COVID-crisis influence over the digital world
With implemented quarantine, the global economy will suffer because it forces all businesses to put their productivity on pause. The sheer sense of business existence is making money. If they stop producing goods or providing services, they stop making a profit. This makes them less able to pay taxes and use more people, providing them with salaries (*read - mean of living). Yes, businesses can pay wages to the workers during the quarantine. For a month. Maybe two if they were profitable before. However, the more time the business doesn’t work - the more endangered its existence is, so people lose their jobs. They lose their jobs - they get less or no money. They have no money - the buy nothing but minimal food and means of living. People spend less - businesses that still afloat sell less and they need fewer people to work. People lose jobs… A vicious circle of COVID life.
view
Blockchain: the basic concepts and applications ideas
Blockchain is a system of computers that we use to share and store secured data. This data can be anything: a well-known bitcoin, personal documents or any other piece of information people decide to share. Blockchain can use smart contracts that accelerate the development of online business.
view
