Bitcoin drive technology is known as blockchain. The form is a collection of notebooks called blocks. Each block is with complicated passwords.
The central bank views (blockchain technology) with caution. There are opportunities, but the risk is also great. Currently in the stage of stock-taking, or see what can be done with the technology.
But the future of blockchain technology will rule the world.
Topic: Future of Blockchain technology (Read 134 times)
In the future altcoins will be the standard not fiat.
What does that look like?
Each country would have their own take on China's social credit idea.
I see this as only the beginning.
Every person would have a transparent rating token attributed to their name. The Government, Companies, Businesses, and even your family will know if you have a good rating score and are a good citizen.
Everyone will know if you:
- Repay your debts on time,
- Fitness device connected to a blockchain can show when and how long you excercise (good candidate for life insurance, employment etc)
- Eat 'healthy' food
- Are a reputable person to do business with.
Positive actions increase your token value and visa versa.
What does that look like?
Each country would have their own take on China's social credit idea.
I see this as only the beginning.
Every person would have a transparent rating token attributed to their name. The Government, Companies, Businesses, and even your family will know if you have a good rating score and are a good citizen.
Everyone will know if you:
- Repay your debts on time,
- Fitness device connected to a blockchain can show when and how long you excercise (good candidate for life insurance, employment etc)
- Eat 'healthy' food
- Are a reputable person to do business with.
Positive actions increase your token value and visa versa.
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