The blockchain evolution path is something that many analysts in the cryptocurrency news have covered so far. From what we can see now, the blockchain technology has a very similar evolution path like the one of the Internet and we are already in the second phase of its adoption.
As you probably know, the World Wide Web started its life over 30 years ago. Since then, it managed to penetrate almost every aspect of our lives. Currently, it is basically linked to everything we do. It is difficult to imagine our lives without it and as the march of the technology continues, we have reached crossroads.
Now, the blockchain evolution path that we predict is about to have a similar impact on all our lives. If you haven’t seen the potential of the technology, you are not looking closely enough.
On another note, there are so many skeptics who ask the same questions over and over again about the technology. They are wondering why no one is using it, what will people do with digital assets and when will they buy products with Bitcoin (BTC)?
All of these are popular questions in the blockchain news. However, it is still early for massive adoption – even though there are so many websites like Amazon which can be paid using Bitcoin. The truth is, all innovation cycles take time and most of them usually go through the same hoops and layers before becoming a mass-market product or service.
If you want to understand the evolution of blockchain and the potential that it has to pervade a lot of aspects of our lives, we need to connect it with the Internet and compare their adoption – specifically, find out how the latter managed to become so widespread.
One of the best clues for that was the AOL provider and how it started to drop CDs in our mailbox. The service providers were called ISPs (internet service providers) and without them there wouldn’t be the World Wide Web.
So, we did not really need a “use case” for the Internet but might need one for the blockchain technology and distributed ledger based processes. The evolution path is there and people need to truly understand the importance of blockchain and its benefits before it takes over the world.
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