The blockchain technology at this stage can be compared to the internet at its early stages, where mass adoption was also an issue. The internet was actually invented in 1969 but didn't get adopted until the 1990s, even then it wasn't accessible to everybody. But it has now become a necessity in every industry and for everybody worldwide.
The blockchain technology is at its infancy stage and it is already making innovations in different industries. Though there are a lot of restrictions against it presently and some nations do not want to adopt it, but it is not a technology that can be stopped and it will surely gain mass adoption with time.
What is your opinion about the blockchain technology?
A technology certainly will have a function that can be accepted in several sectors and surely who are able to adapt against the changing times. Blockchain has a lot of function that can be used by several sectors, such as industrial sector, health sector and education sector then this will make an expectation that can be used in the future. Expect if there are a new technology comes who aren’t have a significant function to some people who used it then I’m sure the technology will only disappear.
In simple terms blockchain is a ledger that records all cryptocurrency transactions, this transaction is carried out by cryptocurrency users without the need for an intermediary, so as to make a transaction only need a buyer and a seller are enough and this thing will strip of funds must be spent on third parties. It only takes some time for blockchain technology to be accepted by the wider community, and also if most people know about blockchain technology then automatically most people will know cryptocurrency.