Bitcoin & Blockchain Adoption Will Be a Lot Faster Than The Internet Boom of 90’shttps://blockpublisher.com/bitcoin-blockchain-adoption-will-be-a-lot-faster-than-the-internet-boom-of-90s/-Jack Lu, founder of Wanchain, certainly thinks so:
“We are at a similar stage as the internet boom back in the early 2000s. Right now the whole industry is trying to build real world applications with increased funding. I think a life changing disruption would be a lot faster than it was back in the internet world. The reason is blockchain deals with two type of things: data and assets, which is also a form of data. Since these things are already digitized or about to be digitized, blockchain will gain traction a lot faster.”
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“Majority of financial assets are already digitized as they are in some form of data, like in banks. Putting them on blockchain and building applications such as smart contracts and decentralized applications will be a lot faster this time around than the old days of internet that revolutionized pretty much every industry.”
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-Maxine Ryan, co-founder of world’s first cash-in, cash-out blockchain remittance platform Bitspark, pinpointed how the data storing capability of blockchain technology can be utilized. She said:
“I think that there is definitely space for blockchain to be adopted in areas where the technology itself can be treated essentially like a database, and in every single infrastructure built in many different verticals, a database is needed.”
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“I think it’s unfortunate that when the market is hyped, it attracts bad actors. At such a time, the market can make irrational decisions. I believe that investors should have sufficient knowledge of the field and understand how to do due diligence before they invest.”
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“I always take internet as a history book. Initially, people termed internet a scam back when it came out. In the second stage, some use cases were proven that revolutionized everything and in the third stage, the internet was everywhere. Same will happen with blockchain technology. It will be incorporated in pretty much every computer, mobile phone and pretty much into everything that has digital data. People wouldn’t even think that there is blockchain technology working inside every device, just like people don’t think about the technology behind internet.”
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