08 March 2023 13:52, UTC
Reading time: ~5 m
Blockchain is a revolutionary technology that could reshape many industries. It’s already changing how we do everything from banking to healthcare, and it’s just getting started. But what if there were another way to use this new technology? What if there were a way to create something even better than the current blockchain? In this article, we will explore 7 potential triggers that could lead to a blockchain “super disruption” and potentially pave the way for an even more advanced version of blockchain technology.
New protocols and standards
According to experts at Bitcoineer, the most obvious trigger for this super disruption is the blockchain itself. As a distributed ledger, the technology behind bitcoin has been around for nearly a decade. However, there are still many challenges to overcome before they can be used in mainstream applications like supply chain management or payments. The second most likely trigger for this super disruption will be new protocols and standards that will be required to scale:
- New protocols that support multiple use cases – e.g., smart contracts (transaction processing)
- New standards that define more efficient ways of doing things on various levels of scale – e.g., consensus algorithms
Financial services consolidate
Consolidation is a trend that has been gaining momentum for decades, and it’s not likely to stop anytime soon. As financial services companies continue to consolidate, they’ll be able to save money by sharing technology across their organizations. This could lead to more efficiency and increased competition among these large firms—and, ultimately, a better overall system for consumers.
The rise of a new sovereign
The rise of a new sovereign is a big deal. It will lead to a blockchain super disruption, something other than what people usually talk about because it’s hard to explain. What exactly is this new sovereign? Well, let me give you an example: Imagine if your country suddenly became independent from the United States and began issuing its currency (Bitcoin or Ethereum). You could then use this new currency for all your transactions with other nations worldwide—including those who don’t have digital currencies yet—and you wouldn’t have to worry about being taxed on what you bought or sold at home. This would be great news for anyone living in countries where money makes up most of their economy!
Block Chain Becomes Non-Blockchain
The next trigger is when the blockchain becomes a non-blockchain. Blockchain is a distributed database that stores and shares information among a group. It’s also a shared ledger, which works like an accounting system for transactions and contracts between parties. This means that if someone does something wrong, they can be tracked down and punished by the rest of their peers on the network (i.e., everyone else). In other words, if you do bad things in blockchain land—like stealing money from your boss—you’ll get caught because everyone knows what happened; there will be no hiding place for you! The same goes for companies who don’t pay their employees properly or suppliers who cheat them out of payment terms agreed upon in contracts signed before entering into business relationship agreements with each other through the use of smart contracts technology.”.
Centralized digital identity platforms
Centralized digital identity platforms are vulnerable to hacking and data breaches. Blockchain-based digital identity platforms can be more secure because they use a decentralized system that is not owned by any one entity. If a hacker manages to break into the central database, all the information stored there will be destroyed, ensuring no one else can access it. Blockchain could be used as part of both verification and storage of user data on these platforms—for example, verifying your identity before granting access or storing your personal information (like birth date) so that it cannot be manipulated by hackers who might try to impersonate you or steal your identity information.
Transparency to a fault
Transparency is a good thing, and when it comes to blockchains, transparency can be a good thing. For example, if you’re looking at the history of an asset in a blockchain ledger—like an ownership transfer or contract—you’ll see every step along the way. This makes it easy to track where things are going and who has what responsibility. But there are also potential downsides: if everyone knows exactly what happened before and after an event, then they can use that information to create new predictions about future events (or even manipulate them).
Quantum computing dawns
With quantum computing now becoming a reality, we will see a shift in how people store their data and protect it from hackers or governments who want to access it for surveillance purposes. This could have serious implications for blockchain standards like Ethereum because there will be no more centralization of control over blockchain networks as there was when bitcoin was first created back in 2009; instead, every node on these networks will have its copy of the ledger (or “blockchain”) stored locally on their computer hard drives so no one person can take over them without causing any damage whatsoever!
The super-computing cyborg upstarts
The super-computing cyborg upstarts are here, and they’re taking your data to a whole new level. The next generation of AI is already happening: we see more advancements in machine learning, artificial intelligence, and neural networks that make it easier for machines to learn by themselves—and this will lead us down a path where almost everything is connected. Imagine if you could use this same technology without having to worry about your privacy. Or what if I could control my personal information? And what if the best part was that there were no limits on how much data I could collect from others? That would be cool!
The big data mavericks
Blockchain might be your next big thing if you’re a big data maverick. Big Data is the new oil. It’s been described as “the most significant technology trend of our time” by WIRED.COM and an asset class that could bring about “transformational change” for organizations across all industries. Big data has already had some impact on businesses: in 2021 alone, companies were expected to spend $160 billion on big data tools and services—up from $100 billion just four years prior (and this number doesn’t include spending on other related technologies such as artificial intelligence). It’s essential to be aware of these potential triggers because they could change the world as we know it. The blockchain can disrupt many industries, but not all at once.
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