Enter any marketplace and therein awaits a blockchain enthusiast awaiting the next blockchain application to interrupt the norm. Waiting for blockchain to take the abuse of power, and administer it evenly. To open locked doors and distribute information fairly. And yet, many are still oblivious to the wonder of blockchain, and the variety in which it can be applied. No matter the industry, the interference of blockchain is nigh. Evidently, blockchain is coming, whether the public consensus is ready for it or not…
Cudos is excited for what the blockchain ‘unchains’ in the near future but is first to admit that there is little we really know about the far-spanning potential of the technology, as it precludes it's soon to be redundant technology. Let’s take a look at just what the future holds with such an impending, and all-consuming technology.
According to AI Multiple, the most advanced sectors, in the minds of Global Executives, for blockchain technology are the financial sector (46%), industrial products (12%), and Energy and Utilities (12%). What tends to trouble people’s understanding of blockchain technology is that, as this data illustrates, Bitcoin and blockchain technology has a vast application outside of what they might expect.
Governments and organisations are first to adopt the technology for the exchange of value and transparent recordkeeping qualities, which most can fathom the technology is capable of. But its applications don’t end there. In fact, blockchain may be much closer to home than one would expect.
A reliable, transparent voting system is notoriously difficult to administer and manage. With blockchain, it seems a much more viable achievement. The decentralized nature of the blockchain can create an undisputedly fair voting system, allowing for a more transparent model with less political anguish.
The future can also hold a variety of efforts in transport, to further secure our travel conquests. Digital passports will cause fraudulence to retreat to less robust modes of transport and theft. Whilst NFTs will certify owners of digital art, serving musicians and graphic designers with the integrity they deserve for their talent.
There’s even talk of social networking applications, whereby user privacy and information are ever more protected. A sigh of relief for the majority of the globe, given the recent scandals of misinformation and data disclosure.
The epic scale of blockchain is uncanny, and yet, its applications might approach the everyday user minuscule. But don’t be dismayed, they may appear trivial in size, but their impact may change the world as we know it..
About Cudos
The Cudos Network is a layer 1 blockchain and layer 2 computation and oracle network being designed to ensure decentralized, permissionless access to high-performance computing at scale and enable scaling of computing resources to 100,000’s of nodes. Once bridged onto Ethereum, Algorand, Polkadot, and Cosmos, Cudos will enable scalable compute and Layer 2 Oracles on all of the bridged blockchains.
For more information, please visit:
Website: www.cudos.org
Twitter: https://twitter.com/CUDOS_
Telegram: https://t.me/cudostelegram
YouTube: https://www.youtube.com/c/CUDOS
