The blockchain technology has gone far beyond the expectations of its creators. Today, this technology is used in many industries and in the everyday life. This means improved consumer-merchant relationship. No intermediaries are used in the process and thus consumer can close better deals and also be rewarded for participating.
Institutions Will Accept It
As the popularity for this technology grows, it is expected to come into the mainstream. More people will understand it and adopt it, and because of that, the need for knowledge and information will grow even further. Even today we can see many companies that benefit from this technology. Seeing this, institutions may jump on the train to success and efficient working. There are however some improvements that need fixing but with the broad acceptance and adoption, they are expected to be eliminated.
In case you didn’t know, Google is one of the biggest blockchain investors out there. Despite Google, in the team, we can see Facebook’s VP of Messaging Products, David Marcus. Amazon is joining in as well. Despite the popular names, there are many smaller companies that invest millions in this technology for its further development.
More Use Cases
Despite the wide range of companies that use this technology, it’s expected that more unique ICOs will come to the field. One of the best ICOs is probably Puregold which is using gold-supported tokens. Another one is probably Farma Trus that aims to eliminate drugs that are counterfeit. Their aim is to keep track of all the international drugs with their AI system and data services.
Everyday Payments Made Easy
Many popular companies announced that they will make crypto payments. Some of them are Expedia, Subway, and even WordPress. By the end of this year, we should expect even more companies to accept this way of payments since is more efficient and cheap.
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