How Soon Blockchain Technology Will Change Currency As We Know It
Source: https://cointelegraph.com/news/how-soon-blockchain-technology-will-change-currency-as-we-know-it
I like the fact that blockchain is getting more and more involvement in all the industries, I think it will benefit us all in the future being it a public or private blockchain, blockchain is here to stay.
Beyond finance
Blockchains can be used for anything and everything. They have the capability to endow everyone with the ability to participate in a global economy. The distributed ledger could cut costs of transactions and completely cut out middlemen in commercial and economic enterprises. By the same token, however, there are colossal complexities concomitant with cryptocurrencies. If they continue to grow in popularity, how will governments decide to regulate them? What flaws in the Blockchain platform will emerge - and how will we address them? The answers, as of right now, are uncertain.
Blockchains are already changing how we view our cash by eliminating middlemen and third-party institutions, creating a much simpler and more stable solution to global finance. What role Blockchain will play in the future is unclear, but it has already left an indelible mark.
As it says above blockchain is such a broad piece of technology and we are still at the very beggining with blockchain we in the baby years of it like a toddler and still learning about it everyday what is it potential. It's really going to be an interesting tech to follow for the next years ahead.