This editorial blog post will neither explain what blockchain is nor what its use cases are, but here is a blog post that will help you with that “BLOCKCHAIN TECHNOLOGY AND IT´S USES”.
Irecently saw a video about belief-spread in relation to the world of digital transformation, with a psychologist, Mirta Galesic, a Professor and Cowan chair in human social dynamics at Santa Fe Institute. It intrigued me so much it inspired me to write this post, which is about the potential of blockchains and how a global-social-integration will influence the platform.
The blockchain technology could have a positive impact globally, it has enough power to transform the world, but the question is: are WE willing to use it to do so?
We get to choose how it will affect the world, it has even been suggested by Rik Willard, founder and managing director at Agentic Group in New York, that the blockchain has the potential to end poverty. Wow.
With that said, this technology requires a psychological readiness from every human being (and I will try to make sense of that throughout the post). Because it will affect and influence every traditional homogeneous culture contained within each nation, tribe, city, groups, most of which are unwilling to breakthrough their echo chambers of traditionalism. Most likely, because breaking through these barriers entitles us to have to face, interact and respect other beliefs.
If you comprehend the blockchain´s proposal, then you know it has the potential to lead the world into one administration, dominating the global economy and every single aspect of our everyday living.
Now, how do we connect all of these cultures, mindsets, and beliefs without a collision? Are we ready for this degree of social-integration?
I´m not even sure we have any idea what it will even be like, but let’s pretend we do.
Blockchains will change how people interact, spend, send and receive money, where and how they acquire their education, jobs, living arrangements, directly affecting the real-estate sectors, retail, how and what people eat, it will affect every single transfer of value because blockchain is nothing more, nothing less than an open gate to the world.
No VISA needed. All members of one world.
And whether we are ready or not, the expansion of this technology will not slow down because of our lack of abilities to diligently deal with it, whichever it may be if technological or even psychological.
The blockchain technology is an immutable and globally distributed list of records in an open-source; it records and secures every single transaction by using cryptography.
“Blockchain are military grade cryptography and they have never been cracked. When you hear about hackers stealing bitcoins they are not stealing from blockchain itself, they are stealing at the point of entry, at the wallet or browser levels where they intercept messages, but the blockchain itself are very secure.” — Rik Willard, Founder and Managing Director at Agentic Group in New York.
It offers trustworthy digital signatures, which will soon replace written signatures. You could transfer values anywhere in the world in seconds.
My mind feels like it just got hit by a nuclear bomb.
Blockchains destroy everything we thought we knew how and does it better.
Satoshi Nakamoto introduced this platform to the world when he also introduced Bitcoin, which leads most people to relate blockchain to cryptocurrency, but the blockchain system is an entirely separate project altogether.
Even though blockchain was initially created to solve cryptocurrency issues, to legitimize coins, and to give them a platform to transact upon that would confirm transactions and guarantee the uniqueness of each coin, it now has become the solution against any level of corruption, capable of legitimizing any entity. Blockchain became a synonym of transparency per se.
Just as the Internet changed the world connecting people all around the globe in ways we had not seen previously, and the Emails have changed centuries of generations of written mail, so will be with the blockchain effect. If we learn the full concept and potential of the technology, then the richness of this world can indeed be spread and used to end poverty, increase education, and bring healthcare to unreachable places at the moment.
Soon people will be able to carry their entire lives on their smartphones without the bureaucracy we have lived and survived for centuries.
We are looking at a much more independent and secure world. And the entities we once thought of as needed to keep us “safe” turned out to be controlling and manipulative. Now we face a new era with inevitable changes.
Why is it inevitable?
How it is that people say it with a certainty that it will be a part of the future?
What makes it unstoppable?
The question that would answer all those questions is: IS THERE A REAL USE CASE FOR BLOCKCHAIN?
Whenever there is a need or a lack people will seek solutions.
If blockchain is solving issues, if cryptocurrency is solving problems and generating income and if they have real-life usage, guess what? People will make use of it!
Blockchain and Cryptocurrency are solving issues, opening doors, creating opportunities, so expecting people to just stop using these technologies is unrealistic.
Even though there are many issues to be solved about and around the technology, like anonymity issues, and the security of wallets and exchanges, it should still be clear that our lives will become dependent on blockchain platforms.
People should get involved, get to know the projects and find out how to adapt.
Is blockchain threatening?
Blockchain seems to threaten people yes, people who can’t seem to understand the concept, people who are faithful to traditionalism, people in positions that will be affected by the tech, but fear creates a blockage.
“Fear reduces the conversation.” — Nichol Bradford, executive director at Transformative Technology Lab, CEO and Founder of Willow Group — Silicone Valley US.
When we discriminate, disrespect or choose to close ourselves and live in our homogeneous bubble, we end up neglecting projects like the blockchain. We must learn to break through our barriers.
The barriers called: fear. Fear of being contradicted.
In our days we are so afraid of in-person discussions and confrontations, and this is due to our lives online, where people feel so free to say and be whatever they want. No one has a face; they all say and do whatever they feel like. On the internet is where people are most influenced in our days, towards the wrong things simply because we all follow a crowd, influential things that spread like a plague in seconds.
As someone once asked, “What are the costs of believing the wrong thing?”
Sticking to what we believe to know as truth, without exposing ourselves to other realities only creates limitations.
You see, we are influential people, and we influence people around us, so whether directly or indirectly, our fears can add-up and result in a stagnated community.
If blockchain is, in fact, a global connection, then we will all be influencing each other more than ever, and so, we can conclude that the technology depends on our exposure to each other’s beliefs and realities to reach its full potential.
Because in case we do not, we might reject all the possibilities that could be, simply because we do not understand each other.
“We as a society we must learn how to promote diversity of ideas.” — Mirta Galesic
According to professor Galesic, social tolerance and exposure to people who disagree with us is a prerequisite to the development of technologies like the blockchain, in order for it to reach its full capability.
She also says that as of today, data doesn’t look very promising and that society has lost its ability to tolerate diversity.
“We must learn new ways to interact, argue and discuss instead of closing ourselves.” — said the professor.
Humanity and social-relations-survival depend on us learning to tolerate, adapt and be willing to spread beliefs.
We are still at the stage where we need to get people to trust the technology, just like it happened with the internet, emails, windows… and eventually, everyone started using it without questions.
Why? Because they worked, they had a real use; they solved problems, and they still do.
“Some people are completely closed in a point of view they don’t even believe scientific facts.” — Professor Galesic said.
The groups of people we have actively participating in the technology as of today are people who are open to the new, a large portion being millennials, organically ready to accept new beliefs.
The blockchain technology is the future.
Our task, as the generation right in between the two worlds, is mostly to prepare the generations to come, allowing them to flourish and follow their course without imposing to them our limitations. Accept they are ahead of us.
We can help them to live in harmony with a future that will look nothing like it does today, by influencing and helping them to reintroduce into their generation values of tolerance and in-person social interaction, which the millennials seem to have lost.
The technology is inclusive and so must we be.
Are you ready?
Here is the documentary that inspired me to write the post: “Documentary Project about the Digital Future”