In the future, mining will be standard and behavior will be linked to Token. For example, if you browse the headlines and watch the vibrato, you may gain Token. The blockchain itself is also self-financed, and all of the settlements are settled with Tokens. The entire invoicing system is carried out with fully automated smart contracts, rather than scanning the invoices into the blockchain.
The biggest application of the blockchain is money, and the financial system will be completely different from present. The current speculative users think there may be over a hundred kinds of coins in a slightly more active wallet. It will cause confusion over which one is the legal currency.
If you want to buy a watermelon, you don’t know which currency to pay with. Currency now is very simple, you pay RMB in China and you pay in USD in America. But if the fruit shop owner wants to collect digital currency, then you will be confused with more than 100 kinds of coins with different fluctuations.
In the future legal currency will be replaced by digital currency. The future digital currency is like the current RMB in people’s minds. It only knows that it can be used to pay.
As for which currency to pay with, the buyer definitely wants to pay with currencies that have not been doing well, and then the seller wants to receive the currency that will rise in the future. At this time, the buyer and the seller form an exchange, and it is a cross-currency exchange. The process of payment is just a transaction process. After the transaction, you don’t know which currency you paid, and he doesn’t know what money he has collected, because the process is solved by artificial intelligence.
In previous decades, you would receive many surveys after a visit to the hospital. People would not put their real names in for fear of privacy leak. Blockchain technology now offers viable alternatives that are open and transparent while respecting the privacy of users. Centralized databases and file cabinets are no longer a viable option. In the past, patient confidential information was leaked due to internal errors. Over time, security and record shifts will improve by adopting innovative technologies like blockchains.
The decentralized nature of the blockchain and the mobility of the entire network connect everyone, enabling ownership and information processing without the involvement of intermediaries or identity exchanges. It provides a common technology and global solution. The automatic allocation of physical resources and human resources frees up various coordination and confirmation that was done by manpower in the past.
Blockchain is not a panacea, but many future scenarios may change due to blockchain.
