What impact could the blockchain have in our economy once it becomes mainstream?

[Abiky]

Bitcoin has changed the ways business, banks, and even governments think by slowly adopting it each day. It has been the most exciting technology besides the internet.

In addition to this, a lot of interest has grown into Blockchain technology over the past few years leaving corporate giants such as Microsoft to make partnership with Ethereum in order to deploy smart contracts.

Now, once Bitcoin and blockchain becomes mainstream what impact do you think it will have in our economy? Will it help solve global financial crisis? Or will it even make our lives better as governments all around the world use this technology?

I would like to know your opinion about this. 

[Ayers]

it will encourage newbie to buy more bitcoin, because if bank will strat to use blockchain, more peple will know about it, and see it as  trusted thing, so they will also be interested in crypto world, especially bitcoin, it will be a good propaganda for bitcoin

[Abiky]

it will encourage newbie to buy more bitcoin, because if bank will strat to use blockchain, more peple will know about it, and see it as  trusted thing, so they will also be interested in crypto world, especially bitcoin, it will be a good propaganda for bitcoin

Yeah. I think that once the blockchain becomes mainstream it will help a lot in Bitcoin and also increase its awareness all round the world making more people to know about cryptocurrencies and blockchain, of course.

There have been several banks that have joined the R3 CEV group. It is another step towards blockchain adoption. Now I only wonder, how could I invest into R3 CEV? If they only had an asset on the blockchain, then I would invest my BTC into it for sure. 

[serjent05]

All people need to subscribe for an internet, Telcom Industry will boom this way, since everyone needs an internet to make a transaction with bitcoin or connect to its network.  Just for example in my country, there are few places where interenet is free and the worst of it is that your connection will drop after 30 to an hour depends on the host.  And internet provider in my country charges too high. So in a scenario where blockchain become mainstream, the TelCom company will profit the most.

[Abiky]

All people need to subscribe for an internet, Telcom Industry will boom this way, since everyone needs an internet to make a transaction with bitcoin or connect to its network.  Just for example in my country, there are few places where interenet is free and the worst of it is that your connection will drop after 30 to an hour depends on the host.  And internet provider in my country charges too high. So in a scenario where blockchain become mainstream, the TelCom company will profit the most.

Yeah. That would be the main focus as the internet will become more a necessity towards communication, entertainment, and now transacting over it. Basically, the internet would be used practically for anything and it will grow even more once it transitions to the blockchain ecosystem. Just wait and see when Maidsafe gets the official stable release and we'll be one step closer towards decentralizing the internet and making it even more useful for people around the world.

The blockchain will change everything in our daily lives from transacting, to smart contracts, to decentralized internet, and more. I think that these 7 years since Bitcoin and blockchain's inception are just the beginning. Give it a few more years and it will boom! Just my opinion.