5 disruptive technologies for you to stay informed
Blockchain is affecting (in a good way) all social and commercial sectors worldwide. The reasons are many: enhanced security, faster transactions, easier implementation, stronger scalability, etc.
By making a healthier and more efficient online environment, people can expect better experiences overall when having fun, gaming, or working. Besides, new technologies can and will open more job offerings — which is crucial for the economic recovery after all we’ve been through because of the pandemic.
You should know about some of the most disruptive blockchain technologies around. Some are still in early development; others are in a more consistent shape.
Metaverse
It’s impossible not to mention metaverse when talking about disruptive tech: companies and individuals are working tirelessly to develop virtual cities where you can do anything: shopping, play games, do a stroll in a virtual park, interact with work colleagues, etc.
Bigger companies have already given their first steps inside the metaverse: Samsung has released its online store, Gucci is creating its marketplace inside Roblox, and many other brands are following this trend.
That said, this could change forever the way users and businesses will use the internet in the future.
The end of third-party intermediaries
You don’t have to rely on third-party intermediaries to transfer money online when using crypto. Need to receive payment? Just give your wallet address and wait for the transfer complete. Need to pay someone? Ask for their address and go for it.
There are plenty of trustworthy cryptocurrencies that will complete transfers in a matter of seconds. Their fees are low and there’s no need to rely on anyone to make everything work correctly. After all, crypto is meant to be a “trustless” environment.
Automated businesses
Companies can make their life a lot easier when using blockchain: some processes could be fully automated to avoid human errors, reduce costs and increase productivity.
There are even Decentralized Autonomous Organizations (DAO), companies with no physical environment that utilizes technology to conduct most of their activities.
Scalability
Banks faced problems regarding this matter: older software means that institutions can’t hold up the increasing number of transactions. But some blockchain projects helped these companies to drastically improve their services.
Ripple, for instance, created a fast, scalable blockchain environment that allows banks and other financial services to execute much more transactions per second than before. With that, businesses can provide better services overall and become more competitive than ever.
E-commerce
Cryptocurrencies can be disruptive when it comes to marketplaces. Traditional e-commerce platforms charge both users and businesses with expensive fees and taxes; when using crypto, these costs can be drastically reduced to a minimum.
CoinShopp was created thinking exactly about that: by using a single token (CSHOP), users can buy goods and services by just paying network fees for each transaction — and that’s it.
Retailers can provide better prices than before since their costs are reduced too: all of it leads to more competitive and healthier commerce than ever.
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