Whats the future of blockchain social media platforms

[Lyrrex]

Hi friends!
Lately, blockchain social platforms ( such as -- steemit, minds, hive and etc) which are major competitors of the big players in the market such as Facebook, instagram and co. has been on the trend, with many still strugling to remain in business.
Do you see any future for these platforms in few years to come?

 

[greenie]

considering that crypto currencies are advancing day by day, I say yes, their platforms will also be top.

 

[giddy]

Blockchain has the potential to transform several markets within media and entertainment, but particularly those where participants would benefit from the security and transparency that blockchain would offer, such as distribution of payments, funding, monetization and contract enforcement.

 

[zagzagi]

In my opinion, new DLT technologies such as DAG, Tangle, Holo, Avalanche etc. that developed after Blockchain promise to create much faster, efficient, decentralized, democratic and user-friendly social media platforms.

In addition, cryptocurrency companies have taken plans to adapt the games to platforms such as Android and iOS. After the infrastructure and market of the games that can save crypto money, the investments to be made in this field will increase.

 

[Akinwale701]

Hi friends!
Lately, blockchain social platforms ( such as -- steemit, minds, hive and etc) which are major competitors of the big players in the market such as Facebook, instagram and co. has been on the trend, with many still strugling to remain in business.
Do you see any future for these platforms in few years to come?

actually, no one can say that this is exactly what will become of or happen to BlockChain platforms in the future, we can't be so sure the system will still continue to be decentralized as it is now, we can't be so sure there won't be any back-end leackage of the platforms. All of us just know what it is about right now

 

[GIFTMICHAEL]

Blockchain has the potential to transform several markets within media and entertainment, but particularly those where participants would benefit from the security and transparency that blockchain would offer, such as distribution of payments, funding, monetization and contract enforcement.

Block chain will continue despite struggling to become one of the popular platform because this business tends to provide transparency to other platform.

The activities of block chain and the services it renders can never be written off. This platform provide distribution payment, fund and contract enforcement which are very important. Block chain has the possibility to grow as Bitcoin and etc

 

[Highflyer]

By 2022, at least one innovative business built on blockchain technology will be worth $10 billion. By 2026, the business value added by blockchain will grow to just over $360 billion, then by 2030 grow to more than $3.1 trillion.Learning blockchain and Studying the underlying fields that gave birth to blockchain technology will definitely be worth your time. Blockchain is a niche subject with a lot of jargon surrounding it, if you don't have the time to take a university course, there are other ways to increase your knowledge and expertise.

 

[Bilal0087]

Hi friends!
Lately, blockchain social platforms ( such as -- steemit, minds, hive and etc) which are major competitors of the big players in the market such as Facebook, instagram and co. has been on the trend, with many still strugling to remain in business.
Do you see any future for these platforms in few years to come?

With the advancement of Technology and Science in the world cryptocurrency also increasing it's worth every day.
And I think in the next 4 to 5 years blockchain will also develop to ensure the safe and fast transactions of cryptocurrency
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Hi friends!
Lately, blockchain social platforms ( such as -- steemit, minds, hive and etc) which are major competitors of the big players in the market such as Facebook, instagram and co. has been on the trend, with many still strugling to remain in business.
Do you see any future for these platforms in few years to come?

With the advancement of Technology and Science in the world cryptocurrency also increasing it's worth every day.
And I think in the next 4 to 5 years blockchain will also develop to ensure the safe and fast transactions of cryptocurrency

 

[Lyrrex]

actually, no one can say that this is exactly what will become of or happen to BlockChain platforms in the future, we can't be so sure the system will still continue to be decentralized as it is now, we can't be so sure there won't be any back-end leackage of the platforms. All of us just know what it is about right now

I understand your point you may be right, we can't be so sure.
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By 2022, at least one innovative business built on blockchain technology will be worth $10 billion. By 2026, the business value added by blockchain will grow to just over $360 billion, then by 2030 grow to more than $3.1 trillion.Learning blockchain and Studying the underlying fields that gave birth to blockchain technology will definitely be worth your time. Blockchain is a niche subject with a lot of jargon surrounding it, if you don't have the time to take a university course, there are other ways to increase your knowledge and expertise.

I think someone who doesn't have the money to take a university course on blockchain technology should just forget about it , learning it anywhere about from the university or government approved higher institution will not make sense because it has a lot of wide field that requires require train expert to be able to impact the knowledge in you

 

[Ridorz]

In my thoughts and prediction to this question, I can say blockchain will still exists and sustain the top of their status, as far technology and science is improving every day by day and that cryptocorrency is making transaction in terms of withdraw and deposit/ buying and selling in it.

 

[Ralphjoe]

Well we never can tell the future of these blockchain based social network, this is the first time that I am hearing about these social network names that you mentioned. I believe these sites has the potential to hit it big in the social network market but they need to do alot of advertisement and enlightenment of their unique features.

 

[Nurudeen]

The rise in the crypto currency exchange Business will definitely sustain the social media platform that works hand in hand with blockchain like steemit. The fall of the crypto currency exchange Business is the only thing that can collapse this platform. So if the coin are still in place those PLATFORMs too will be in place.

 

[Adeyoola7]

As an emerging technology, Blockchain still has an uncertain future. ... Cryptocurrencies of all types use the Blockchain as a form of distributed ledger technology. Blockchains act as a decentralized system for recording transactions for a digital currency. More simply, the Blockchain is a digital, transactional ledger.

 

[Janita]

No matter which way we look at it, blockchain based technology and decentralization is the future of many in many fields and especially in social media. Meaning there is no central organization or overseer controlling value. This, of course, gives a huge advantage to people who use these technologies since they are collective contributors to the product and have control over its value. In an industry like social media, where many users feel that they are being taken advantage of, this is a huge selling point.

 

[Lagazine]

Social media blockchain will always see the light of the days. The future of blockchain in social media is bright as a lots as it gives chance to the investors to deliberate on the rise and fall of the crypto currency. If social media platforms are not in place, the coins would have been termed fake as a lots of people will not have access to the proof of reality in any coin.

 

[Goodday]

Yes, l still see great future in those blockchain platforms and they might be able to compete with the social platforms like the Facebook and co. Blockchain technology is increasing greatly and there is some assurance it might be accepted very soon by many individuals and societies.

 

[Dowenship]

Well I don't see any future for them yet because I realized that social media will always adapt to what the society are into majorly very soon social media will be go to operate on crypto currency which already as large audience which can lead to the shut down of this crypto media and co.

 

[EMMANUEL]

Coming to Blockchain-based social media platforms, they ensure greater privacy and allow users' right to express freely. Distributed ledger technology enables users to make transactions privately as only the sender and recipient know about the transaction's contents.

 

[Debola]

Blockchain will be business-ready.

According to Hackernoon, Dispatch Labs technology is likely to create the biggest disruption in 2018, propelling the industry forward and creating an opportunity for blockchain to become mainstream. ... Perhaps the most telling of all is the future potential of blockchain technology.

 

[Eodine]

Social media platform that promotes crypto currency have always been trending since the rise of crypto currency,with Bitcoin being on to with the highest value so in the nearest future, these media platforms would be more popular.