World Economic Forum: Distributed Technology to Go Mainstream by 2027

[LiteCoinGuy]

World Economic Forum: Distributed Technology to Go Mainstream by 2027

A survey released by the World Economic Forum (WEF) suggests that “Distributed Financial Technology” will go mainstream in 12 years. This includes distributed technologies such as Bitcoin and cryptocurrency, the Internet of Things, and blockchain technology. This WEF survey comprises of over 800 executives and experts going into great detail about Bitcoin and blockchain technology, lauding their great potential throughout the entire paper.

http://cointelegraph.com/news/115334/world-economic-forum-distributed-technology-to-go-mainstream-by-2027

http://www3.weforum.org/docs/WEF_GAC15_Technological_Tipping_Points_report_2015.pdf



2027 or even earlier  

[dothebeats]

Given that most people nowadays own a smartphone and is pretty much connected to the internet all the time, I don't see this thing not happening sooner. I like it how cryptocurrency might be introduced to the public with the aid of their gadgets and internet. We are slowly getting there.

Also, bitcoin's blockchain technology is getting much love from investors and other entities planning to create their own version of it. I'll also keep an eye out of it and see what developments could these people make.

[DooMAD]

Yeah, I don't see the traditional finance sector being able to stifle their own greed and incompetence for that long.   

Definitely happening sooner rather than later.  It's pretty much just a question of how soon.

[edric]

World Economic Forum: Distributed Technology to Go Mainstream by 2027

A survey released by the World Economic Forum (WEF) suggests that “Distributed Financial Technology” will go mainstream in 12 years. This includes distributed technologies such as Bitcoin and cryptocurrency, the Internet of Things, and blockchain technology. This WEF survey comprises of over 800 executives and experts going into great detail about Bitcoin and blockchain technology, lauding their great potential throughout the entire paper.

http://cointelegraph.com/news/115334/world-economic-forum-distributed-technology-to-go-mainstream-by-2027

http://www3.weforum.org/docs/WEF_GAC15_Technological_Tipping_Points_report_2015.pdf



2027 or even earlier  

Not surprising at all.  Given all of the developments in the last year with major banks exploring use cases for blockchain tech, let alone the implications of a crypto-fiat currency allowing for negative interest rates, I think it's inevitable that we move to a cashless society.  The big question is what happens to bitcoin since it is deflationary and highly finite.

[LiteCoinGuy]

for me it is suprising that this thread has only 95 clicks so far. i guess most people here dont know what the World Economic Forum represents  
maybe i should change the headline to "Bitcoin to be worth over $300,000/coin by 2027 according to World Economic Forum" *g*

https://en.wikipedia.org/wiki/World_Economic_Forum

http://www.coindesk.com/world-economic-forum-governments-blockchain/

[Denker]

That is some really interesting and bullish news. Gave me a light smile this morning.

The WEF believes that innovations such as Bitcoin will impact people around the world, bringing to life the concepts previously only seen in sci-fi movies. The organization says that sharing economies are producing a phenomenon that usually was only available to technology-enabled entities such as corporations and governments. Blockchain technology helps bolster these emerging markets within traditional financial services until eventually it gains “critical mass” acceptance.

Bitcoin and blockchain technology offer a lot of positive attributes to the financial system of today, according to the WEF. By removing barriers to entry, the blockchain not only includes a greater number of people in the global economy, but also a chance to democratize wealth.

That is so great to read.
However 12 years is a bit too long I believe.We can make it in half of that time.

[Denker]

From the coindesk article...

"Currently, the total worth of bitcoin in the blockchain is around $20bn, or about 0.025% of global GDP of around $80tn," the report read.

How can Bitcoin be worth $20 billion and we're hanging around with a market of $3,5 billion? Some economic experts here who can explain that please?

[LiteCoinGuy]

From the coindesk article...

"Currently, the total worth of bitcoin in the blockchain is around $20bn, or about 0.025% of global GDP of around $80tn," the report read.

How can Bitcoin be worth $20 billion and we're hanging around with a market of $3,5 billion? Some economic experts here who can explain that please?

that is a good question.

maybe they add stuff like counterparty assets, colored coins assets etc? i dont know.


....or they know more than we do at the moment