Steemit Crypto Academy Contest / S2W3 - Blockchain In Our Lives. By @sameer07

Hi Friends, i hope all friends will be fine and enjoying your life by the grace of God.
I'm glad to say that we are enter in the third week of season two of Steemit Engagement Challenge. In this week we will talk about the Blockchain In Our Lives. I'm very excited to take participate in this contest of the present week. In this post we will briefly discuss about blockchain in our lives. I hope all members will Enjoying my post.

^{Image is designed by me from Canva}

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Blockchain is Changing everyday life for everyone, what is your opinion on the matter?

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Blockchain technology is one the fastest growing technology in all over the world. In this shortest possible time blockchain technology has covered many aspects including human activities. We have seen blockchain in many fields like Education System, Cyber security politics, and in health etc.

Blockchain has touched almost every aspects of our lives. In financial sectors, blockchain has helped to ensure that it uses the same accepted currency, Cryptocurrency worldwide and it's improved transparency transactions speed security and charges during transaction.

Uneditable nature of blockchain Revolutionizes the field of record keeping in revenue departments where a lot of records have to be maintained. The search of these records by the general people's always take more time from traditional source's.

Blockchain is seen in the Sports World where in these days many clubs have tokens which they use for payments and other activities in and outside the teams. Keeping records is easier and more secure because any data use in blockchain is Unchangeable

Many children or students in all over the world go to the Education Center for get education. In one system, the data of students not safe to keep. But blockchain solved the issue, now in these days all education centers store the data of all students on blockchain, which works really good.

Blockchain was not only designed for Cryptocurrencies and the transactions related to use. It has been made in all spheres of society where information and old records need to be kept blockchain technology is useful in finance, judicial system, transportation, logistics, health care

People's want everything that will give him comfort and efficiency. Let me just say that blockchain technology is the most comfortable technology people have ever wanted. If we we discover it's hidden potential, which has been revealed to a certain extent, the wider acceptance and adoption will be in other areas.

In my opinion, blockchain is important in many areas of our daily lives, so we have to prepare for it and the opportunities they offer us.
Blockchain gradually reaching the heights where businesses and companies can thrive without human intervention.

What are the main advantages and disadvantages of adopting the use of blockchain in everyday life?

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We have many Pros and Cons of adopting the use of blockchain in our lives, these are things that either make or break the use of blockchain.

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Advantages of Blockchain In Our Lives

🔹Accountability:

Blockchain Operations are recorded only after verification and are unchangeable and can't be deleted after recording. Blockchain therefore incorporates an built-in auditable system into the any field where it's use.

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🔹Transparency:

Transparency is one of the best advantage of blockchain. Blockchain Technology is in transparent nature. Nothing is hidden in this technology, whenever there is activity, it can be seen by all and with it data can not manipulated by any way.

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🔹Security:

In blockchain technology, Data is stored surely secure because they use cryptographic algorithms. Transactions are encrypted and decrypted by only the parties involved. When transactions is processed, it is systematically recorded on block and can't be changed after verification and recorded.

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🔹Immutability:

Data stored in blockchain, cannot be be modified. This is another main reason why blockchain is widely adopted by many people's, their records can neither changed or break or not burst over time. It remains unchanged forever.

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🔹No Third Party:

Blockchain technology eliminates the use of third party, as is usually in our daily lives. You do not want to be frustrated if you cannot get the right pitch. You deal directly with the party involved.

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🔹 Blockchain provide us s fast and secure transaction.

🔹In blockchain technology, third party is totally absence.

🔹 Blockchain save our time during sending money, like if we go bank to send money to other person, there is too much cost of time, so blockchain technology save our time. We transfer money sit at the home.

🔹 Transactions in blockchain technology don't delay it's performed speedily.

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Disadvantages of Blockchain In Our Lives

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🔸Instability of Price:

The value of assets like Cryptocurrencies are always fluctuating in the financial market and this has prevented many people's from going into blockchain because they don't know the movement of price and they don't lose their entire investment.

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🔸Irreversible Transactions:

Another disadvantage that has stopped the adoption of blockchain technology is its irreversible nature of Transactions, if we transfer our transaction to wrong address, we can't recover our transaction, so our transaction totally lost. Blockchain can be changed , it may lead to the loss of many investment.

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🔸Lost of Private keys:

In blockchain technology,To access our account only private keys are given us. This only provide for the access to account. But if by mistake, private keys are lost, we all lost our assets in this account. We will never recover the account and assets get back. Because it is Decentralized. So be careful and safe your private keys.

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🔸Regulation:

The government wants to control the blockchain sectors, the idea of which was created to address the aspects and si they bring some rules and regulations that currently limiting the adoption of blockchain technology by many countries.

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🔸 Blockchain Technology consumes a lot of energy.If the blockchain is adopted in all aspects of our lives, it will cost more to maintain it.

🔸 Hackers can access any person information and use it against that person. We know that anything that is online can be hacked.

🔸 Many people's will not be able to use blockchain technology because due to it's complex nature.

Discuss the future of blockchain and how this Technology is impacting the world

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The future of blockchain is very bright as it slowly diversifying it's use. There is no doubt that future of blockchain is very bright otherwise it has been facing ups and downs. Look at the introduction of technology in 2009 with the development of bitcoin. 12 years after this great development we can see that many crypto assets have also came into existence.

In addition of keeping records, of financial transactions involving the transfer of coin that is link with Cryptocurrencies, like upper i talk blockchain applies to health care, finance, governance and other activities. The positive impact of blockchain on business has led to the preparation of the blockchain Revolution in the successful companies, that is effecting the economy of world.

Blockchain Is the technology that helps every Cryptocurrencies flourish. Cryptocurrency work on the technology that keep the record of transactions with its limits. Blockchain has led to the emergence of many crypto projects that made it possible for trade on any exchange. Blockchain provided many crypto lovers to make money in crypto market. Due the blockchain technology, on crypto platforms possible to trading and investing.

Blockchain technology, will continue to evolve and be revised and make its way into the e-learning system, leading to growth for more developer's, Thus creating more job opportunities

If the blockchain is adopted in the government or politics today, the main problem of election fraud, will be completely eliminated and much clear and trust able results will be achieved by the people's concerned. There is no doubt, adopting blockchain go a long way in making things easier for anyone.

Blockchain Technology,is being adopted gradually. But I'm 100% sure that in the years to come blockchain technology will be adopted to every notable sector of the world on daily basis, reason is not far off, the benefits are obviously know to all.

What is your opinion about the implementation of blockchains in the health sector? Has the implementation been positive or negative? Explain a use case.

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Implementation of blockchains in health sector is great way to improve many health care units. Implementing blockchains will help protect and safe the data of patients. I see in many hospitals medical records and data of patients are handled in a such way that is difficult to find data patient data and in this situation patient have to wait.

I believe that, implementation of blockchains in health sector solve the issue of patients. Various blockchain companies that are doing well right now, like Avenor, Medical Chain, ProCredX etc.

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Medical Chain:

Blockchain technology, can be seen it medical field. In the field of health care sector. Medical Chain is one of the project Designed for surely manage health record with absence of third party. This helps us keep a complete record of the individual health problems in one place. In addition medical staff do not need to the patient in person but can make recommendations based on information listed on blockchain.

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Electronic Medical Record (EMR)

Identify a specific disease pattern in real time will help trigger a reaction. The presence of cryptographic algorithms has create the information untouchable. As records become available online, will be identified in real time as particular symptomatic will appear at higher frequencies. This also helps to medical personnel to receive and send information in all over the world without delay.

Health Data Protection:

Health Data is completely secure from anyone through blockchain. We know that, best advantage of blockchain technology is its has unchanging nature. In which stored data cannot be changed . So blockchain technology has excellent in the field of health sector.

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🔹It provides faster, lower cost and better care for the sick.

🔹 Blockchain technology makes it possible to search and store medical equipment.

🔹 Blockchain Technology facilities patient between health care providers.

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Conclusion

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Blockchain has touched our lives in many ways. It has been seen in many areas of our lives and it has strengthened innovation. Blockchain technology has proven its importance when it comes to speed, Immutability, safety , transparency etc. I want to say this journey of blockchain technology has just begun.

At the end I would like to invite my friends, @faran-nabeel , @chaitanno000 and @shamimhossain . I hope my friends must participate in this contest as soon as possible.

Best Regards 💞,
@sameer07