Sat. Apr 20th, 2019

“Blockchain could be as Revolutionary as the Smartphones”

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Humans of Blockchain 


Blockchain is an upcoming core technology which has the capability to change how the world works for people who know and understand this new technology, however that may not be the case for most people as they see Blockchain as a get-rich-quick scheme instead of a technology.

You’ve probably heard the blockchain is a technology that is going to change the world — it is the backbone of Bitcoin, the now infamous cryptocurrency. You might even have heard someone trying to explain blockchain by describing it as a “trusted distributed ledger.”

Most people stop understanding at this point – or even stop trying to. This Blockchain era feels like the 1999 dot-com bubble. Still Fortune 500 companies have invested billions on this new technology. Jamie Dimon, JPMorgan Chase’s chief executive, has dismissed Bitcoin, but says “the blockchain is real.”

Silicon Valley venture capitalists have already sunk more than $1.3 billion into blockchain technology just this year. And in June, Andreessen Horowitz, one of the most prominent technology firms founded, in part, by Marc Andreessen — who is credited with inventing the modern Web browser — announced a $300 million “crypto” fund to exclusively invest in blockchain technologies.

“For those of us who have been involved in software for a long time, it feels like the early days of the internet, web 2.0, or smartphones all over again,” Andreessen and his colleagues said when introducing the fund.

People love to talk about how crypto and blockchain is a bubble, like it usually is in the early days for any technology. This is similar to 1999 when the Internet was at its highest point went down afterwards but it was the first step to a huge rise.

Think about blockchain like this: There will be huge failures and misspent money — and yes, scams (the US Securities and Exchange Commission can hardly keep up), but a decade from now, when you look back at 2018, it’s more likely than not that blockchain will be embedded in our day-to-day lives in ways that, today, we can’t even imagine.


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