Although Bitcoin, with its upward trend, attracts attention, the most disruptive thing in the crypto universe is blockchain technology, which has multiple uses.
The possibilities of uses of blockchain technology are very broad. Even during a few years when Bitcoin was in a clear bear market, the narrative around cryptocurrency disruption shifted to blockchain.
At that time, companies and governments also began to look favorably on the possibility of incorporating this technology into their administrative and productive processes.
From cryptocurrencies and smart contracts to video games, and from distributed medical records to supply chains.
To notice the current uses of the blockchain, it is enough to review those systems that today work with this technology.
Classic cryptocurrencies, so to speak, are examples of using blockchain for the exchange of value.
Then we have Ethereum, which was the first blockchain to incorporate a distributed computer running on top of a blockchain.
From there, a multitude of unfathomable uses emerged, from the creation of smart contracts, from video games with the possibility of incorporating digital collectible items, to governance systems such as MakerDAO.
There are also projects such as Democracy.earth, whose founder is Argentine, which investigates the possibility of using this technology in electoral processes.
Many companies, such as supermarket Walmart, incorporated blockchain into their fresh food and supply chain to improve traceability and interoperability with their suppliers’ systems.
Even the Official Gazette of the Argentine Republic uses a blockchain system to verify its authenticity.
And these are just some of the possibilities that the use of blockchain technology allows.
Possible future uses
To optimize resources, save on expenses, increase transparency, connect the world or create sovereign currencies: blockchain is the present and the future.
Although several companies and governments already use blockchain in their processes, for now only the positive side it has is considered, in terms of resource optimization and cost savings. Which is not minor at all.
However, blockchain’s most important disruptive potential lies in the utilization of public blockchains.
Imaginemos la posibilidad de conectar todos los aparatos del mundo a internet y luego a una cadena de bloques.
O bien que se convierta en el sistema que reemplace al SWIFT, de transacciones internacionales.
O que los Estados empiecen a usar este método para sus monedas soberanas, abandonando el sistema monetario de papel.
Las posibilidades son infinitas y el futuro es todo esperanza. Y tiene forma de bloque.
The blockchain world is developing, and new applications for this technology appear every day.
Let’s imagine the possibility of connecting all the devices in the world to the internet and then to a blockchain.
Or that it becomes the system that replaces SWIFT for international transactions.
Or that States begin to use this method for their sovereign currencies, abandoning the paper monetary system.
The possibilities are endless and the future is all hope. And it is block-shaped.
