The blockchain latest news show that the technology is now very similar to the Internet in the early 1990s. In a world of emerging technology, blockchain tech is something that not many understand – but also something that could lead us to a new future.
Right now, we are at a crucial point with this technology. It is what we have seen the Internet like in the 1990s, just before the birth of Amazon (AMZN). At that point, we know that the “world wide web (WWW)” existed, but only few people understood how it worked and could not do much on it.
Now, the Internet has transformed our lives and even though many don’t understand how it works, our ability to perform all sorts of activities and work depends on having Internet access. For many, the blockchain tech now is very similar to Internet in the 1990s – still shrouded in mystery, not widely understood yet with a high potential.
People who have heard of BTC or read the Bitcoin news probably know that these coins present a new era of sending transactions. However, only a few truly understand the benefits of cryptocurrencies. The story with blockchain tech now is the same.
The truth is, blockchain applications have never been straightforward for an average user. In the case of cryptocurrencies, they seem more dangerous. However, recently we saw a few forward-thinking companies starting to use blockchain technology in their applications. This is one of the first real steps towards gaining massive acceptance for the technology.
Some of the really forward-thinking companies that adopt blockchain tech include Figure Technologies Inc. – and Horizon Games. While the first one is taking advantage of blockchain tech to simplify the way financial transactions are performed, the latter aims to bring gaming back to the people and let them earn credits directly from their platform.
Anyways, the real step towards greater acceptance of new blockchain tech would be people actually realizing the benefits of this emerging technology through real-world examples. We have been seeing cases like these in the news a lot lately – but the best way to foster a greater acceptance of this tech everywhere is obviously – through increased regulation and a new future.
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Stefan has been writing articles for DCForecasts since 2016 in-house full time. As one of our main cryptocurrency writers, he focuses on covering the latest cryptocurrency news, technical charts, price analyses of coins and press releases. When he is not exploring and covering the latest topics in crypto, you can find Stefan playing basketball, tennis or cycling.
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