It is not surprise that cryptocurrency has become one of the famous product in the late 2000s,within the latest application of the block chain technologies and the decentralize nature, Bitcoin, has been a lot of attention and attraction among the world. However, as people are calm down and started to concrete about the truth value of cryptocurrency: that is the chain block technologies, a technologies that have a high security that is preventing easily access to sensitive information. This technologies are surly valuable in the application of various industries especially in the finical industries since it has to being security in the trading process.
The cryptocurrency and block chain technologies are always seen a symbiotic relationship. However, it is opposite when it comes to reality: The block chain technology and cryptocurrency are actually the two different technologies, while the cryptocurrency is only a key technologies to the cryptocurrency it could survival alone without cryptocurrency. In other words, it still have plenty of room for developed, and so on, to use in many aspects.
One of the main application of chain block technologies is in the siblings of cryptocurrency: The national currency. In Poland, the country are now started to publish a national currency called PLN coins. It is a national cryptocurrency which based on the credit of PLN, which is the Polish national currency, Złoty. In this case, the chain block technologies are playing an important role to of the national cryptocurrency development, the national currency are basically a system that is independent from the national currency, and than the traditional currency. But since the new national currency is also relied on the credit of the złoty. Also, the purchasing power of currency will be much larger than the original one: It is due to the encrypted and safer nature of chain block technologies, each transaction are under in a safety environment, the trading cost are reduced. This make the e-zloty are more safer and expensive comparing with the original one. However, the application of block chain technologies are now only in a very small scale. It is because people are still do not believe the chain block technologies in other usage. The application of chain block still remains uncertain. The main questions is: what is the core value of chain block technologies and how does the people could eventfully picked up the chain block technologies?
The essence of chain block is encryption. However, there is not a completely truth: since the absolute safety does not existed in the world. In short, people are losing trustfulness to the chain block technologies by not seeing any practical application in the field they have already known.The core value of finical is “trusting”, when people could not see things being trustworthy, they are rather not risking the money to invest something they don’t really know. In other to solve this problem, organization like government should be the fist to lead the rest of the society to develop the chain block technologies. Just from now, the Chinese government would raising the chain block technologies to the new level, claiming that “chain block technologies will be the second internet revolution.” , and announced that they will put the great effort to take a role of chain block development.
As people cannot foresee the future, we are also cannot tell by which degree that the future development of chain block can reach for. But there is one thing for certain: The Poland company example could show that one of the chain block technologies nature is enhancing the asset value through the encrypted work. Still, the mature of chain block technologies development should “get a long way to Tipperary”.
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