Just like the advent of the internet and its eventual adoption revolutionized every known sector of the human society, the blockchain technology, experts believe, will be more disruptive than the internet ever was.
If these assumptions are correct, then it follows that most things that are done on the internet today will have to migrate to the blockchain to stay relevant.
And it may interest the reader to know that for about two decades following its mass adoption, the internet according to cnet.com is now worth over $19 trillion. The blockchain of everything should be worth two or three times this figure in the next decade.
Therefore, it is not surprising that the present Forbe list of top 100 world's billionaire has not less than three Internet merchants in the top ten category. This tells us how successful and prosperous the internet of things has become.
Unfortunately, the internet did not profit the masses economically because it is largely centralized. Instead, a few people, whom I will call the Internet merchants, are the biggest beneficiaries. They exploit the centralization of the internet alongside other vulnerabilities to amass wealth for themselves. They built empires by making products out of people.
Little wonder why the owners of Amazon, Google, Facebook, Microsoft, etc are not only some of the richest people in the world but also some of the most influential. They have the whole world in their palms.
A TEDX talk about the potential of the blockchain technology
Anyway, the internet has reached its apogee. The era of decentralization, powered by the blockchain, is now upon us. In short, we are at the threshold of seeing the blockchain of everything and the redefinition of money.
Overshadowed by the fear of being left behind and perceiving that the future is bleak for centralization, tech giants such as Facebook, Amazon, Microsoft, IBM, Oracle, etc are starting to desperately pursue blockchain projects, although I doubt if their inherent greed will make them successful in their quest.
Although now in its last days, the internet performed magic by turning two Harvard drop outs, Bill Gates and Mark Zukerberg, into renowned billionaires. This couldn't have happened if their businesses were not internet driven.
Well, the blockchain should be expected to do much more for the early adopters and for those who are able to leverage on the possibilities and opportunities which the blockchain presents.
Already, we're beginning to see a couple of fantastic blockchain projects on the Steem blockchain. A lot is also happening on EOS, Tron, and even Ethereum.
Decentralized applications are springing up by the day in their numbers and many businesses are coming to life.
These entrepreneurial efforts are being overlooked but they make the next decade quite promising for the blockchain technology. If the tempo of progress we're presently seeing with blockchain is sustained or heightened, it is expected that some blockchain investors and developers will make the top 100 world's billionaire list by 2029, whiich is just a decade away.
Imagine what will happen when we have over 10 million active users interacting with the Steem blockchain on daily basis. Imagine what will happen when Bitcoin has reached its maximum supply. Imagine what will happen when mobile phones are running on OS built on the blockchain. The possibilities and opportunities before us are boundless.
Can the blockchain produce some of the top 100 richest people in the world by 2029? Only time will tell.
Until I come your way again, I wish you a full Steem ahead.