill the forms bellow to register

      All fields are required. Log In

      Retrieve your password

      Please enter your username or email address to reset your password.

      Log In
      This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.