I have written, researched and educated myself on the subject of blockchain. But, the word still rings the same bells in my head that it used to an age ago. It has been around for longer than i have lived, but still the popularity and mass use has only surfaced in the past 9 years or so. Today it promises all that humanity has always dreamed of.
Some of its magic is only heard and talked about, understanding it is beyond us. But, the word blockchain is still a simple and basic one. It has several connotations, it means something different to every user, thinker and tech nerd. The idea is at best a analogous to the internet. And at worse a false promise of tech. Here are thirteen things that come to my mind, when somebody says ‘blockchain’.
1. The world will change
No, we are not kidding. The foremost thought is that the world will be disrupted and it will not look like the world of today that is also be known as the world of deceit and hunger. It will eradicate so many world problems. That will look like a different world altogether.
2. People will not remember a world before blockchain, just like the internet
Yes, we occasionally hear a thing or two from grandparents, parents, analysts, lecturers or YouTubers, but, no. People still do not remember what the world was like before the internet came. The proliferation was just so speedy that everybody moved to it. Those who still do not have access are perhaps still stuck in that era. But, for those who have adapted, this is the life and there is no better.
3. The change will be pivotal for international politics and world order
It will transcend from saturated developed countries to poorer economies bridging all gaps, making countries independent and more responsible in answering to their citizens, promoting new democratic principles and a world governed by them and not superpowers.
4. Leapfrogging will lead to equality
Already the gap between economies is being bridged, blockchain can take this to a whole new level. Perhaps, by making them all equals to one another.
5. Better resource allocation and elimination of lies?
Well, you do not believe this? Honey, check this out.
6. No need for classrooms and specialized knowledges?
Learn from specialized knowledge packs and content specific items, no need to go through schools and various systems of imposed education that is nothing but, propaganda and a tool for ideological repression.
7. Everybody will be employed
Be your own boss. Build you own business. Consumerism will be on the low. People might even be self subsisting but on a better than ever scale.
8. Outdation of current global dominating corps
Maybe we will not need Facebook and Google after all. These information powerhouses are owned by a few after all. Where is the fun in it.
9. No legal loopholes? No crime?
No counterfeiting, No raping, No Frauds, if and when the discipline around blockchain improves. Great hopes bruv. Great hopes.
10. Or, a crime of a new kind
Or, yes, things could be different and bad on a whole new scale. What if they get bad before they get better? New kinds of theft, new kinds of rape and new kinds of tax evasion. Who knows yet.
11. No money is safe, all money is electronic
What if everybody moves to cryptos, nobody uses fiat currency. And then, it all falls to ashes. F*ck right!
12. The future of the future is blank
What is next after the blockchain tech? I do not know. Do you? All i see is an empty canvas. What about you?
13. Automation resulted in alienation, blockchain will lead to individual universes?
If everybody is creating overly specialized products and services, if each organisation employees 5-6 people, then the whole universe will account for organisations as much as 1/5 of the world population. Interestingly, this could mean that our lives would be so busy that nobody might meet the remaining world beyond their own miniature universe. Every individual will have an oversimplified personal economy of their own to manage and govern with barely any human interaction that could be obtained from their work lives.