Why Cryptocurrencies are neccesary in today's world?
What is the real world use of these cryptocurrencies?
Why traditional assets and currencies are not enough?
What is the benefit of having bitcoin over dollar or any other currency?
Where do we use these Cryptocurrencies in today's world?
Let me not answer your questions on the items, but offer a concept of peace with the use of blockchain technologies.
1. Some things that people necessarily tokenize in the future are: personal investment accounts; salaries; property rights to real estate, assets, or companies; personal data (which you create every day on an Apple Watch or Fitbit).
2. Just imagine future applications of enterprise level, working on the blockchain and administering thousands of tokens for processing, storing and maintaining the security of information.
3. Blockchain security is also a great solution for the Internet of things, it will make it virtually impossible to hack into this ecosystem.
4. Also, don't forget about the video game industry – incredible computing power will be used on supercomputers at the other end of the Earth, when you play on your computer.
5. Decentralized social networks: unlike their centralized competitors, such networks will not be controlled by a Central authority (which collects and sells your personal information), and content creators will be rewarded for their work.
6. States will also be interested in blockchain technologies and can integrate them into their activities: storage of classified information, identification of citizens, management of social protection, smart contracts, elections and even urban/public administration…
7. This can happen even earlier than you expect! In the future (not in 2018), a "decentralized big Brother" may appear – a city operating system that will cut costs and improve efficiency in all areas.
8. Combine blockchain and Artificial Intelligence – and you'll be able to manage transport services with fully Autonomous electric vehicles; build streets and buildings, saving energy; use smart contracts to respond to emergencies, provide utilities, monitor crime and more.
9. If the common system is centralized, it will necessarily be hacked, and then our life will turn into chaos.
10. Finally, I see the huge potential of blockchain for investing in real assets, the reason is simple: the cost and cost of investing in real estate will be sharply reduced after the elimination of intermediaries. It will also allow people to buy real estate without geographical restrictions. No need to wait for registration or open a Bank account. All transactions will be processed through smart contracts. The barriers to entry into this market will decrease.
11. Thus, there are at least three real possibilities of blockchain application in real estate: real estate funds, digital assets secured by real estate and tokenized property rights. Would you buy a house with a decentralized platform? I would buy!
