Blockchain’s disruptive technology
Blockchain’s disruptive technology could be in its infancy and has yet to be fully explored. Blockchain’s disruptive technology facilitated cryptocurrencies, a digital version of notes and coins completely autonomous and outside the traditional banking system.
Blockchain’s disruptive technology converts something digital (codes) into an online global asset, with a unique traceable identity that can be owned, stored, traded and exchanged for goods and services.
Cryptocurrencies with Blockchain enabled technology gave rise to the world’s first global digital currency
It’s value was based on a computer algorithm rather than “trust” in a central bank. Blockchain’s disruptive technology was the greatest threat to the debt monetary system. So the neo Financial Feudal Lords most likely decided to trash cryptocurrencies in the paper derivatives market (where the price of everything is rigged). Think about it. If the central bank lost control of the money supply then how would they artificially inflate the price of everything and create debt serfs?
Do you think it is a coincidence that global debt rose to $237 trillion in 2017, highest level on record and that millennials are living like Bolshevik peasants in “micro-apartments” weighed down with massive student debt?
So blockchain’s disruptive technology will not be permitted to break the central bank’s debt money system. However, I believe that cryptocurrencies within the control of central banks will be used to push for a cashless global currency. But cryptocurrencies outside the control of the central bank will be engineered to fail.
Blockchain’s disruptive technology will be more evident where the technology is used as a tool. It will give industries a “techno-driven facelift” by being able to increase productivity, transparency and improve efficiency through time-saving and reduce paper waste.
The crux of Blockchain’s disruptive technology is that it lacks a central hub
Blockchain is not a single system, but a baseline technology which can be configured in various ways to suit different functions and business models. The blockchain is an ideal technology which facilitates the exchange and validation of information.
The transparency of a distributed ledger combined with the cryptographic security makes data sharing in a secure environment possible.
Blockchain’s disruptive technology is already having an impact in streamlining supply chains and cutting out the middleman
In the healthcare sector blockchain advances facilitate synchronized records and smart care devices on the network. Moreover, by reducing intermediaries in agriculture, third world and small-scale farmers have an opportunity to join the supply chain. Automotive companies can widen their operations and take advantage of economies of scale, by using blockchain to streamline the supply chain.
Blockchain’s disruptive technology is likely to have an increasing impact on the insurance sector. Self-executing smart contracts and distributed databases will increase efficiency, reduce costs and the risk of fraud.
The sheer scope where blockchain’s disruptive technology can be deployed is still being explored. So it is no surprise that blockchain and crypto-related firms have raised almost $3.9 billion in venture capital so far this year, a 280% rise compared to last year.