Iran taking advantage of the Bitcoin Technology

damashiro (47)in #blockchain • 5 years ago

As blockchain technology is becoming more and more popular , uptake of the same is not so much in African countries. However it is interesting to see Iran taking up and making good use of the Blockchain technology. This has been necessitated by by the renewal of economic sanctions from the west. With the good reputation of the blockchain technology one of them being transparency i can bet 100 % sure that Iran can manage to ride on this blockchain technology and be able to circumvent the sanctions. However it looks like by Iran coming up with the national blockchain, the same may end up being centralized as opposed to being decentralized. Following up on these keenly to see how it spans out. Blockchain technology news.

Image Courtesy; Getty images

#ussanctions #iran #steemdollars #crypto

5 years ago in #blockchain by damashiro (47)

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steemitboard (66) 5 years ago

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minnowsupport (70) 5 years ago

Congratulations! This post has been upvoted from the communal account, @minnowsupport, by murathe from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, someguy123, neoxian, followbtcnews, and netuoso. The goal is to help Steemit grow by supporting Minnows. Please find us at the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.

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murathe (61) 5 years ago

Trust no government even if it claims to be unique. The fact the Iranian govt wants to be engraved into blockchain waters, decentralization looses but not with a big percentage.

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damashiro (47) 5 years ago

i agree with you @ Murathe lets see how this will turn out to be

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