Thread by @zignaly

(1/11) Is #Blockchain an enabler for sustainable future? Fasten your seatbelts as we’re all set to embark on a deep topic voyage. 🧵 Read more at:

medium.com/zignaly/llts72…

(2/11) 💻 #Blockchain is a shared #ledger or repository that computer #subnets may access. It is similar to a #database, but it is secure and #decentralized. #Cryptocurrency systems like #Bitcoin use blockchains to keep a secure and decentralized database of transactions. 🔐

(3/11) 💡Blockchain eliminates a #centralized command structure, allowing #data sharing among parties without needing a centralized system or administrator. It is #secure and #data can't be corrupted or destroyed by anyone with access to the main database. #FinancialTechnology

(4/11) It offers greater data trust and #transparency, leading to improvements in quality, productivity, and creativity. It can create #smart contracts that are executed in real time, reducing the need for middlemen and increasing #security. ✅ #DataSecurity #SmartContracts

(5/11) 🤝#Blockchain has the potential to increase financial inclusion by enabling entrepreneurs to compete with traditional #banks. It also increases security with its smart contracts and eliminates the need for middlemen. #Fintech #Banking

(6/11) 💻Blockchain can be used to build trust with smart #contracts, reducing the need for middlemen. It can also be used to create secure and efficient digital transactions, #reducing costs and increasing efficiency. #FinancialServices #DigitalTransactions

(7/11) ❌#Blockchain has scalability issues, as it depends on all decentralized nodes. It also lacks the customization of traditional databases and #privacy when it comes to data. #DataPrivacy #DataManagement

(8/11) While the answer is still up for debate, it is widely agreed that #Blockchain #technology is already having a significant impact on the world’s economies and #financial systems. #Finance #Economics

(9/11) #Blockchain can be used to create secure digital identities, create #digital tokens, and even provide #digital voting. 💡 #DigitalIdentity #DigitalTokens #DigitalVoting

(10/11) ✅#Blockchain can reduce costs and increase access to #banking by combining mobile devices with digital identification. It also eliminates the need for a #centralized system or #administrator. #FinancialInclusion

(11/11) The immense potentials of #Blockchain have yet to be unveiled and utilized, and the world is just now accepting and integrating this technology into its different parts. ⚡⚡👀💡 #Technology #Innovation #Future