Blockchain technology is a game changer.

Blockchain will completely change the world. The introduction of this technology into different industries will lead to decentralization and democracy in these industries. For example, the banking industry will become democratic because it will be owned by the people instead of Central Banks. This can also cause problems if there is not enough regulation for the new technology because the unregulated economy may be abused by corrupt governments. Blockchain may be the most revolutionary technology after the internet because it is completely decentralized.

The problem with cryptocurrencies like Bitcoin is that there are too many speculations about them, which causes the value of cryptocurrencies to fluctuate wildly. The volatility reflects on other smaller alternate coins (altcoins) like Litecoin, which isn't as valuable as Bitcoin but still has market capitalization of $1 billion.

The banking industry is mostly under Central Banks' control, and they use fractional reserve system for their business which means they can print out more money from thin air because their deposit base isn't enough to back those printed money. This will lead to inflation over time. In countries without proper regulation, this can cause hyperinflation if a Central Bank prints too much money. The reason why Central Banks exist is to protect the value of currency, but if they print out too much money then the currency is significantly devalued over time causing people to lose their savings.

Decentralized cryptocurrencies are better because it is not under one single party's control which means that no single person or entity can abuse its power. For example, in Greece there was a lot of speculation about leaving Eurozone and returning back to drachma which caused Euros to be bought with higher price than usual by Greek citizens with the hope that Euros would be devalued after Greece returns back to drachma. This made Euros more valuable compared with other countries' currencies, which was good for those who had Euros but not so good for those who had loans with high interest.

There are 2 potential issues which could arise out of unregulated crypto-economy: first, the government may ban cryptocurrencies to maintain its own centralized system; second, if there is no regulation then the economy becomes volatile and speculative because it is too new. This may be one reason why some countries like China or South Korea have banned cryptocurrency trading. Another issue is fraud because there are way too many frauds in this business which has caused people to lose money. For example, Bitconnect was a Ponzi scheme that promised guaranteed return on investment but was revealed as fraud after making $2 billion last year before it collapsed in January 2018. To frauds like these, proper regulations should be implemented.

The other reason why the crypto-economy is too speculative and volatile due to ICOs (Initial Coin Offerings). Most of these startups are funded by ICOs as a way of crowdfunding instead of cash because most ICOs accept cryptocurrencies like Ether, which can fluctuate wildly in price. This makes it hard for startup companies to determine the price they should sell their tokens at because they don't know if their token will have lower or higher value after 6 months when they are ready to list on exchanges. Furthermore, there are no regulations on how much money can be raised via an ICO. Recently, Telegram raised $1.7 billion in its private pre-ICO sale before doing public offering which caused SEC (U.S. Securities and Exchange Commission) to investigate this company for violation of securities law.The reason why Telegram was investigated is because it may be considered as unregistered security without SEC's prior approval, so the case with Telegram shows that there is lack of regulations in ICO market just like cryptocurrencies.

ICO companies are not only in tech sector but also in non-tech sectors like clothing, food, entertainment etc. For example, just recently Kodak announced its ICO called KODAKCoin for photographers to receive compensation for licensing their work on digital platforms like Instagram or Getty Images by issuing blockchain-powered tokens where transactions will be done automatically once payment (in KODAKCoin) is received via smart contract.

- What is blockchain?

- Why does Blockchain Need Regulations?

- How can blockchain make the world a better place?

- Who will be the first to adopt this technology?

- What types of regulations should be implemented?

- Why is there no regulation on ICOs?

- How will blockchain affect the world in a positive way?

4. The first one to adopt this technology would probably be large companies because they have enough resources and capital to invest into something new. For example, IBM has already partnered with 7 Central Banks from different countries including U.S., Canada, Australia etc. which shows that IBM wants to play a big role in shaping the future of banking via Blockchain Technology for its clients who are banks and governments throughout North America and Europe.

5. I think regulations should include: 1) Know Your Customer (KYC): customers' identity must be verified by confirming their official identification documents like passports or ID cards which is essential to prevent money laundering and fraud. 2) Anti-Money Laundering (AML): the process of preventing individuals from using cash earned through illegal activities such as drug trade, terrorism etc. This can be done by requiring companies who deal with cryptocurrencies to register with the government and follow anti-money laundering laws that require them to report suspicious activity for complete transparency in trading via blockchain technology.

How Blockchain Will Change The World

Standard benefits:

- Prevent fraud and scams with KYC verification.

- Reduce the risk of money laundering by AML regulations.

Emotional benefits:

- You'll be able to sleep soundly at night knowing your funds are safe from theft, scams, or hackers.

- Knowing that our government is actively working towards protecting it's citizens and their assets.

6. The reason why there are no regulations on ICOs is because the market is growing so fast so governments and financial institutions haven't been able to keep up with the pace of this new technology. They must put in place certain rules and bylaws to reduce or even stop fraudulent ICOs from occurring or they can take a wait-and-see approach by watching how things unfold in order to learn more about this technology before making any decisions on whether it should be banned, regulated or left alone.

7. Blockchain is an innovative technology that has endless possibilities which will create many new jobs for everyone including coders/programmers who will be able to develop new decentralized apps for the everyday man. Blockchain will also help eliminate 3rd parties like Banks because we can transfer and receive funds without having to give away a percentage of our profits to banks every time we want to send or receive money. Many countries today are still in need of establishing proper trade agreements between each other, but blockchain will allow instant payment with low transaction fees which is something that didn't exist before blockchain technology came along.

"How Blockchain Will Change The World" by Maria Wulandariyanti was originally published on CoinCentral .

Maria Wulandariyanti graduated from UCSI University where she studied Bachelor's Degree International Business majoring in Marketing and Financial Management.

• Large companies adopt the technology first because they have access to resources and capital

• Know Your Customer (KYC): customers' identity must be verified by confirming their identification through official documents like passports or ID cards.

• Anti-Money Laundering (AML): the process of preventing individuals from using cash earned through illegal activities like drug trade, terrorism, etc. that can be done by requiring companies who deal with cryptocurrencies to register with the government and follow AML laws which requires them to report suspicious activity for complete transparency in trading via blockchain technology.

• Standard benefits:

- Prevent fraud and scams with KYC verification.

- Reduce the risk of money laundering by AML regulations.

• Emotional benefits:

- You'll be able to sleep soundly at night knowing your funds are safe from theft, scams or hackers.

- Knowing that our government is actively working towards protecting its citizens and their assets.

• The reason why there are no regulations on ICOs is because the market is growing so fast so governments and financial institutions haven't been able to keep up with the pace of this new technology. They must put in place certain rules and bylaws to reduce or even stop fraudulent ICOs from occurring or they can take a wait-and-see approach by watching how things unfold in order to learn more about this technology before making any decisions on whether it should be banned, regulated or left alone.

• Blockchain is an innovative technology that has endless possibilities which will create many new jobs for everyone including coders/programmers who will be able to develop new decentralized apps for the everyday man. Blockchain will also help eliminate 3rd parties like Banks because we can transfer and receive funds without having to give away a percentage of our profits to banks every time we want to send or receive money. Many countries today are still in need of establishing proper trade agreements between each other, but blockchain will allow instant payment with low transaction fees which is something that didn't exist before blockchain technology came along.

Blockchain technology is a game changer. It will revolutionize the way we do business, trade and share data around the world. The benefits of blockchain are endless but these few that can be seen right now show why it's important to understand how this innovative technology works in order to stay ahead of your competition. If you're interested in learning more about what blockchain has done for other industries or want help implementing this exciting new tech into your company's digital marketing strategy, reach out today! Our team would love to work with you on creating an online presence that engages customers by offering them value through transparency and security via blockchain technologies.