I am on my way to the market for my coconut and sweet potato. Excited to obtain my carbohydrates from these alternative sources, I am thinking what I am going to cook that evening. Will it be mashed sweet potato? Shall I just boil it? Time will tell.
Then when I pass by a business establishment, I see people lining up. They are at a remittance center, waiting for their fund to be transferred to them in cash.
I think to myself: "this is so unnecessary" Those people are not practicing social distancing. Yes, they have masks put on and face shield. But they are better off if they were to maintain 2 meters apart.
But one thing that irritates me is that since people have smartphones (who doesn't have smartphones these days?), they could have just have the fund sent to their devices.
I understand that it may take a while for the majority of people to adopt cashless transaction, But I envision a cashless society where we don't have to bring with us cumbersome cash, especially coins.
I still pay cash especially with market vendors. I still use cash when I buy fresh fish, leafy greens, onions, garlic, you know the drill. I even use cash when I take public transportation. But I hope that truly one day, sooner or later, we only use cash as less often as possible.
I wonder what it would be like when DeFi (Decentralized Finance) is fully adopted by the majority of people around the world. As we are getting more connected virtually, I feel that we become just villagers in this blue rock floating in space.
Non-Fungible tokens (NFTs) such as artworks can be traded around the world using cryptocurrencies across different tokens. We have the security and transparency that blockchain offers. Good thing we don't have to rely on another human being or a centralized system that is fallible and prone to more failure.
It's like we outsource our contracts and agreement to a foolproof entity, so precise and accurate that it even executes the command when we make a mistake. That would make us more responsible in how we craft our agreement, then.
Would lawyers still have jobs by then? I don't know. Time will tell. Will accountants be hired still? We have yet to see. I think that as technology advances, it's normal to expect that certain jobs and functions will not be needed anymore.
Some say that technology creates more jobs than it has destroyed. Think about all the modern job descriptions that employers look to hire. From web developers to medical technologists.
The key is just to be more open to doing different things. If you are a driver, for instance, self-driving cars may replace you. You may become a yoga instructor instead. Of course I am using an extreme example here. But you get the point.
Sooner or later, until we all have adopted cashless transactions such as with cryptocurrency, may we just keep on educating ourselves on what's on the horizon. By then, we shall just be smooth sailing. And in the case of commerce, smooth selling?
Please stay tuned for more.