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The fourth industrial revolution and crypto

The fourth industrial revolution and crypto

Cryptocurrency will be a major piece of technology in the so-called ‘Fourth Industrial Revolution’, also called ‘The Great Reset.’ The World Economic Forum (WEF) foresees it benefiting supply chains. But, we’ve also seen early implications for the Internet of Things and Smart Cities. During the first Industrial Revolution in the 1750s, people went from manufacturing inside their homes to factories on a mass scale. Now we enter the Fourth Industrial Revolution on the backs of many technologies beyond blockchain, such as AI, machine learning, autonomous vehicles, drones, and more.

We see the ongoing pandemic has accelerated the adoption of nascent technologies as we move, in a manner where the government doesn’t necessarily have all the power, towards a cashless, streamlined, and transparent financial system.

We’re seeing such a financial system developing in countries across the world with blockchain projects such as Electroneum, Stellar lumens, and Ripple. These companies are trying to solve a lot of issues out there for the unbanked. They are the seed of blooming micro-economies throughout the world. Give it ten years or so, and they could transform the poor economies.

The pros entail, for instance, that it is much easier to pay for everything from a cab to an ice cream. Generally speaking, artists and farmers could benefit during this time. There will be more emphasis on local economies.

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Abhishek Upadhyay

Abhishek Upadhyay

A B2B Content Writer with hands-on experience in various niches. Skilled in writing blog content, website content, SEO content & various marketing collaterals.