Blockchain Won’t Matter in 5–10 Years

in #blockchain6 years ago

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Purchasing a smartphone without internet capabilities. Launching a new business without a website. Buying a house without electricity. These choices don’t make sense, correct? We take innovations like electricity and internet access for granted. The same will hold true for blockchain technology in 5–10 years.

Decentralization Will Become the Norm

While blockchain technology is currently a trendy topic among everyone from angel investors and venture capitalists to marketers and cryptocurrency enthusiasts, it won’t be long before blockchain technology and distributed data are the norm. Within the next decade, the question won’t be ‘is it blockchain enabled?’ but will instead be ‘why isn’t it blockchain enabled?’. Consumers and companies will come to expect businesses to be blockchain enabled, just as today they expect companies to have an internet-accessible website or have electricity in their place of business.

Forget Mobile-First; Blockchain-First is Coming

As blockchain technology distributes and democratizes the flow of business and P2P (person-to-person) interactions, societies will come to expect the free-flowing exchange of information. No longer will it be acceptable for data to be untraceable or unverifiable. Consumers and businesses will come to question interactions that aren’t blockchain enabled with data that is traceable and open for review. Smart contracts will become the norm, not some technological wizardry adopted by cryptocurrency enthusiasts and tech geeks. When information is publicly recorded and open for investigation, society will expect such openness across multiple aspects of their daily lives. From large corporations to nonprofits and startups, being blockchain-first will be a standard operating procedure.

Peering Behind the Curtain of Our Blockchain-Enabled Future

Lest you think blockchain technology will only be used for data tracking, understand that distributed data and smart contracts will be applied to everything from how freelancers connect with clients to how transportation and logistics firms process inventory and ship cargo. Serve understands the promise and potential of blockchain-enabled logistics. We’re hard at work developing a platform that can be used by everyone from gig-economy workers to major logistics companies. While our initial use cases focus on transportation opportunities like last-mile logistics, rideshare transportation, and e-commerce deliveries, our road-map includes logistics opportunities within industries like home improvement service providers and even event providers. We are going all-in on blockchain technology because we know it will become the norm, not some hot trend that will soon become passé.

Mainstream Adoption Here We Come

Blockchain technology may currently be a trending topic with the tech media and investors looking for their next unicorn investment, but soon it will be as commonplace as touch-screen smartphones and internet-accessible businesses. Blockchain will no longer be a buzzword, but instead, a standard operating procedure used globally. Those embracing blockchain technology early will spot opportunities before others and have the greatest chance of capitalizing on this soon-to-be-mainstream modus operandi.

If you’re intrigued by a blockchain-enabled future, we invite you to connect with Serve online. We would also be happy to share our vision and talk with you on our Telegram group.

The future will be blockchain enabled and it will happen sooner than many expect.

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