Why should we study Blockchain | Importance of Blockchain | Part 2 | Hindi

Summary

In this engaging video, the speaker discusses the importance of studying blockchain technology as a disruptive force that revolutionizes traditional systems. Highlighting its role in restoring trust following the 2008 financial crisis, the speaker compares blockchain to the transformative impact of the internet on communication. By addressing issues of authenticity and accountability in transactions, blockchain presents practical applications in verifying products and ensuring proper use of donations. The speaker encourages viewers to embrace blockchain for future advantages and invites them to subscribe for more insightful content.

Takeaways

• 😀 Understanding the purpose of studying a subject enhances interest and comprehension.
• 📚 Blockchain is a disruptive technology that transforms traditional approaches.
• 🚗 Examples like the shift from carriages to cars illustrate the impact of disruptive technologies.
• 🌐 The internet revolutionized communication, similar to how blockchain is reshaping trust ecosystems.
• 🔗 Blockchain addresses trust issues that arose after the 2008 financial crisis.
• ☕ Blockchain can verify the authenticity of products, like ensuring coffee comes from its claimed origin.
• 💵 It can enhance transparency in NGOs by ensuring donations are used appropriately.
• 🔍 Trust in brands and organizations can be validated through blockchain technology.
• 🔄 The video aims to educate viewers about blockchain's applications in various fields.
• 👍 Viewers are encouraged to subscribe for more educational content on blockchain.

Q & A

What is the primary reason for studying blockchain according to the speaker?

The speaker emphasizes that understanding the reason behind studying blockchain can spark interest and make the learning process easier.

How does the speaker define 'disruptive technology'?

Disruptive technology is defined as technology that fundamentally changes traditional approaches and introduces new solutions, like how cars replaced horse-drawn carriages.

What example does the speaker use to illustrate the impact of the internet?

The speaker uses the example of emails and social media to show how the internet transformed global communication, making it faster and more accessible.

What was the impact of the 2008 financial crisis on public trust?

The 2008 financial crisis eroded public trust in banks and governments, highlighting the need for a trustworthy system, which blockchain aims to address.

Why is blockchain considered a solution for trust-related issues?

Blockchain is considered a solution because it provides a transparent method to verify authenticity and track the use of resources, enhancing trust in transactions.

Can you give an example of how blockchain can ensure product authenticity?

The speaker mentions coffee as an example; blockchain can verify that the coffee you purchase is genuinely sourced from the claimed origin, ensuring its authenticity.

How does blockchain address concerns about NGO fund utilization?

Blockchain allows for tracking donations to NGOs, ensuring that the funds are used effectively and reach those in need, which addresses public concerns about financial transparency.

What is the future significance of studying blockchain according to the speaker?

Studying blockchain now positions individuals advantageously for future opportunities in this transformative technology as its applications continue to grow.

What does the speaker encourage viewers to do at the end of the video?

The speaker encourages viewers to like the video, share it, and subscribe to the channel for updates on new content.

What will the next part of the series cover?

The next part of the series will cover the fundamentals of what blockchain is.