Blockchain tech is going to be more powerful than the internet itself - more powerful than the current controller of peoples lives that is FIAT currencies and more powerful than governments. Its going to create an environment of TRUST between people/companies/countries. This next statement is brave, but more importantly, its huge... BLOCKCHAIN TECH IS GOING TO MAKE THE WORLD A BETTTER PLACE! Bullshit? Let me explain why I believe this..
Imagine a world where you will be able to identify a individuals/companies character, purely by their TRUST rating on a network on your phone. Picture this possible scenario (1) - I have an electrical issue at my home and I need to hire an electrical contractor to effect the repair. I open an APP on my phone which gives people a trust rating and I select the contractor with the best rating through my network. How this can happen is simple. Lets say I have an immediate circle of 10 friends. These I all give a rating to how much I trust that person - ie I rate person X at $1000 and person Y at $3000 and so on. They do the same with their close network, which does the same etc etc. Soon we will all be linked around the globe via a user friendly app based on the blockchain. So, I see that there are 2 available electrical contractors in my area. One has a perfect track record with a high trust rating value. The second contractors rating is lower, maybe because he did a bad job and burnt someone in the network. It will be a simple decision which contractor to hire wont it?
Look at the immigration crisis that is prevailing around the globe - Scenario (2). Blockchain tech can help solve this. How you ask? Well, immigrants and people in general are all painted with the same brush, 'oh you come from that country so this must be the kind of person you are'. Bullshit! Lets say there are 1000 people from country A and they want to emigrate to country B. 1 of those 1000 could be a criminal/potential threat to country B, so all 1000 get blocked from obtaining entry to that country. If they were all registered on blockchain coin with a clearly identified TRUST rating, then those who are most deserved will get the opportunity to emigrate. This is natural selection isnt it? So when a country blocks all those 1000 people, they are potentially losing on 5/6 truly amazing individuals who can help improve their country for the better. Those people need the opportunity to make the world a better place. I am not going to get into the immigration debate though, I am just using this an an example.
Imagine this scenario (3) - Civic (CVC) is identity verification based on a blockchain. A game changer. It will incorporate things like your basic info which is verified an recorded on a public ledger. Cannot be hacked/modified/stolen. Only the user can modify it. Imagine it having your medical history, dental records, qualification certificates etc. Lets say you get into a car accident and are rushed to hospital - comatose. You may be lethally allergic to penicillin for example but cant speak. As you enter into the hospital they pull up your civic ID. The doctor wishes to administer you a penicillin based antibiotic but is blocked because the medical history on civic prevents the doctor from drawing out that medicine. Can you imagine the lives that could be saved!
Lets take this to the extreme a bit - scenario (3). A simple daily task, which is going to the shops to buy groceries. At the door, there is a camera which picks up your ID. You are a criminal on the run and a wanted person. An alarm goes off and you get arrested. A criminal wont even be able to buy groceries!! Ok fine - then because you dont want to be identified you chose to remove your information from the blockchain, or you choose to not disclose your information to begin with. Who is going to deal with you?
You see, I have a problem in that a lot of the wealthiest people I know have obtained their wealth through nefarious/dodgy means in the past. This is particularly true in 3rd world countries, and certainly in Zimbabwe. Gun runners, drug smugglers, blood diamond dealers, GOVT OFFICIALS! Need i say more? They are the wealthy ones today and they are supposed to be the mentors to the next generation. This will all come to an end with the blockchain network. Your wealth in the future will be determined by how you deal with people, how hard you work, how honest you are.. and MOST IMPORTANTLY BY HOW MUCH TRUST YOU HAVE FROM OTHERS! The world will become a better place and you better believe it. Thats exciting and I am looking forward to how this is going to develop in the next few years. Imagine how easy it will be to vote for a president or a company CEO or a class president or just about anything for that matter. Just imagine..