"Crypto are not just currencies to pay and trade and certainly no longer just scam"
In this article, I would like to give you a little insight into the potential of crypto and blockchain for the real world. I want to show you that we are still at the very beginning of innovation.
In my opinion, 99% of people don't know that crypto is more than just Bitcoin $BTC. I am extra convinced that blockchain projects still have a huge potential because nobody really understands what blockchain can change in the world.
I've done an incredible amount of research on it. At the moment, it's all about the infrastructure on which more and more applications can be built for millions and billions of people in the future. That's why I can't recommend more than $BTC and $ETH as an asset as a long-term investment at the moment.
Applications in the future of blockchain:
Finance:Finance will remain the biggest area. But honestly, if a technology is going to distributively improve finance, which hasn't changed in 50 years, that's no small thing.
Blockchain technology is revolutionizing the financial world by introducing decentralized, transparent and secure systems that make traditional intermediaries (huge banks etc. that only we in Western countries can halfway trust) obsolete. This innovation not only promotes more efficient and cost-effective processing of transactions, but also opens up new avenues for financial inclusion worldwide.
2. Tokenization of assets:
Tokenization of assets has some of the greatest potential. Even the most powerful man in the world and CEO of Blackrock (8 trillion euros in assets) Larry Fink has often emphasized this.
Tokenization is fundamentally a digital representation of value. Blockchain and smart contracts allow anything with value and a potential market (at least two parties), whether digital or real, to be traded and managed securely, transparently and without the need for a central authority. These technologies are revolutionizing the exchange of assets and information by setting a new standard for trust and interoperability in an increasingly interconnected world.
Not only real-world assets such as real estate, stocks or art can be tokenized, but anything that has value. Yes, I can imagine that in 10 years all companies will issue something like a share as a token, but probably so user-friendly that investors won't even know which blockchain it runs on.
Even our data has value. We have given away our data (privacy) for a few cheap features on Instagram or Facebook. With blockchain, your data can really belong to you and you decide to whom and for what compensation you give it away. Keywords are decentralized data storage and decentralized social media platforms. Even our health (sporting activity) has a certain value for governments and health insurance companies.
Other areas and applications in brief:
3.business services
- Transparent supply chain management systems
- Automation of business processes using smart contracts
- Product tracking and proof of authenticity
- Management of intellectual property and copyrights
- Formation and operation of decentralized autonomous organizations (DAOs)
4.healthcare
- Secure storage and exchange of patient data
- Traceability of medicines and medical devices
- Improved data exchange between healthcare facilities
- Management of research data and support for clinical trials
5.identity management
- Creation of digital identities and e-passports
- Implementation of KYC and AML processes
- Increasing data protection and data security
6.government and public sector
- Development of e-government solutions and digital citizen services
- Use in elections and voting systems
- Management of public registers and documents
- Efficient subsidy management
7.Agriculture
- Digitization of land titles and administration
- Traceability in sustainable agriculture
8.energy and environment sector
- Trade in renewable energies and emission rights
- Monitoring energy consumption
- Development of decentralized energy distribution systems
9.education and research
- Securing and verifying academic qualifications
- Transparent research data management
- Development of decentralized education platforms
10.art, media and entertainment
- Use of NFTs for digital artworks
- Copyright and licensing management
- Decentralization of media distribution
11.technology and infrastructure
- Integration of IoT with blockchain
- Improving network security and data protection
- Decentralized data storage solutions
12.legal system
- Use of smart legal contracts
- Digitalization of legal processes
- Support for arbitration proceedings and conflict resolution
13.trade and e-commerce
- Creation of trustworthy trading platforms
- Product tracking and authenticity verification
- Customer feedback systems and ratings
14.insurance
- Automation of claims and risk assessment
- Development of flexible insurance models
- Prevention and detection of insurance fraud
I will be happy to answer any further questions.
