It's not an exaggeration to say that from a technological framework perspective within 30 years blockchain technology is going to form the foundation of practically every global sector
bitcoin and the blockchain spaces may be attracting a substantial amount of news media attention. However, most of this attention is rooted in the price of the top three cryptocurrencies– bitcoin, Ethereum, and Ripple, weighing actively towards the former.
This is to be expected, of course, given the price drawing them into the headline. It's not particularly efficient as far as being representative of what blockchain is all about and – specifically – the real long-term global impact this space is going to have.
It's not an exaggeration to say that from a technological framework perspective within 30 years blockchain technology is going to form the foundation of practically every global sector. Just as the Internet changed the way people, companies and now, with the advent of the Internet of Things, objects interact with one another, blockchain will induce the same degree of change, and more.
Of course, when all we see is bitcoin’s price soaring, or crashing, or whatever might have happened that day, we will lose the long-term perspective and miss out on the slow but steady wave of change coming.
People, be it individuals or groups combining to form global corporations, need access to education outlining clear and simple use cases for blockchain technology. In doing so, knowledge helps these individuals recognize precisely how this technology can improve upon the current legacy framework.
In other words, there is no point telling a medical doctor that a distributed ledger technology can underpin micro-transaction-based access to encrypted and unalterable data.
However, tell the same doctor they can access a patient's up-to-date medical records in real time from anywhere in the world and, at the same time, interact with other physicians or insurance providers to facilitate treatment. The whole concept becomes a lot more realistic (and, by proxy, worth taking the time to understand).
Let’s elucidate through another example.
It's been nearly six months since Hurricane Maria devastated Puerto Rico. Unfortunately, there are still more than 400,000 individuals left with no power and, consequently, no reliable access to the Internet.
With no reliable access to the internet, practically every form of regular communication becomes obsolete and, when communication becomes impossible or at least impractical, other kinds of essential services break down.
