Blockchain is no longer the technology of the elite who are accustomed to using cryptocurrency – its capabilities have spread far beyond just cryptocurrency. The technology is still young, but its possibilities are endless. Despite almost a decade of use and twelve-digit capitalization, it is still not clear whether consumers will begin to use cryptocurrencies in large quantities. Overall, blockchain remains a revolutionary technology, offering new models of trust. But he needs more time to improve. The market also needs time to figure out how to use the new confidence models.
The uniqueness of blockchain technology is that it does not require any operators, banks or depositories. A distributed registry recorded in a chain of blocks (blockchain) is a depository in itself, in which the absolute transparency of transactions and transfers is combined with the anonymity of counterparties. Hackers or special services can hack you and gain access to your crypto wallet, but users of centralized payment systems are not immune from this.
Cryptocurrency remains an incomprehensible exotic. But blockchain technology successfully penetrates other areas of everyday life, and similar psychological barriers will gradually fall.
The MetaHash project is designed to create a single solution that allows you to combine the future Blockchain into a single decentralized network that can record every transaction. The self-regulatory MetaHash network creates the basis for the emergence of a complete branch of the Internet of decentralized applications. Still, it is not so popular and widespread, but Metahash has experienced and important public leaders. Development is very active, in order to appreciate this, just go to the blog on Medium, they regularly post reports on the work done.
As hype grows around the blockchain, so does confidence in innovators in this field. Thousands of projects work to make technology a safe and reliable decentralized system that will change our methods of exchanging and storing assets and information around the world.
Many global brands with billions of users and customers at some point can switch to the blockchain. And of course, for many, this will be a big surprise and a problem, because they even heard about it. True, no one knows when this can happen.
Many large companies are fighting for the right to use blockchain technology. Thus, almost a third of the population will soon be able to access cryptocurrency if Facebook still successfully launches its own cryptocurrency Libra, and this is 2 billion users.
Also, we must not forget that many world brands cover hundreds of organizations, chain stores or enterprises, users or customers of which will be able to use the blockchain in everyday life. So far, this is all just the headings of the articles, but at the same time, many predict a massive expansion of the blockchain audience in a very short time.
Now that access to the blockchain has become easier than ever, there are already several companies that have found real options for using the technology. Blockchain is an ideal platform for launching a social network.
The Dreamer project was one of the first to recognize the influence of the blockchain on the creation and empowerment of communities. The startup has created a unique ecosystem based on a chain of blocks to launch crowdfunding campaigns around the dreams and ideas of individual people.
There are at least a dozen industries, in addition to the financial, in which blockchain can be used. In particular, in jurisprudence, technology will make it possible to draw up contracts and save time on human resources. First of all, this tool will be widely used in areas where its main qualities are needed – to streamline, simplify, protect data and business processes. Some services are already operating that provide effective management within the company. Thanks to the principle of decentralization, the blockchain can provide a procedure for copyright confirmation and all kinds of verification and identification.