A post by Narayani Modi
Blockchain is one of the greatest inventions in the history of mankind.
Blockchain technology has been designed to provide a layer of trust over the internet. This layer of trust is not only enabling many possibilities for different industries but also enhancing their performance by adding fundamentally new capabilities.
Blockchain is likely to disrupt many industries in the coming five to ten years. But Blockchain has to improve on par with the existing technologies used by the industries. There are many challenges surrounding the blockchain in its current iteration like Scalability, Reliability, Security, Cost-effectiveness to name a few.
Whenever I invest in a coin/token/project, I try not to look at the use cases on Blockchain itself but I try to find out which one of them are focusing on solving the above-mentioned problems, the fundamental problems of Blockchain, and then let it reflect upon the project I’m investing.
I’ve found after thorough research that, some of the upcoming technologies on Blockchain that may solve the Blockchain’s fundamental problems are the ones who will shape the future of the Blockchain. We may bring as many use cases on existing Blockchain as we can but if we couldn’t build a strong foundation, the entire ecosystem will eventually collapse and we will be left with nothingness.
And, I found out that the aspects that may eventually shape the future of Blockchain-based global and universal economies are:
These are the technologies that may/(if I may be optimistic) will change the way we interact with the technological universe. I suggest you do your own due diligence and invest in the projects you strongly believe in, the project that might change the future, That’s why I always say.
Disclaimer: This post is for educational and informational purposes only and not to be considered as investment advice. I’m neither endorsing nor promoting any of the projects mentioned in this post. You should consult with a financial advisor or other professional to determine what may be best for your individual needs and risk tolerance. Always do your own research.
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