The Roles of Blockchain Technology in the Future of the World
What once started as the technology that made bitcoin possible, blockchain has proven that it’s more than just a cryptocurrency tool. The question that was once asked about what will happen next if all 21 million bitcoins have already been mined has pretty much already been answered by the increasing use cases of blockchain technology. It has gone over and beyond just being a cryptocurrency technology. With time, it has already been able to penetrate primary industry sectors such as healthcare, manufacturing, finance, banking, and much more, in the current world. While this is the case, it still holds a lot of promises so, what further roles will blockchain technology play in the future world? Here are some sound predictions based on current trends. Banks and governments to adopt blockchain-based cryptocurrencies Over the next decade, blockchain-based cryptocurrencies will be the area of experimentation for most banks and governments around the world. In fact, some of them have already started with what is called Central Bank Digital Currencies or CBDC, which, therefore, makes it inevitable that the currency of the future world will be cryptos. The internet of things (IOT) Right now, in the current world, we already see how much the internet of things has changed our lives in more ways than one. If you have a smartphone or a smart TV, you know what this means. Even with your