Have you ever wondered what our world will look like after the demise of COVID-19? As we enter an era where the mainstream economy becomes "digitized", Blockchain technology will be at the forefront of innovation. From keeping track of the supply chain, to proving ownership, Blockchain will be finally integrated in our daily lives. Already, we're seeing a boom in demand for decentralized cryptocurrencies. Banks have announced they'll launch CBDCs of their own, enabling a truly cashless society in the not-so-distant future.
On the other hand, more companies are beginning to offer remote jobs as a means to prevent mass infections of COVID-19. Doctors are even recurring to "telemedicine" at a fast pace. With how quickly the world is evolving, it seems to me that we're heading into a digital era never before experienced in our lives.
What impact will Blockchain technology have after the demise of COVID-19? Will everything be automated without middleman? Will people resort to physical cash once more or adapt to the new monetary system powered by CBDCs? Or is it still too early to tell? With how successful crypto and Blockchain technology have been since their inception, it's likely our world will adopt Blockchain technology to the fullest.
Thoughts?
It looks like, before talking about blockchain technology and its mainstream use, one need to first address the area of mass adoption, that is, how many people even knows what blockchain is all about, how many people can access cryptocurrencies easily and so on. During the pandemic, it was evident blockchain and cryptocurrencies are needed in order to reduce the spread of Covid-19 and all that, but the challenges that kept coming up was that, not many stores or platforms accept cryptocurrencies as a means of payment, hence the depending upon fiat over and over again.
However, I believe that with constant development, at least many platforms are coming onboard, that crypto will be adopted and with that, more people will be educated, crypto will be easily accessible, therefore people will use crypto for payment of services since there will be more stores or platforms that will accept them.