What will people use Barter Smartplace for in 2030

Eugeny Kudrin
3 min readApr 1, 2022

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In 2030, the existing economic order has changed beyond recognition. The financial system could no longer function within the framework of the former fiat monetary system due to rampant inflation, sanctions wars between West and East, and a loss of confidence in traditional financial institutions. Due to ongoing inflation, interest in cryptocurrencies continues to grow, especially for limited-issue tokens with good economics of use. Investors began to appreciate the “application” of technology more than the weight of the “hype” in the project. Meme tokens have lost more than 90% liquidity, and NFTs without intrinsic value have become completely worthless (even those that were bought at prices over $100t in the 2020s). The dollar value as “save haven” ended and the world broke up into currency regions. Instead of fiat currency, cryptocurrencies and CBDCs (central bank digital currencies) have become widespread. Barter deals have also become more popular amid the crisis.

Even before the unprecedented sanctions in February-March 2022, the Ministry of Finance and the FSB spoke out in defense of cryptocurrencies, while the Central Bank called for their ban. After a number of Russian banks were disconnected from SWIFT, and numerous foreign platforms began to prohibit payments using Visa and MasterCard, the use of cryptocurrency has ceased to be just a speculative tool, but has become a necessity. Following El Salvador, amid the global crisis, many countries have recognized cryptocurrency as a legitimate means of payment due to a dysfunctional fiat financial infrastructure. Thanks to cheap electricity and cold climate, Russia, along with Kazakhstan, is one of the most attractive countries for mining companies.

In 2030, many routine processes and jobs are automated. Over the past 5 years, blockchain has been used literally on every corner due to a new wave of hype around NFTs. The scale of the real use of cryptocurrencies still deserves attention, but this is due to the low competence of specialists, who are already lacking. It is precisely because of the lack of professionals that CBDC is still at the development stage and is little introduced into the economies of countries. Notaries, who are only competent to stamp (and even then with errors) completely disappeared in 2025. In the same way, the offices of lawyers and realtors who draw up standard contracts and earn large commissions were “destroyed”. The document flow is automated when it comes to trade and the transfer of ownership, and one-time legal services for the preparation of simple standard contracts are automatically provided by the platform where the transaction is concluded. Non-fungible tokens have become widely used as a kind of tokenized rights to use certain assets. Thus, several NFTs are often tied to the same real asset at once. For example, this could be the right to own and use a lease or fractional ownership of an asset.

Barter Smartplace managed to occupy its niche in time and is now the leading platform in the Russian crypto industry. In 2030, NFT technology is widely used not only for trading digital goods, but also for marking real assets.

Thanks to “Barter” (as they say now), you can buy NFTs with real value — from tickets to land. Just two years ago, in 2028, people realized the true value of barter exchange and began to use barter to exchange real estate, cars, yachts, antiques, gems and metals. Large producers and factories, in turn, use multilateral barter, where they receive scarce goods/resources/assets in exchange for excess ones. Supply chain-supported electronic barter not only reduces the “necessity” of accumulating inflationary money, it makes it possible to correctly allocate resources and goods between businesses and people. Efficient allocation of resources in the era of their reasonable consumption makes it possible to contain the rise in prices for all goods and resources. The owners of medium and large manufactories realized that it is more profitable to keep an excess amount of money in the form of assets that are successfully exchanged through “barter”.

To be continued if you like… How do you see 2030 and Barter Smartplace in the future?

Our services:

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Contacts:

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Blog RU https://vc.ru/u/1084151-barter-smartplace

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